Volume 8, Issue 3, September 2019, Page: 98-105
Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions
Noufou Coulibaly, Management and Applied Economics Department, Houphouët Boigny National Polytechnic Institute, Yamoussoukro, Côte d’Ivoire
Kone Siaka, Management and Applied Economics Department, Houphouët Boigny National Polytechnic Institute, Yamoussoukro, Côte d’Ivoire
Yapi Yapo Magloire, Agriculture and Animal Science Department, Houphouët Boigny National Polytechnic Institute, Yamoussoukro, Côte d’Ivoire
Toure Sally, College of Agronomy, Agro-economy Section, Houphouët Boigny National Polytechnic Institute, Yamoussoukro, Côte d’Ivoire
Received: Jun. 17, 2019;       Accepted: Jul. 18, 2019;       Published: Aug. 10, 2019
DOI: 10.11648/j.eco.20190803.12      View  179      Downloads  37
Abstract
Low yields from cashew farms and producers’ low income led the coaching organisation represented by the Cotton and Cashew Board to question the impact of the implementation of good agricultural practices (GAPs) on yields and income. The objective of this work was to study the financial profitability of cashew production in some areas in Côte d'Ivoire. To achieve this goal, we analyzed GAPs using the scores method and assessed the financial profitability of farms using the budgeting method. The study took place in the GBEKE, HAMBOL, PORO and WORODOUGOU regions of Côte d'Ivoire, and the surveys were aimed at a total sample of 160 cashew farmers. The analysis of GAPs has shown that they are implemented at 54.7%. Also, their implementation has a positive impact on cashew yields because producers who strongly implement GAPs have the highest yields (716 kg/ha). The financial profitability has revealed that the average income was 157,529 CFA F/ha; the average cost of production was 165 CFAF/kg; and for 100 CFA F invested, the business generates 313 CFAF. Similarly, the implementation of GAPs also has a positive impact on income, because producers who strongly implement GAPs have the highest incomes, however they are the least financially profitable compared to those who implement GAPs less, because of the very high costs. Our results reflect the competing objectives of the coaching organisation that pursues farm capitalization, and of a destitute farm manager or producer who wants to maximize his profit. Productivity is a simple-looking indicator that measures the relationship between production and the factors required to achieve it. This is the primary indicator of the farmer's or farm manager's dashboard. For a destitute producer, local agricultural productivity is one of the drivers of economic growth; and the analysis of agricultural performance helps identify priorities to be defined in terms of agricultural strategies, accompanying measures, and support required. This leads them to be more rational in the use of production factors. In the light of the above, we recommend that the coaching organisations should, from this study, identify the main characteristics of cashew farms, in order to develop a base of financially profitable farms, with a view to guiding their support for cashew farmers.
Keywords
Good Agricultural Practices, Profitability, Cashew Farming, Côte d'Ivoire
To cite this article
Noufou Coulibaly, Kone Siaka, Yapi Yapo Magloire, Toure Sally, Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions, International Journal of Agricultural Economics. Vol. 8, No. 3, 2019, pp. 98-105. doi: 10.11648/j.eco.20190803.12
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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