Abstract
Maize output in Nigeria is declining and worsening economic situations continue to afflict rural households increasing the level of food insecurity. This study examined the determinants of profit among maize farmers in Osogbo ADP zone of Osun State, Nigeria. Primary data were sourced using a well-structured questionnaire from a total of 120 maize farmers. A two-stage sampling procedure was employed to select the farmers. The analytical tools used were descriptive statistics, farm budgetary techniques and regression analysis. The results showed that maize cultivation was dominated by male farmers with an average age of 50 ± 9.4 years. Additionally, less than 30.8% of the maize farmers had formal education above secondary school. The farming experience of the maize farmers was 14.7 ± 5.3 years and the average farm size was estimated at 7.85 ± 2.15 acres. The average farm income was N207 314.40 ± 23 290.95 with the Benefit-Cost Ratio (BCR) of 2.24. The major constraints of maize production, ranked based on their higher values of WMS, were the high labour costs, expenditures for pest and disease control, and the high costs of fertilizers The determinants of farm income that had positive relationship and were significant at 1% level of significance include years of formal education, expenditure on fertilizer while age of the framers negatively influenced the farm income. Also, the farm size and years of farming experience were positive and statistically significant to farm income at 5%. The study suggests a policy focus of training farmers in modern farming system and implement sustainable farm inputs subsidy programs.
Keywords: determinants, profit, maize, farmers, Nigeria