An Economic Analysis of the Food Grain Market in Adamawa State, Nigeria

Abstract

Abstract: The study examined the food grain market in Adamawa State. Specifically, the participants in the market were identified and the performance of the food grain market was determined. Primary data were collected from 117 respondents who were randomly sampled from markets in Yola North, Yola South and Girei local government areas of Adamawa State. The data were analysed using descriptive statistics, the multiple regression model and the operational efficiency formula. Results of the analysis revealed operational efficiency was found to be 254.7 percent indicating that the food grain market is highly efficient in its operations. Among the problems affecting the food grain marketing in Adamawa State, the poor transportation network was identified as the most severe. Hence, it was recommended that Government should encourage the private sector initiative in providing transportation by assisting in provision of credit facility to enable the private sector operators to procure means of transport. Key words: Marketing food grains structure and performance