Profitability of Watermelon to Farmers in Ibarapa Central Local Government Area of Oyo State

Amao, S. A. and Ajiboye, B. O. and Adeagbo, T. A. and Akinyemi, O. A. Profitability of Watermelon to Farmers in Ibarapa Central Local Government Area of Oyo State. Profitability of Watermelon to Farmers in Ibarapa Central Local Government Area of Oyo State.

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Abstract

The study analyzed the profitability of watermelon as an alternative crop to the melon the farmers in Ibarapa Central Local Government Area of Oyo state, Nigeria are used to grow traditionally. Unfortunately, melon had remained a poor marketing commodity over a long period of time due to price fluctuation. Data collected were analyzed using descriptive statistics and gross margin. Budgetary analysis revealed a profitability of watermelon with gross margin of ₦2.18 is realized for every ₦1 invest on watermelon per hectare. The result of the analysis also showed that total cost was N3254250 and the total revenue was N7109600. This gave a gross margin of N3855350 of watermelon produced it therefore recommended that the local government should acquire more tractors for hiring to the farmers while subsidy is required in other to reduce the cost of land clearing. Finally, government should as a matter of urgency make credit facilities and fertilizer available to farmer, grade and open up more road network that will facilitating easy transportation of farm produce and reduce cost of transportation

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