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ISSN Print: 2381-1013 ISSN Online: 2381-1021

American Journal of Agricultural Science

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Profitability of Rice Production Among Small-Scale Rice Producers in Ghana

American Journal of Agricultural Science
Vol.4 , No. 1, Publication Date: Jun. 3, 2017, Page: 13-17

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Authors

[1]	Kwaku Dei Antwi, Department of Agricultural and Applied Economics, Texas Tech University, Lubbock-Texas, USA.
[2]	Olumide Aborisade, Department of Agricultural and Applied Economics, Texas Tech University, Lubbock-Texas, USA.

Abstract

This study was designed to assess the profitability of rain-fed rice production among small-scale farmers and to analyze the determinants of the profitability of rice production in the Shama-Ahanta East District of Ghana. Using structured questionnaire, a multistage sampling procedure was used to collect primary data from 320 small-scale rice farmers from five communities in the District. Data were analyzed by means of non-parametric statistics, the farm budgeting technique and the normalized profit function model. A mean gross margin of GHC 895, a net of GHC 536 and a BCR of 1.56 show that rain-fed rice production is a profitable enterprise. Statistically significant (p<0.05) determinants of the profitability of rice production include age, per unit price of labor, per unit price of output, farm size, and access to agricultural extension services.

Keywords

Farm Budget, Benefit-Cost-Ratio, Profitability, Small-Scale, Ghana

Reference

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