AKSU Journal of Agricultural Economics, Extension and Rural Development

ECONOMICS OF RICE PRODUCTION IN SOUTHERN TARABA STATE, NIGERIA

Author:  Luka, P., Aboki, E., Maigandi, B.C. and Rukwe, D.T.

Abstract
This study examined the economics of rice production in Southern Taraba State, Nigeria. Multi stage sampling procedure was employed in selecting 133 respondents for the study. Primary data used in the study were collected using structured questionnaire.Data collected were analysed using descriptive statistic and gross margin analysis. Result of the study indicates that majority (80.45%) of the rice farmers were male in the study area, the average age of the farmers were 39 years, and majority (67%) of the farmers were married. The average household size was 5 persons per household, the average farming experience was 15 years; majority (76%) of the respondents had formal education. The total variable cost (TVC) and total fixed cost (TFC) per hectare of rice production was ₦254,200 and ₦60,466.7 respectively. The total revenue generated was ₦480,000 per hectare while the total average cost incurred was ₦314,666.7 per hectare,the gross margin and net farm income were ₦225,800 and ₦165,333.3 respectively. The return on investment was 0.525kobo which means that in every naira invested there was returns of 53 kobo. It was recommended that the extension agents should be encouraged to visit and train rice farmers on the use of new technology in the study area.