Transaction Costs and Agricultural Household Supply Response of Maize Farmers in Ogbomoso Agricultural Zone of Oyo State

Authors

  • J. A. Oladejo Department of Agricultural Economics and Extension, Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria

Keywords:

Transaction costs, supply response, maize farmers, food security

Abstract

This research was an attempt to determine the magnitude and the direction to which the level of transaction costs influence changes in maize supply in the study area. Multi-stage random sampling technique was employed to select 110 maize producing farmers for the study. Data for the study were collected using structured interview schedule and analyzed using descriptive statistics and estimation of Cobb-Douglas regression model. The result showed that mean age for respondents was 45.8 years while more than half of them were literates. The major source of finance for the farmers was personal savings while the mean land area cultivated was 2.1 ha. The results of the regression analysis showed that significant relationships exist between transaction costs and agricultural household supply response in the study area. The average fixed and proportional trans­action costs were N 2960.82 and N 15906.58, respectively.

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Published

2010-12-07

How to Cite

1.
Oladejo JA. Transaction Costs and Agricultural Household Supply Response of Maize Farmers in Ogbomoso Agricultural Zone of Oyo State. IJBSM [Internet]. 2010 Dec. 7 [cited 2025 Sep. 21];10(Dec, 3):153-8. Available from: https://ojs.pphouse.org/index.php/IJBSM/article/view/81

Issue

Vol. 10 No. Dec, 3 (2010)

Section

Articles

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