*Corresponding author. E-mail: agirejo@yahoo.com

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The study was to analyze the economics of groundnut production in Hong Local Government Area of Adamawa state, Nigeria. Data were collected from 100 respondents using simple random sampling technique. However, both descriptive (frequency, percentage and mean) and inferential statistics was used for analyzing the data generated from the study. Gross margin analysis was used to estimate cost and returns from groundnut production for the study. The findings revealed that male farmers dominated groundnuts farming in the study area which constituted 57% of the respondents and the study further revealed that they had acquired one form of formal education or the other. The result also shows that Groundnut production was profitable in the study area as demonstrated by the results which gave total revenue (TR), Gross margin (GM) and Net farm income (NFI) per hectare as N90, 843.75, N31, 363.75 and N29, 003.75 respectively. The study therefore recommends that for profit maximization, farmers should procure their inputs requirement from a competitive market and should make use of the available organic manure to minimize cost of production where available. Government and private sector should strengthening their partnership and finance researches that will lead to excellent and effective processing and storage of the product as well as organizing outgrowers to same as source of certified seeds for multiplication and dissemination to farmers.

Key words: Economic, Analysis, Groundnut, Production, Adamawa State, Nigeria.

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Citation: Girei NAA, Dauna Y, Dire B (2013). An economic analysis of groundnut (Arachis hypogea) production in Hong Local Government Area of Adamawa State, Nigeria. J. Agric. Crop Res. 1(6): 84-89.