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Original scientific paper

Economic Efficiency of Yam Production in Oyo State of Nigeria

Laudia T. Ogunniyi   ORCID icon orcid.org/0000-0002-8130-0560 ; Ladoke Akintola University of Technology Ogbomoso, Department of agricultural economics and extension ,Oyo State, Nigeria
Olajide A. Ajao ; Ladoke Akintola University of Technology Ogbomoso, Department of agricultural economics and extension ,Oyo State, Nigeria

Fulltext: english, pdf (114 KB) pages 217-221 downloads: 325* cite
APA 6th Edition
Ogunniyi, L.T. & Ajao, O.A. (2012). Economic Efficiency of Yam Production in Oyo State of Nigeria. Agriculturae Conspectus Scientificus, 77 (4), 217-221. Retrieved from https://hrcak.srce.hr/97508
MLA 8th Edition
Ogunniyi, Laudia T. and Olajide A. Ajao. "Economic Efficiency of Yam Production in Oyo State of Nigeria." Agriculturae Conspectus Scientificus, vol. 77, no. 4, 2012, pp. 217-221. https://hrcak.srce.hr/97508. Accessed 3 Dec. 2021.
Chicago 17th Edition
Ogunniyi, Laudia T. and Olajide A. Ajao. "Economic Efficiency of Yam Production in Oyo State of Nigeria." Agriculturae Conspectus Scientificus 77, no. 4 (2012): 217-221. https://hrcak.srce.hr/97508
Harvard
Ogunniyi, L.T., and Ajao, O.A. (2012). 'Economic Efficiency of Yam Production in Oyo State of Nigeria', Agriculturae Conspectus Scientificus, 77(4), pp. 217-221. Available at: https://hrcak.srce.hr/97508 (Accessed 03 December 2021)
Vancouver
Ogunniyi LT, Ajao OA. Economic Efficiency of Yam Production in Oyo State of Nigeria. Agriculturae Conspectus Scientificus [Internet]. 2012 [cited 2021 December 03];77(4):217-221. Available from: https://hrcak.srce.hr/97508
IEEE
L.T. Ogunniyi and O.A. Ajao, "Economic Efficiency of Yam Production in Oyo State of Nigeria", Agriculturae Conspectus Scientificus, vol.77, no. 4, pp. 217-221, 2012. [Online]. Available: https://hrcak.srce.hr/97508. [Accessed: 03 December 2021]

Abstracts
This study estimates economic efficiency of yam growing farmers in Oyo State of Nigeria using stochastic frontier production function. The empirical application used farm level data collected from 120 farms following 2007/2008 growing season. The results indicate that farm size, hired labour, yam set and equipment are the major factors that influence changes in yam output. Farm specific variables, such as farming experience, diversification and extension, were the significant factors influencing inefficiency among yam producers. Predicted economic efficiencies range between 0.0094 and 0.876 with a mean economic efficiency of 0.594. Based on these results, sample yam producers could increase their output by 40.6% through better use of available resources.

Keywords
economic efficiency; yam; stochastic frontier function

Hrčak ID: 97508

URI
https://hrcak.srce.hr/97508

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