Authors : Babatunde O. Ajiboye, Abigail G. Adeyonu, Joshua O. Ajetomobi and Samuel O. Binuomote
Abstract: This study investigates the supply response and elasticity of selected staple food crop in Nigeria: evidence from FAO, 1995-2017. The study is based on secondary data source from Food and Agricultural Organization (FAO). The time series data was sourced from 1970-2015. Supply response in agriculture presents the agricultural output response to changes in agricultural price and all agricultural incentives, therefore, this study investigated the yield response of maize to price change for over 20 years. The highest production of maize was recorded in Kaduna, Niger and Taraba State of Nigeria while the lowest acreage cultivated to maize was found in Lagos and Bayelsa. The results shows that the relationship between the short run and long run elasticity for output response of maize is negatively inelastic. This shows that it is not price responsive.
Babatunde O. Ajiboye, Abigail G. Adeyonu, Joshua O. Ajetomobi and Samuel O. Binuomote, 2019. Supply Response and Elasticity of Selected Staple Food Crop in Nigeria: Evidence from FAO, 1995-2017. Agricultural Journal, 14: 25-29.