Authors :
Abah, Emmanuel O
Volume/Issue :
Volume 5 - 2020, Issue 3 - March
Google Scholar :
https://goo.gl/DF9R4u
Scribd :
https://bit.ly/2yv6lOL
Abstract :
Analysis of profit efficiency of soybean
marketing chain in North Central States of Nigeria is
aimed at solving the problems of soybeans marketing.
The objectives are to estimate profit efficiency of
soybean marketers in the study area and to analyse the
effect of socioeconomic factors on profit efficiency
among soybean marketers. Purposive and multi-stage
sampling were used to select 481 respondents. Data
were collected through structured questionnaire and
analyzed with stochastic frontier profit function. The
study revealed that some marketers were efficiency as
indicated by mean efficiency of 81.45% for wholesalers
and 78.55% for producers marketers but processor and
retailers were inefficient marketer with mean of 46.69%
and 26.63% respectively. Among the small scale
processors, transport cost (3.73477), storage cost
(1.95338), sex (-1.787311) and years in school (-
5.156828) significantly influence profit efficiency. For
the wholesalers, market levy (2.76892) and cost of
produce (-9.57957) as well as inefficiency factors of age
(-2.83778) and schooling (2.43442) were significant.
Among soybean retailers, the cost of produce (-4.07721)
and bagging (-1.81227) were significantly related to
profit. The result of producer marketers revealed that
cost of bagging (-7.5945), transport (2.38061), market
levy (12.4141) and cost of produce (-2.06000)
significantly influence profit efficiency. Of the
inefficient effects, years in school (-2.26556),
membership of association (-1.97485), household size
(2.15480) and marketing experience (3.35806) were
related to profit efficiency. The study recommends that
government should provide social amenities such as
road, water supply and electricity for soybean
marketers. Extension agents should teach soybean
producers the best use of input such as fertilizers and
agrochemicals. The result of research on soybean
processing and utilization should be properly
disseminated by extension agent.
Keywords :
Profit Efficiency, Soybean Marketers, Stochastic Profit Function.
Analysis of profit efficiency of soybean
marketing chain in North Central States of Nigeria is
aimed at solving the problems of soybeans marketing.
The objectives are to estimate profit efficiency of
soybean marketers in the study area and to analyse the
effect of socioeconomic factors on profit efficiency
among soybean marketers. Purposive and multi-stage
sampling were used to select 481 respondents. Data
were collected through structured questionnaire and
analyzed with stochastic frontier profit function. The
study revealed that some marketers were efficiency as
indicated by mean efficiency of 81.45% for wholesalers
and 78.55% for producers marketers but processor and
retailers were inefficient marketer with mean of 46.69%
and 26.63% respectively. Among the small scale
processors, transport cost (3.73477), storage cost
(1.95338), sex (-1.787311) and years in school (-
5.156828) significantly influence profit efficiency. For
the wholesalers, market levy (2.76892) and cost of
produce (-9.57957) as well as inefficiency factors of age
(-2.83778) and schooling (2.43442) were significant.
Among soybean retailers, the cost of produce (-4.07721)
and bagging (-1.81227) were significantly related to
profit. The result of producer marketers revealed that
cost of bagging (-7.5945), transport (2.38061), market
levy (12.4141) and cost of produce (-2.06000)
significantly influence profit efficiency. Of the
inefficient effects, years in school (-2.26556),
membership of association (-1.97485), household size
(2.15480) and marketing experience (3.35806) were
related to profit efficiency. The study recommends that
government should provide social amenities such as
road, water supply and electricity for soybean
marketers. Extension agents should teach soybean
producers the best use of input such as fertilizers and
agrochemicals. The result of research on soybean
processing and utilization should be properly
disseminated by extension agent.
Keywords :
Profit Efficiency, Soybean Marketers, Stochastic Profit Function.
