Crimson Publishers Publish With Us Reprints e-Books Video articles

Abstract

Modern Concepts & Developments in Agronomy

The Economic Value of an Okra Plant

Submission: March 20, 2024;Published: April 05, 2024

DOI: 10.31031/MCDA.2024.14.000830

ISSN: 2637-7659
Volume14 Issue 1

Abstract

Okra cultivation is a prominent practice in Ghana due to its lucrative economic prospects. This study aimed to assess the cost and returns associated with okra cultivation. Results revealed that each okra plant yields profits of 4, 3, and 2 Ghana Cedis during lean, intermediate, and glut seasons, respectively. The average cost of cultivating okra was found to be GH 11,870 per hectare, with labor costs comprising the largest share at 56%, followed by seed costs at 5%. Variations in okra varieties did not significantly affect yield or revenue, as retailers commonly trade them based on quantity rather than weight. Okra production and marketing proved highly profitable for both farmers and stakeholders, contributing to tax revenues and employment opportunities. At the end of the value chain, each okra plant contributed 27.6 Ghana Cedis. On average, seasonal production yielded a net return of GH 180,424.7 per hectare for farmers and GH 333,306.8 for traders, with a notable Benefit-Cost ratio of 1:14. Returns could be realized within 10 to 12 weeks after harvest initiation. Mechanized seeding was recommended to ensure optimal plant population and sustained profitability. These economic insights into okra cultivation provide valuable information for farmers considering alternative crop choices. Additionally, the government can leverage okra production as a pro-poor policy initiative to alleviate poverty..

Keywords:

Okra; Yield; Profit; Price; Economic; Value

Get access to the full text of this article