Effect of Price Variation in Agricultural Produce on Farmers’ Profitability in Wukari and Ibi Local Government Areas of Taraba State

Abstract

This study examined the price variation in agriculture produce and how it can enhance farmers’ profitability in Wukari and Ibi Local Government Areas, Taraba State. The study sampled 355 respondents adopted simple random sampling technique to collect data. The data were analyzed using multiple regression with the aid of SPSS 23. The study revealed that, price variation in agricultural produce positively influenced the income of farmers and investment decision in Wukari and Ibi Local Government Areas, Taraba State. This finding signifying that price variation of agricultural produce contributes to higher income levels and investment decision for farmers. In such a sense, farmers’ investment decision and income is determined by price variation in the markets. The study suggests that, there is need for government agencies, marketing officers and other stakeholders to provide marketing information to farmers from time to time to be aware of price variation of agricultural produce. Such a move will increase farmers’ investment decision and yearly income of famers in Wukari and Ibi Local Government Area, Taraba State.