Comparative technical efficiency of insured and uninsured cocoa farm operators in Ondo State Nigeria.

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dc.contributor.authorFalola, A.
dc.contributor.authorBanjoko, I. K.
dc.contributor.authorBabalola, O. A.
dc.date.accessioned2019-10-18T08:48:42Z
dc.date.available2019-10-18T08:48:42Z
dc.date.issued2014
dc.description.abstractThis study evaluates the technical efficiency of insured and uninsured cocoa farm operators in Ondo State, Nigeria. Study data were obtained from 60 insured and 60 uninsured farm operators. Descriptive statistics, stochastic frontier production function and t-test were used for the data analysis. The mean technical efficiency of the insured farm and uninsured farm operators was 76% and 70% respectively. Evidence from the t-test revealed that there was a significant difference between the technical efficiency of the insured and uninsured farm operators (t-cal. = 2.513; p = 0.012). The significant determinants for the output of the insured farm operators were farm size and the cost of pesticides while only the cost of pesticides was significant in determining output for the uninsured farm operators. The study therefore recommends policies aimed at promoting agricultural insurance among cocoa farmers, reducing the cost of pesticides, increasing farm size as well as encouraging young and well-educated individuals to insure their farming activities.en_US
dc.identifier.citation38. Falola, A., Banjoko, I. K. & Babatola, O. A. (2014): Comparative technical efficiency of insured and uninsured cocoa farm operators in Ondo State Nigeria. Journal of Agricultural Science, 59(3):341-351. Published by Faculty of Agriculture , University of Belgrade. Available online at http://joas.agrif.bg.ac.rs/sites/joas.agrif.bg.ac.rs/files/article/pdf/388-11-687._falola_et_al..pdfen_US
dc.identifier.urihttp://hdl.handle.net/123456789/2747
dc.language.isoenen_US
dc.publisherFaculty of Agriculture , University of Belgrade.en_US
dc.subjectCocoaen_US
dc.subjecttechnical efficiencyen_US
dc.subjectdeterminantsen_US
dc.subjectagricultural insuranceen_US
dc.titleComparative technical efficiency of insured and uninsured cocoa farm operators in Ondo State Nigeria.en_US
dc.typeArticleen_US

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