• Profitability And Technical Efficiency Analysis Of Rice Production

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    • 1.4 STATEMENT OF PROBLEM
      In Nigeria, rice has become a major staple food crop in most homes today and unfortunately the domestic production of the product has not been met with the demand for it. Which has expressed itself in the food shortages experienced in the country recently? (CBN, 2003).  Esan Central and North East Local Government Area of Edo State is one of the areas where rice is grown in Edo State, Nigeria. The area is blessed with natural requirements (in terms of soil, rainfall and other factors) for rice production which when properly tapped can lead to an increase in rice production and source of employment to the unemployed.  The problem of socio-economic changes such as population explosion, industrialization and urbanization call for a sufficient and wholesome food supply and where possible in convenient forms. Infact this is a challenge to Nigeria farmers, researchers and members of the public.  Rice farmers in Esan Central and North East are mainly peasant farmers who depend entirely on traditional farming techniques for the production and their standard of living not present as through the enterprise is viable. 
      This study will provide answer to the following questions: 
      What are the socio-economic characteristics of respondent in the study area? 
      Are the farmers able to efficiently hand their input costs? 
      What are the factors that determine the cost efficiency of production of the farmers in the study area? 
      What is the farmers cost efficiency level in the study area? 
      What are the socio-economic factors affecting the cost efficiency of farmers in the study area  
      1.5 OBJECTIVES OF THE STUDY  The broad objective of the study is to estimate the portability and cost efficiency of rice production in Esan Central and North East Local Government Areas of Edo State. The specific objectives are to:  Examine the socio-economic characteristics of respondent in the study area.  Determine the profitability of rice in the study area  Estimate the cost efficiency of rice farmers in the study area.   Ascertain if there is any socio-economic factor that affects the technical inefficiency of farmers.  Determine any other constraints the farmers are experiencing. 
      1.6 JUSTIFICATION OF THE STUDY
      Food and agricultural organization (FAO, 1996) record has it that the world population is increasing an alarming rate, and it is expected to increase in the next decade by 88 million per annum with this record so far it’s estimated that more than 60 millions of this population will be absorbed in cities and towns, globally there will be an increase in demand for major food crops and rice. This overwhelming increase in demand for major food crops and rice. This overwhelming increase in demand will definitely lead to an overwhelming increase in price of rice.  There is need therefore the need to look into the cost efficiency and profitability of rice production by farmer in the study area.  The empirical evidence from this study will add to the already wide stock of knowledge about rice production and also help policy marker in policy formulation concerning rice production and also potential investors on how to go about investing in rice productions.
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    • ABSRACT - [ Total Page(s): 1 ]This research was designed to access the Profitability and Technical Efficiency Analysis of Rice Production in Esan Central and North East Local Government Areas of Edo State with a specific objective of examine the socio-economic characteristics of the farmers, determine the profitability of rice in the stud area.  The study used information gathered from One hundred and eighty (180) copies of a structured questionnaires were administered to rice farmers in the study area. Data so collected we ... Continue reading---