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Resource-use and allocative efficiency of paddy rice production in MADA, Malaysia


Citation

Adedoyin, Abiola Olapeju and Shamsudin, Mad Nasir and Radam, Alias and Abd. Latif, Ismail (2016) Resource-use and allocative efficiency of paddy rice production in MADA, Malaysia. Journal of Economics and Sustainable Development, 7 (1). pp. 49-55. ISSN 2222-1700; ESSN: 2222-2855

Abstract / Synopsis

The study examined resource-use and allocative efficiency of paddy rice production in the MADA, Malaysia. A total sampling size of 396 rice farmers were selected using a multistage random sampling through a well-structured questionnaire. The independent samples F-tests, Ordinary Least Square analyses techniques, descriptive statistics, Gross margin analysis and Cobb-Douglas production function analysis that combines the conventional neoclassical test of economic and technical efficiencies was employed in the study. Findings revealed that all inputs used were positively significant. Rice production was found to be profitable as farmers realized RM2,054.03 per ha as Gross Margin in the study area. Result of the allocative efficiency of inputs confirmed that rice producers in the area did not attain optimal allocative efficiency, seed input (0.29) had the highest allocative efficiency while fertilizer input (0.06) showed the least allocative efficient input. The findings of the study emphasized the need to improve farm efficiency at all levels. It is therefore, recommend that the rice farmers be encouraged to use their inputs up to the point the values of the marginal products (MVPs) equates their factor prices (i.e. MVPs = PXs).


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Additional Metadata

Item Type: Article
Divisions: Faculty of Agriculture
Faculty of Economics and Management
Publisher: International Institute for Science, Technology & Education
Keywords: Resource-use; Allocative efficiency; Paddy rice; MADA; Malaysia
Depositing User: Nabilah Mustapa
Date Deposited: 31 Jul 2017 17:52
Last Modified: 31 Jul 2017 17:52
URI: http://psasir.upm.edu.my/id/eprint/56458
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