Economics of Yam (Dioscoreaceae Dioscorea) Marketing: New Insights from Bosso Local Government Area of Niger State, Nigeria.

Authors : Festus Victor BEKUN

Pages : 1-13

View : 17 | Download : 8

Publication Date : 2017-12-01

Article Type : Research Paper

Abstract :This current study examines the economics of yam marketing in Bosso local government area of Niger State Nigeria, to this end, statistical tools such as descriptive statistics, marketing margin model, and regression analysis procedures was utilized as estimation techniques. The study relies on random sampling technique of selected 80 yam marketers. The motivation for this study, rest on the dominance of yam marketing operation in the study area as well as the need to chart a better and more efficient system of agricultural marketing for yam marketers in the sampled area. The empirical result reveals that an overwhelming majority insert ignore into journalissuearticles values(95.1%); of the marketers were 21-50 years of age with 6 years and above of marketing experience dominating insert ignore into journalissuearticles values(90%);. However, most of the yam marketers started the business with capital base of N1,000N20,000, it was also discovered was that majority insert ignore into journalissuearticles values(58.8%); of the marketers were female and within their active age with mean age of 35 years which goes to show that female can contribute to the responsibility of the family. The study also seeks to explore marketer’s preference for source of funding either from the formal institutions such as insert ignore into journalissuearticles values(Banks and Co-operatives); or the informal institutions insert ignore into journalissuearticles values(from friends or relatives); which is key in the effective and efficient in yam marketing. Finally, the study is set out to find out potential constraints to the attainment of the full gains of yam marketing in the study area and offer workable and visible remedy
Keywords : Yam marketing, Ordinary Least squares, Bosso Nigeria