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International Journal of Economics & Management Sciences

.: Home > International Journal of Economics & Management Sciences > 2011 > Volume 1 Number 11 > Sunday B. Akpan1 Ini-mfon V. Patrick1and Daniel E. John2

Empirical Relationship Between Trends In Cash Crop Output Volatility And Agricultural Policyperiods In Nigeria

Sunday B. Akpan1 Ini-mfon V. Patrick1and Daniel E. John2
1Department of Agricultural Economics and Resources Management, Akwa Ibom state University, IkotAkpaden, MkpatEnin, Akwa Ibom state, Nigeria. 2Department of Agricultural Economics and Extension, University of Uyo, Akwa Ibom state, Nigeria.
Abstract :

The study analyzed cash crop output volatility in different agricultural policy programme periods from 1961 to 2010 in Nigeria. Descriptive analysis and analysis of variance model was used to analyze the specific objectives.The results reveal that, the Pre-Operation Feed the Nation period (1961-1976) and Structural Adjustment Programme (1986-1993) period were the most volatile policy periods for most cash crop outputs in the country. Whereas, cash crop outputs were most stable during the Operation Feed the Nation period (1976- 1979) and Green Revolution period (1980-1985). The result further reveals that the mean cash crop output volatility during post structural adjustment programme period was significantly different from other policy periods for most cash crop exception of coffee. The result implies that the impact of the current post structural adjustment agricultural policy on Cotton, Groundnut, Cocoa, Rubber and Oil palm crop output volatility in the country differs significantly from some previous agricultural policy programme periods. The result established the fact that the agricultural policy programmes actually influenced key cash crop outputs and their volatility; but these influences were mixed and inconsistence across cash crop enterprises and policy programme periods in the country. Following the results, we recommend that government should formulate appropriate specific cash crop policy packages as part of the holistic agricultural policy programme. This kind of policy programme would ensure quick intervention and promote result oriented cash crop policy programme in the country. 

Keywords :
Cash crop, Output, Volatility, Policy, Nigeria

Date Deposited : 20 May 2016 19:05

Last Modified : 20 May 2016 19:05

Official URL: http://www.omicsonline.com/

Volume 1, Number 11, November 2011 , ISSN 2162-6359

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