Economic Analysis of Fluted Pumpkin (Telfaria Occidentalis) Production in Ibadan Metropolis, Oyo State, Nigeria

Abstract The study was carried out to analyze the economics of fluted pumpkin production in Ibadan metropolis. A total of 80 fluted pumpkin farmers were selected using multistage sampling method. Data were collected using a set of questionnaire. Analysis of the data obtained from the questionnaire was carried out through the use of descriptive statistics such as frequency, percentage, profit function analysis, gross margin and multiple regression analysis. From the analysis, all the farmers interviewed were literate. From the gross margin analysis, fluted pumpkin production was found to be a profitable venture in the study area. The profit function analysis result of R2 (0.8910) showed that 89.01 percent of the variability in profit in explained by the combined effect of the variable price items in the function. This is indicative of the price variable for output price had a positive significant effect on the profit level of farmers. The regression result showed that the coefficient for farming experience was positive and significant at 5 percent level. Recommendations from the study area include among others, government should provide inputs such as chemicals and planting seed at subsidized rate to farmers and also aim at solving the problems in vegetables production.

Keywords Gross margin, Profit function, Production, Fluted Pumpkin, Chi-squre.

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Agriculture Journal: Economic Analysis of Fluted Pumpkin (Telfaria Occidentalis) Production in Ibadan Metropolis, Oyo State, Nigeria

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