A price analysis of the agricultural sector of Western States, Nigeria

The recent growth of the oil sector has had a major impact on Nigerian agriculture, through increases in food demand and demand for unskilled labor . Food prices and labor wage rates have increased at unprecedented rates during the 1970's. This study examines the seasonality of agricultural product prices, and the supply response to higher prices during the 1970 's in Western Nigeria. Seasonal price patterns became more v ariable, though seasonality is still present. The unreliability of national and regional production data preclude a statistical estimation of supply response. Nevertheless, the inflexibility of the production coefficients, as indicated by farm management surveys, indicates it is inelastic. Aggregate agricultural surveys must be improved before agricultural policy can be effectively formulated.

AZU_TD_BOX71_E9791_1981_32.pdf (2.87 MB)

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