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Determinants of profitability among Grasscutter farmers in Osun State, Nigeria
Abstract
This study analysed the determinants of profitability among grasscutter farmers in selected Local Government Areas of Osun State. Data were collected from the respondents with the aid of a questionnaire. Multi-stage sampling technique was used in selecting 120 respondents. However, 112 questionnaires were retrieved and analysed. The analytical tools employed were descriptive statistics, gross margin and multiple regression analyses. The study revealed that grasscutter farming in the area was dominated by males (70.5%) whom were married with average age of 48years. The regression analysis shows that determinants of profitability in grasscutter farming include: education and labour cost, which were positive and significant at 10%. Housing (5%), feeding (5%) and transportation cost (10%) were negative and also significant. The major challenges to grasscutter farming in the study area include; unstable market price, high cost of housing and finance. The study therefore calls for policies aimed at provision of free and affordable education to enable grasscutter farmer’s access and process information on innovations that will enhance profit. There is also need to subsidize the cost of feed and housing to mitigate the high cost of inputs in the enterprise. There is also need for provision of access roads to reduce the transactions cost of grasscutter marketing in the area.
