Short answer
Agricultural production systems should be designed with a focus on optimizing the use of key inputs like fertilizer and labor, while also addressing systemic challenges in capital access and market dynamics to ensure economic sustainability.
- Field
- Commercial Production
- Source
- Journal of Experimental Agriculture International (2020)
- Method
- Quantitative analysis using descriptive statistics, budgetary analysis, profitability indicators, and multiple regression.
- Sample
- 140 respondents
- Evidence
- Strong effect
Yam cultivation in the Gboyin Local Government Area of Ekiti State is a profitable enterprise, with key inputs like fertilizer, farm size, and labor significantly influencing output and overall net income. This commercial production research insight is drawn from a 2020 study published in Journal of Experimental Agriculture International. Using Quantitative analysis using descriptive statistics, budgetary analysis, profitability indicators, and multiple regression. with 140 respondents, researchers explored how this design variable affects real-world outcomes. The key design takeaway: Agricultural production systems should be designed with a focus on optimizing the use of key inputs like fertilizer and labor, while also addressing systemic challenges in capital access and market dynamics to ensure economic sustainability.
Yam production in Ekiti State yields a net farm income of N91,876.50 per season, indicating economic viability.
Yam cultivation in the Gboyin Local Government Area of Ekiti State is a profitable enterprise, with key inputs like fertilizer, farm size, and labor significantly influencing output and overall net income.
Journal of Experimental Agriculture International · 2020
Key Findings
- 01Yam production is profitable, with an average net farm income of N91,876.50 per season.
- 02Fertilizer, farm size, and labor are significant positive predictors of yam production output.
- 03Farmers face constraints such as inadequate capital, limited access to loans, high input costs, and poor produce prices.
Application
Design takeaway
Agricultural production systems should be designed with a focus on optimizing the use of key inputs like fertilizer and labor, while also addressing systemic challenges in capital access and market dynamics to ensure economic sustainability.
How to apply
When designing agricultural tools, systems, or support services, consider the specific economic context, input costs, and market realities of the target user group to ensure practical and profitable application.
Project actions
- 01When researching a product, consider its economic impact on the end-user, not just its functionality.
- 02Analyze the cost-benefit of different design choices in terms of production efficiency and profitability.
Method & Evidence
Variables
Strengths & Limitations
Strengths
- +Utilizes a combination of statistical methods for comprehensive analysis.
- +Provides specific financial data (net farm income) for economic assessment.
Limitations
This study focuses on a specific crop and region; economic conditions can vary significantly based on location, crop type, and global market trends.
Reliability & validity
The study's reliability is supported by the use of established statistical methods. Validity is enhanced by collecting data directly from farmers and using multiple analytical approaches to confirm findings.
Think critically
How might the identified constraints (inadequate capital, high input costs, poor produce price) be addressed through design interventions or policy changes to further enhance the profitability of yam production?
Design Principles
"Economic viability is a critical determinant of the success and sustainability of any production system; design interventions should aim to enhance profitability through efficient resource utilization and market integration."
Understanding the economic drivers and profitability of agricultural production is crucial for resource allocation, investment decisions, and developing sustainable farming practices. This insight highlights the financial potential of specific crops and regions, informing strategies for agricultural development and market engagement.
What This Means for Your Design
Yam farming in this part of Nigeria makes good money, with fertilizer and how much land you have being super important for getting more yams. But, farmers struggle with getting enough money to start, finding affordable seeds and fertilizers, and getting good prices for their yams.
How to use in your project
- 1.Use this study to justify the economic feasibility of your design solution in a similar context.
- 2.Cite the net farm income as a benchmark for potential profitability of related agricultural innovations.
Add to My Project
Quick Cite
Paragraph starter
This research indicates that yam production in the Gboyin Local Government Area of Ekiti State is a profitable enterprise, yielding an average net farm income of N91,876.50 per season. Key production inputs such as fertilizer, farm size, and labor were found to be significant drivers of output. However, constraints including inadequate capital, limited access to loans, high input costs, and unfavorable produce prices were identified. This suggests that for any agricultural innovation in this context, a strong emphasis on improving input accessibility, cost-effectiveness, and market linkages would be crucial for economic success.
Source
Journal of Experimental Agriculture International
Economics of Yam Production in Gboyin Local Government Area of Ekiti State, Nigeria
journal · 2020
View sourceQuestions About This Research
- What does the research say about yam production in ekiti state yields a net farm income of n91,876.50 per season, indicating economic viability?
- Agricultural production systems should be designed with a focus on optimizing the use of key inputs like fertilizer and labor, while also addressing systemic challenges in capital access and market dynamics to ensure economic sustainability. Evidence: Journal of Experimental Agriculture International (2020).
- Why does "Yam production in Ekiti State yields a net farm income of N91,876.50 per season, indicating economic viability." matter for design?
- Understanding the economic drivers and profitability of agricultural production is crucial for resource allocation, investment decisions, and developing sustainable farming practices. This insight highlights the financial potential of specific crops and regions, informing strategies for agricultural development and market engagement.
- How can designers apply this research?
- Agricultural production systems should be designed with a focus on optimizing the use of key inputs like fertilizer and labor, while also addressing systemic challenges in capital access and market dynamics to ensure economic sustainability.
- What were the main findings?
- Yam production is profitable, with an average net farm income of N91,876.50 per season.. Fertilizer, farm size, and labor are significant positive predictors of yam production output.. Farmers face constraints such as inadequate capital, limited access to loans, high input costs, and poor produce prices.
- What research method was used?
- Quantitative analysis using descriptive statistics, budgetary analysis, profitability indicators, and multiple regression. with 140 respondents.
- How strong is the evidence?
- Evidence strength is rated Strong effect, based on a 2020 journal from Journal of Experimental Agriculture International.
- What should I do differently in my next project?
- When designing agricultural tools, systems, or support services, consider the specific economic context, input costs, and market realities of the target user group to ensure practical and profitable application.
- What are the limitations?
- The study is specific to the Gboyin Local Government Area and may not be generalizable to all yam-producing regions. External market fluctuations and policy changes are not accounted for.