Econometrics analysis of soybean production in Doma Local Government Area of Nasarawa State, Nigeria

Abstract

The study is on economic analysis of soybean production in Doma Local Government Area of Nasarawa State, Nigeria. The objectives of the study were to describe the socio-economic characteristics of soybeans farmers and estimate the production function for soybeans in the study area, estimate the cost and return of soybeans production. A simple random sampling technique was used to select 120 respondents. Primary data were collected with a structured questionnaire. The data were analyzed using descriptive statistics; mean percentage and frequency and production function. The result showed that the soybeans farmers were mostly young people, married, and literate with large household sizes. Also, 88.3% of the farmers cultivated less than one hectare, while 11% cultivated between 1.0 to 2.0 hectares of land. The estimated production function had a coefficient of determination (R²) of 0.943, implying that about 94.3% variation in the output of soybeans were accounted for by seed and labour, that increase in any of the variables will lead to increase in output of soybeans. The study, therefore, recommended that improved inputs be made available on time, in right amounts and at affordable prices to the farmers by the government and other stakeholders in other to enhance production.