Table 10 Return on assets, land and labour management per cropping system (per hectare)
Farm assets | Value of assets (GH¢) used per ha of cocoyam production (2014/2015) | ||
|---|---|---|---|
Sole cropping | Intercropping | Pooled | |
Land | 4284 | 4284 | 4284 |
Equipment and machinery | |||
Cutlass | 37.7 | 37.7 | 37.7 |
Sacks | 34 | 34 | 34 |
Baskets | 55 | 55 | 55 |
Hoes | 30 | 30 | 30 |
Sprayer | 70 | 70 | 70 |
Total assets/investmentA | 4510.7 | 4510.7 | 4510.7 |
Analysis of return on key resources | |||
Net farm profitB | 5103.5 | 4462.1 | 4824 |
Interest expenses | – | – | – |
Value of unpaid labour and managementC* | 3660 | 3268 | 3787 |
Return to assets (A–B)D | 1514 | 895 | 1037 |
Rate of return on investment (ROI) (D/A) % | 29.1 | 21.2 | 24.1 |
Opportunity cost of unpaid labour and mgt | 3660 | 3268 | 3787 |
Opportunity cost of capital (at 25%) | 1127.7 | 1127.7 | 1127.7 |
Total capital less land | 226.7 | 226.7 | 226.7 |
Opportunity cost of capital less land | 56.7 | 56.7 | 56.7 |
Return to land | 1457.3 | 838.3 | 980.3 |
Return to unpaid labour and mgt | 4046.3 | 3035.3 | 3696.3 |
Return to per unit unpaid labour and mgt | 25.3 | 21.7 | 24.6 |