Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria

Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria ( Vol-3,Issue-3,May - June 2018 )

Author: Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo

ijeab doi crossref DOI: 10.22161/ijeab/3.3.29

Keyword: Analysis; soyabeans marketing; marketing margin; Benue State.

Abstract: The study examined the marketing margin of soyabeans marketers in Benue State, Nigeria. A sampling frame of 914 registered soyabeans marketers was obtained from soyabeans marketers association in the study area. Stratified random sampling techniques was employed to obtain 278 market actors (producer-marketers, wholesalers and retailers) for the study. Data were collected with the use of a well structured questionnaire and analyzed using descriptive and inferential statistics. The result on market conduct, showed that all the respondents (100 %) agreed that they sold their soyabeans immediately after harvest, they rely on family or personal savings for business finance, they do not advertise their soyabeans for sell and they have not attended any training on soyabeans. The result further showed a marketing margin of N88.91, N85.78 and N85.99 respectively. The major problems faced by soyabeans marketers in the study area include inadequate capital, high transportation cost, lack of access to credit facilities, heavy imposition of taxes or levies and poor storage and warehousing facilities. It was recommended that soyabeans marketers in the study area should form cooperative society to have access to loan from both formal and informal sources for better capital base and higher output. In conclusion soyabeans marketing is a profitable and efficient business, with attractive net return on investment in the study area.

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Cite this Article:

MLA

Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo et al."Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878),vol 3, no. 3, 2018, pp.0944-0950 AI Publications doi:10.22161/ijeab/3.3.29

APA

Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo, P.(2018).Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).3(3), 0944-0950.10.22161/ijeab/3.3.29

Chicago

Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo, P.(2018).Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria. International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).3(3), pp.0944-0950.

Harvard

Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo. 2018."Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria". International Journal of Environment Agriculture and Biotechnology(ISSN: 2456-1878).3(3):0944-0950.Doi:10.22161/ijeab/3.3.29

IEEE

Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo."Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria", International Journal of Environment Agriculture and Biotechnology,vol.3,no. 3, pp.0944-0950,2018.

Bibtex

@article { udehmonica2018analysis,
title={Analysis of the Marketing Margin of Soyabeans in Benue State, Nigeria},
author={Udeh Monica, Christopher Elaigwu Ogbanje, Olotu Olafemi Ayopo , R},
journal={International Journal of Environment Agriculture and Biotechnology},
volume={3},
year= {2018} ,
}