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Economics Of Oil Palm Seedling Production
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The female inflorescence contains 200 – 300 fruits, and fruit set is 50 –
70% fruit riped about 5 – 6 months after pollination (Ergo, 1977).
Vegetable and edible oil producer of Nigeria (VEOPAN) claims that, it
provided job opportunities for not less than 1.8 million farmer family
involved in this production of oil seeds and related crops. Nigeria
with a National 1.3 million tones of palm oil and a population. Of over
140 million that means each family produces less than 700kg per year,
i.e. an average of less than 2kg/day (Eshalomi, 2008). Last year, the
vegetable oil sub-sector of Manufacturers Association of Nigeria
reported that the market has been very unstable because of high cost of
input, excessive smuggling of vegetable oil and faking. Recently, the
group lamented the shortage of palm oil plantation production which is
the major raw material for vegetable oil production because it condemned
the Federal Government of Nigeria for signing a contract to supply palm
oil to Ghana, whose local demand has not been met (Eshlomi, 2008). In
Edo State, effort has been made to encourage the establishment of oil
palm plantation. These has yielded some positive result such as
establishment of multinational oil palm plantation companies, whose
production has follow Presco Industry Limited 22,000 tonnes/year and an
indigenous oil palm farm Nosakeri Farm (Vanguard, 2007).
1.2 STATEMENT OF PROBLEM
The
production of oil palm seedling is currently the only source of
planting materials for oil palm production in Edo State senatorial
district. The entire seedling produced in the world is of the tenera
type obtained from fertilizing dura tree with pollen form pisifera tree
(Griseb, 2007). The oil palm seedling production is handled directly by
organizations such as the Ministry of Agriculture and NIFOR (Wikipedia,
2008). However, it is observe that a number of business oriented persons
are not investing in oil palm seedlings production. What would be
responsible for this? The equation therefore is whether investment in
oil palm seedling production is not profitable or there are some other
problems that are preventing investment in oil palm seedling production.
It is necessary to carry out an economic analysis to determine the
profitability and viability of oil palm seedling production in Edo South
Senatorial district.
1.3 OBJECTIVE OF THE STUDY
The
broad objective of the study is the economic analysis of oil palm
seedlings production in Edo South senatorial district. The specific
objectives are:
i. To examine the soicio-economic characteristics of the producers of oil palm seedlings in the study area.
ii. To identify the methods adopted in raising the oil palm seedlings in the study area.
iii. To estimate the cost and returns in oil palm seedlings production and access its profitability and viability.
iv.
To identify the factors affecting the level of income generated in the
production of oil palm seedlings in the study area. To identify
constraints militating/facing against oil palm seedlings production.
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ABSRACT - [ Total Page(s): 2 ]The study determined the economics of oil palm seedlings production in Edo South Senatorial district, Edo State. The specific objective was to examine the socio-economic characteristics of the oil palm seedlings producers, identify the methods adopted in raising oil palm seedlings in the study area, to estimate this cost and returns in oil palms production and access it’s profitability and viability, identify the factors affecting the level of income generated by producers and the likel ... Continue reading---
