The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.
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Science Journal of Business and Management (Volume 3, Issue 5-1)
This article belongs to the Special Issue Sustainable Entrepreneurial Developments in Agribusiness |
| DOI | 10.11648/j.sjbm.s.2015030501.14 |
| Page(s) | 16-20 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Oil Palm, Returns, Production, Processing, Hectare
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APA Style
Bello R. S., Bello M. B., Essien B. A., Saidu M. J. (2015). Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Science Journal of Business and Management, 3(5-1), 16-20. https://doi.org/10.11648/j.sjbm.s.2015030501.14
ACS Style
Bello R. S.; Bello M. B.; Essien B. A.; Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci. J. Bus. Manag. 2015, 3(5-1), 16-20. doi: 10.11648/j.sjbm.s.2015030501.14
AMA Style
Bello R. S., Bello M. B., Essien B. A., Saidu M. J. Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria. Sci J Bus Manag. 2015;3(5-1):16-20. doi: 10.11648/j.sjbm.s.2015030501.14
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Download@article{10.11648/j.sjbm.s.2015030501.14,
author = {Bello R. S. and Bello M. B. and Essien B. A. and Saidu M. J.},
title = {Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria},
journal = {Science Journal of Business and Management},
volume = {3},
number = {5-1},
pages = {16-20},
doi = {10.11648/j.sjbm.s.2015030501.14},
url = {https://doi.org/10.11648/j.sjbm.s.2015030501.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030501.14},
abstract = {The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area.},
year = {2015}
}
TY - JOUR T1 - Economic Potentials of Oil Palm Production and Machinery Use in UDI, Enugu State, Nigeria AU - Bello R. S. AU - Bello M. B. AU - Essien B. A. AU - Saidu M. J. Y1 - 2015/08/27 PY - 2015 N1 - https://doi.org/10.11648/j.sjbm.s.2015030501.14 DO - 10.11648/j.sjbm.s.2015030501.14 T2 - Science Journal of Business and Management JF - Science Journal of Business and Management JO - Science Journal of Business and Management SP - 16 EP - 20 PB - Science Publishing Group SN - 2331-0634 UR - https://doi.org/10.11648/j.sjbm.s.2015030501.14 AB - The economic potential of oil palm production and machinery-use in Udi Local Government Area Enugu State, Nigeria has been investigated. Questionnaires, personal work and oral interview were used as means of information retrieval. Statistical tool were used in data analysis. Farm holding/ownerships are of three categories; Individual (small holding (68%)), communal (medium holding (23%)) and cooperative efforts (large scale holdings (9%)) from social groups and friends reduce economic cost on labour. A larger percentage of the small scale holders (40%) inherited the farm while (5%) claimed ownership of establishing the farm. About 20% operate on rental arrangements and 30% communally owned. The result of the profitability analysis in palm oil processing in the area showed an increased trend in profitability while factors like transport costs, high cost of plantation rentals, and poor extraction processes were most critical to inhabiting profitable palm oil processing in the area. VL - 3 IS - 5-1 ER -
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