ECONOMIC ANALYSIS OF PROCESSING AND MARKETING OF GROUNDNUT PRODUCT IN KWARA STATE, NIGERIA.

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ABSTRACT

The study assessed the economic analysis of processing and marketing of groundnut products in Kwara state. A multistage sampling technique was employed to select 100 respondents, data collected for the study include information on socioeconomic characteristics, gross margin and factors that makes for the profit from the Enterprise .the tools of analysis employed for data interpretation were descriptive statistics and multiple regression analysis .findings reveal that Age(B=0.089** p<0.05) marital status (B=0.115**P<0.05),years of experience (0.077**P<0.05), Ownership structure (B=0.059**P<0.05) significantly influence profitability of groundnut processing and marketing.

The major constraints militating against the processors were lack of government support, access to credit and high cost of equipments.it was concluded that groundnut processing and marketing was profitable and some economic characteristics influence the level of profit realized. The recommendation put for this study were that the processors and marketers should be enlightened to form cooperative that will assist in linking them for better access to credit and subsidized rate of purchasing equipment so as to enable the ease of production.

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