Browsing by Author "Hussaina Ummikhanni Mahmud, Nofiu Babatunde Nofiu and Aisha Mohammed Lafia"

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    ANALYSIS OF MARKET MARGINS AND MARKETING EFFICIENCY IN THE SOYBEAN SUPPLY CHAIN: EVIDENCE FROM BARUTEEN LGA, KWARA STATE
    (2024-06) Hussaina Ummikhanni Mahmud, Nofiu Babatunde Nofiu and Aisha Mohammed Lafia
    Soyabean is produced mainly in small holder farms in Baruteen LGA of Kwara State, but the soybean marketers in Baruteen are faced with a lot of challenges ranging from high transaction costs, fluctuations in soybeans prices, limited storage capacity, access to credit, down to inadequate distribution networks. This making profit maximization difficult. This study examines the market margin and efficiency of wholesaler soybean supply chain in Baruteen, Nigeria. Data for study were obtained from primary sources with the aid of a well-structured questionnaire. The study used cost-benefit analysis to estimate market margin and marketing efficiency of soybeans. Our results show that an average of 17.5bags were sold by marketers at every market day with average profit margin per marketer of ₦5,188, and a market margin of 33.14%. However, the marketing efficiency of soybean in the area is relatively low, at 15.37%. These findings suggest that while the sales of soybeans are profitable in Baruteen, there are inefficiencies in the marketing channel that need to be addressed in order to improve the performance of the soybean marketers. The study recommends strategies to improve marketing efficiency, such as reducing transaction costs, improving market access, and enhancing the productivity of soybean marketers.
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    DETERMINANTS OF PROFITABILITY IN SOYBEAN MARKETING IN BARUTEEN LGA, KWARA STATE
    (ICERFE A.B.U ZARIA, 2024-06-30) Hussaina Ummikhanni Mahmud, Nofiu Babatunde Nofiu and Aisha Mohammed Lafia
    Soybean is an important crop mostly produced in the middle belt zone in Nigeria. Baruteen LGA is one of the largest producers of soybeans in Kwara State. Moreso, soybeans marketing in Baruteen LGA faces numerous challenges that could significantly impact on its profitability; hence it became imperative to carry out the study. The study analyses the determinants of profitability in soybean marketing, it specifically describes the socioeconomic characteristics of soybean marketers and identifies the key factors influencing profitability. Data were collected from 110 soybean marketers through structured questionnaires and analysed using descriptive statistics and multiple regression analysis. The findings revealed that majority of the marketers (82.7%) were male with mean age of 44years and an average household size of 9 persons. Equally 56.4% had secondary education, with 6-10 years of marketing experience (51.8%). While the result of the multiple regression analysis showed that age and market experience of the respondents (marketers) are positively significant, while labour and transport are negative but significant. Also, R2 was 0.764, meaning 76.4% of the variables is well represented. Thus, the study concluded that Soyabeans marketing is done predominantly by men of moderate age with high level of marketing experience. Age, marketing experience, transportation and labour had significant effect on the level of profit.