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Cost Return Analysis of Cocoyam Production at NRCRI, Umudike

Okoye, B.C and Asumugha, G.N and Mbanaso, E.N.A (2006): Cost Return Analysis of Cocoyam Production at NRCRI, Umudike. Published in: Agricultural Society of Nigeria No. 41 (2007): pp. 511-513.

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Abstract

A cost return analysis of cocoyam production at the National Root Crops Research Institute Umudike showed that the enterprise is profitable. Labour constituted about 50% of total variable cost of production, which is the most important resource in cocoyam enterprise. A hectare cost of cocoyam production was N140, 114 while total revenue was N257, 400 and net return was N117, 286. The study showed that small-holder cocoyam enterprise is profitable by returning N1.27 for every N1.00 spent.

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