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Sanusi Mohammed Sadiq
Department of Agricultural Economics and Extension, FUD, Dutse
Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance

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DOES THE LAW OF ONE PRICE (LOP) HOLDS IN THE INTERNATIONAL BARLEY MARKETS Sanusi Mohammed Sadiq; P I Singh; M M Ahmad
Agricultural Socio-Economics Journal Vol 21, No 4 (2021): OCTOBER
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2020.021.4.1

Abstract

A price time-series data of barley for a period of 49 years (1970-2019) sourced from the FAO database was used to determine the horizontal market integration of barley among some selected major market players in barley trade in the world. The chosen markets are Australia, Canada, Iran, Turkey and the USA based on the availability of up-to-date large span data. The collected data were analyzed using inferential statistics- unit root tests, co-integration tests, unrestricted vector autoregressive model, Granger causality test and impulse response function. The empirical evidence showed that the law of one price (LOP) exists among the selected markets i.e. there is perfect price communication among the markets in the long run, thus highly integrated. Besides, Australian and Canadian markets established a long-run equilibrium, thus have a stable price in the long run. Furthermore, the import and export hubs of barley in the trade are Canadian, USA and Turkey markets while Iranian and Australian markets are large consumer markets. The empirical evidence showed Canadian and USA markets to be the major players in the trade while the Australian market is a follower in the trade. All the selected markets have promising future prices with a little inflationary trend which will owe to supply fluctuation. The reinforcement of physical infrastructure, the use of ICTs and well-defined consistent agricultural policy/market initiatives would thus lead to the global creation of a single uniform economic market for barley.
NAVIGATING FISH FOOD INSECURITY BY SIMULTANEOUS HOUSEHOLD AND MARKETED SURPLUS-LED PRODUCTIONS IN KOGI STATE OF NIGERIA Sanusi Mohammed Sadiq; I P Singh; M M Ahmad
Agricultural Socio-Economics Journal Vol 21, No 1 (2021): JANUARY
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2021.021.1.6

Abstract

The study determined the factors influencing simultaneously household and marketed surplus-led fish production in Nigeria’s Kogi State using cross-sectional data collected from 105 fish farmers. The sample size was achieved using a multi-stage sampling technique and the collected data were elicited viz. structured questionnaire complemented with interview schedule. Both descriptive and inferential statistics were used to achieve the conceptualized objectives. Empirical evidences showed that marketed surplus-led fish production was affected by less risky non-farm incomes with high income turnover and capital paucity. However, marketable surplus-led production was enhanced by enlarged income, readily available demand that matches the supply and entrepreneurship zeal among the youthful population in the studied area. In view of the foregoing, the research recommends the need to strengthen the value chain of fish marketing so as to contain any challenge viz. market imperfection which in the long-run will jeopardize market-orientation of fish farming which is nascent among most of the farmers in the studied area. In addition, there is need to address gender inequality in order to arrest poverty vulnerability among women folk viz. budget gender mainstreaming so as to achieve growth and development which are pre-requisite for globalization.
PROFITABILITY AND CONSTRAINTS OF IFAD/VCD RICE PROJECT AMONG SMALLHOLDER FARMERS IN NIGER STATE OF NIGERIA Sanusi Mohammed Sadiq; P I Singh; M M Ahmad; B J Yunnusa; M S Egba
Agricultural Socio-Economics Journal Vol 21, No 3 (2021): JULY
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2021.021.3.4

Abstract

Failure to sustain most of the rural poor and food security programmes in Nigeria after their life span is due to poor productivity of the capital investment of a project to generate a remunerative income to sustain a typical agrarian farming household in Nigeria. Thus, to critically investigate this hypothetical proposition, this research aimed at evaluating the viability of the IFAD rice project among the beneficiaries in Niger State of Nigeria. Undated data of the 2018 rainfed cropping season was elicited from 111 farmers through a multi-stage sampling technique and the information were collected viaa structured questionnaire complemented with an interview schedule. Both descriptive and inferential statistics were used to analyze the data collected. The empirical results showed that the rice project in the study area is likely not to be sustained after the stipulated time frame for the programme as inspite of the programme aim of doubling farmers’ income viz. value chain. The capital investment is not productive to sustain an average farming household composed of 8 persons having an operational holding of less than two hectares. Therefore, the study recommends provision of consumption credit in addition to the production credit advanced to the farmers in order to make the capital investment viable so that its turnover after each production season will be consistently re-invested into the rice project and possibility of a farmer taken-up additional activities along the chain, thus keeping the business going concern viable and sustainable.
PRODUCTIVITY GAP BY GENDER AMONG RICE FARMERS IN NORTH-CENTRAL NIGERIA Sanusi Mohammed Sadiq; P I Singh; M M Ahmad
Agricultural Socio-Economics Journal Vol 21, No 2 (2021): APRIL
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2021.021.2.7

Abstract

The present research used a field survey data of 2020 rice cropping season to determine yield gap by gender among rice farmers in North-Central Nigeria. A total of 376 farmers were drawn from a sampling frame through a multi-stage sampling technique and a structured questionnaire coupled interview schedule was used for information elicitation. Both descriptive and inferential statistics were used for data analysis. The empirical evidences showed that most of the farmers have negative attitudes towards risk and this owes to poor resource capital base, thus hinders cultivation of economic holdings. Besides, women farmers were more averse to risk than the men farmers which owes largely to gender discrimination and stereotype induced by culture and religion, thus hindered their access to and control over productive resources. Furthermore, neither gender nor risk attitudinal differentials have impact on the average yield of the farmers. However, it was established that yield gap was largely due to gender and risk attitudinal discriminations. Therefore, the study enjoins the farmers, especially the women folk to harness social capital viz. participation in co-operative association- pecuniary advantages, thus enable them to have access to and control over productive. In addition, the policymakers are advised to create an enabling agricultural environment for the women folk viz. gender budget mainstreaming, thus tackling women farmers’ susceptibility to the vicious cycle of poverty.
PRODUCTIVITY GAP BY GENDER AMONG RICE FARMERS IN NORTH-CENTRAL NIGERIA Sanusi Mohammed Sadiq; P I Singh; M M Ahmad
Agricultural Socio-Economics Journal Vol. 21 No. 2 (2021): APRIL
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2021.021.2.7

Abstract

The present research used a field survey data of 2020 rice cropping season to determine yield gap by gender among rice farmers in North-Central Nigeria. A total of 376 farmers were drawn from a sampling frame through a multi-stage sampling technique and a structured questionnaire coupled interview schedule was used for information elicitation. Both descriptive and inferential statistics were used for data analysis. The empirical evidences showed that most of the farmers have negative attitudes towards risk and this owes to poor resource capital base, thus hinders cultivation of economic holdings. Besides, women farmers were more averse to risk than the men farmers which owes largely to gender discrimination and stereotype induced by culture and religion, thus hindered their access to and control over productive resources. Furthermore, neither gender nor risk attitudinal differentials have impact on the average yield of the farmers. However, it was established that yield gap was largely due to gender and risk attitudinal discriminations. Therefore, the study enjoins the farmers, especially the women folk to harness social capital viz. participation in co-operative association- pecuniary advantages, thus enable them to have access to and control over productive. In addition, the policymakers are advised to create an enabling agricultural environment for the women folk viz. gender budget mainstreaming, thus tackling women farmers’ susceptibility to the vicious cycle of poverty.
DOES THE LAW OF ONE PRICE (LOP) HOLDS IN THE INTERNATIONAL BARLEY MARKETS Sanusi Mohammed Sadiq; P I Singh; M M Ahmad
Agricultural Socio-Economics Journal Vol. 21 No. 4 (2021): OCTOBER
Publisher : Socio-Economics/Agribusiness Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.agrise.2020.021.4.1

Abstract

A price time-series data of barley for a period of 49 years (1970-2019) sourced from the FAO database was used to determine the horizontal market integration of barley among some selected major market players in barley trade in the world. The chosen markets are Australia, Canada, Iran, Turkey and the USA based on the availability of up-to-date large span data. The collected data were analyzed using inferential statistics- unit root tests, co-integration tests, unrestricted vector autoregressive model, Granger causality test and impulse response function. The empirical evidence showed that the law of one price (LOP) exists among the selected markets i.e. there is perfect price communication among the markets in the long run, thus highly integrated. Besides, Australian and Canadian markets established a long-run equilibrium, thus have a stable price in the long run. Furthermore, the import and export hubs of barley in the trade are Canadian, USA and Turkey markets while Iranian and Australian markets are large consumer markets. The empirical evidence showed Canadian and USA markets to be the major players in the trade while the Australian market is a follower in the trade. All the selected markets have promising future prices with a little inflationary trend which will owe to supply fluctuation. The reinforcement of physical infrastructure, the use of ICTs and well-defined consistent agricultural policy/market initiatives would thus lead to the global creation of a single uniform economic market for barley.
Co-Authors B J Yunnusa I P Singh M M Ahmad M S Egba P I Singh