Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions

Noufou Coulibaly; Kone Siaka; Yapi Yapo Magloire; Toure Sally

doi:doi:10.11648/j.eco.20190803.12

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Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions

Noufou Coulibaly, Kone Siaka, Yapi Yapo Magloire, Toure Sally

Published in Economics (Volume 8, Issue 3)

Received: 17 June 2019 Accepted: 18 July 2019 Published: 10 August 2019

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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.

Published in	Economics (Volume 8, Issue 3)
DOI	10.11648/j.eco.20190803.12
Page(s)	98-105
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Good Agricultural Practices, Profitability, Cashew Farming, Côte d'Ivoire

References

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[3]	Chiapo A. (2018), «Déterminants de l’adoption des bonnes pratiques agricoles par les producteurs d’anacardes en Côte d’Ivoire».
[4]	Ouattara G. M. (2017), «Les déterminants de l’adoption de certaines bonnes pratiques culturales avant récolte de la noix de cajou en Côte d’Ivoire», iosr journal of economics and finance (iosr-jef).
[5]	Eddy B (2017), «Evaluation de la rentabilité économique et financière des exploitations d’anacardiers en Côte d’Ivoire», revue internationale de gestion et d’économie série b – économie / issue 3 - volume 2 - December 2017 / pp. 127-154.
[6]	Paraïso A. A., Sossou A. C. G., Yegbemey R. N. et Biaou G. (2010), «Analyse de la rentabilité de la production du fonio (digitaria exilis s.) dans la commune de boukombé au Benin, j. Rech. Sci. Univ. Lomé (togo)», série a, 13 (1): pp. 27-37.
[7]	National Institute of Statistics, (2017), «Etude économique et financière des entreprises en 2015 15 ème Edition» Yaoudé, Cameroun P22.
[8]	Caroline K. P. Séhouéto et al (2015), «Évaluation technico-économique de la production de plants de teck (Tectona grandis L. f.) dans les pépinières villageoises au Sud-Bénin» Publication, Biotechnol. Agronon. Soc. Environ., 2015 19 (1); P32-41.
[9]	Agba l. & Odoun-Ifa A. A. (2002)., «Analyse de la rentabilité économique de la production du coton dans quelques systèmes d'exploitation du Bénin».
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[12]	Ayena M. & Yabi A. J. (2013), «Typologie et rentabilité économique des exploitations agricoles participant au conseil à l’exploitation familiale», p18.
[13]	Some L. F. M. C (2014)., «Analyse socio-économique des systèmes de production d'anacarde au Burkina Faso: cas des régions des cascades et des hauts-bassins», mémoire de fin de cycle en vue de l'obtention du diplôme d'ingénieur du développement rural, master option: sociologie et économie rurale; p66.
[14]	Asala S. W. 1 * and Ebukiba E. S. 2, (2016), «Profitability of yam production in Southern Guinea Savanna zone of Nigeria», Net Journal of Agricultural Science Vol. 4 (1), pp. 9-14.
[15]	Silué N. Z., Dao D., Kouamé V. H. K., Koné M. (2019), «Analyse de la rentabilité économique des systemes de production à base d’igname: cas des sites de Leo et Midebdo au Burkina Faso», Agronomie Africaine 31 (1): 1–14.
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Noufou Coulibaly, Kone Siaka, Yapi Yapo Magloire, Toure Sally. (2019). Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions. Economics, 8(3), 98-105. https://doi.org/10.11648/j.eco.20190803.12

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ACS Style

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. Economics. 2019, 8(3), 98-105. doi: 10.11648/j.eco.20190803.12

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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. Economics. 2019;8(3):98-105. doi: 10.11648/j.eco.20190803.12

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@article{10.11648/j.eco.20190803.12,
  author = {Noufou Coulibaly and Kone Siaka and Yapi Yapo Magloire and Toure Sally},
  title = {Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions},
  journal = {Economics},
  volume = {8},
  number = {3},
  pages = {98-105},
  doi = {10.11648/j.eco.20190803.12},
  url = {https://doi.org/10.11648/j.eco.20190803.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20190803.12},
  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.},
 year = {2019}
}

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TY  - JOUR
T1  - Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions
AU  - Noufou Coulibaly
AU  - Kone Siaka
AU  - Yapi Yapo Magloire
AU  - Toure Sally
Y1  - 2019/08/10
PY  - 2019
N1  - https://doi.org/10.11648/j.eco.20190803.12
DO  - 10.11648/j.eco.20190803.12
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 98
EP  - 105
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20190803.12
AB  - 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.
VL  - 8
IS  - 3
ER  -

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Author Information

Noufou Coulibaly

Management and Applied Economics Department, Houphou?t Boigny National Polytechnic Institute, Yamoussoukro, C?te d’Ivoire
Kone Siaka

Management and Applied Economics Department, Houphou?t Boigny National Polytechnic Institute, Yamoussoukro, C?te d’Ivoire
Yapi Yapo Magloire

Agriculture and Animal Science Department, Houphou?t Boigny National Polytechnic Institute, Yamoussoukro, C?te d’Ivoire
Toure Sally

College of Agronomy, Agro-economy Section, Houphou?t Boigny National Polytechnic Institute, Yamoussoukro, C?te d’Ivoire

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Noufou Coulibaly, Kone Siaka, Yapi Yapo Magloire, Toure Sally. (2019). Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions. Economics, 8(3), 98-105. https://doi.org/10.11648/j.eco.20190803.12

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ACS Style

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. Economics. 2019, 8(3), 98-105. doi: 10.11648/j.eco.20190803.12

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AMA Style

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. Economics. 2019;8(3):98-105. doi: 10.11648/j.eco.20190803.12

Copy | Download

@article{10.11648/j.eco.20190803.12,
  author = {Noufou Coulibaly and Kone Siaka and Yapi Yapo Magloire and Toure Sally},
  title = {Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions},
  journal = {Economics},
  volume = {8},
  number = {3},
  pages = {98-105},
  doi = {10.11648/j.eco.20190803.12},
  url = {https://doi.org/10.11648/j.eco.20190803.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20190803.12},
  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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Analysis of the Financial Profitability of Cashew Farms in Côte d’Ivoire: Case of the Gbêkê, Hambol, Poro and Worodougou Regions
AU  - Noufou Coulibaly
AU  - Kone Siaka
AU  - Yapi Yapo Magloire
AU  - Toure Sally
Y1  - 2019/08/10
PY  - 2019
N1  - https://doi.org/10.11648/j.eco.20190803.12
DO  - 10.11648/j.eco.20190803.12
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 98
EP  - 105
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20190803.12
AB  - 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.
VL  - 8
IS  - 3
ER  -

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