An Empirical Analysis of Sorghum Supply and Pricing Mechanisms as a Basis for Enhancing its Bio-Resources

Abstract

Secondary data, estimated with Nerlovian adaptive expectation and partial adjustment models, were used to compute planned and achieved acreage as well as expected price of sorghum in Nigeria for the period 1961 to 1997. Results show that there was no convergence between the factors studied due to conflict in policies adopted by the authorities. Also, there has not been commensurate increase in sorghum acreage because the increase in the cost of inputs outweighed the increase in the price of sorghum. The critical inputs that need attention in sorghum production are seed, labour and fertilizer. Policy actions, which will increase supply and reduce cost of production and enhance self-sufficiency by 2010, have been advocated.

Publication
Journal of Sustainable Tropical Agricultural Research 9:49-54
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Adaptive expectation Partial adjustment Convergence bio-resources Pricing policy Historical simulation Critical inputs
Job Nmadu
Professor of Agricultural Economics and Dean, School of Agriculture and Agricultural Technology

Research interests are economic efficiencies of small scale farming and welfare effects of agricultural interventions.

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