Table 4 Cost analysis on cocoyam production (hectare) by districts
Cost item | Average value (GH¢); GH¢ 1.00 = USD 0.29 (BoG, 2016) | % share of TVC (pooled) | % share of TC (pooled) | |||
|---|---|---|---|---|---|---|
Asante Akyem | Asunafo North | Fanteakwa | Pooled | |||
Variable cost | ||||||
Total labour cost | 1815 | 1825 | 1812 | 1818 | 60 | 54 |
Corm setts | 210 | 300 | 250 | 243 | 8 | 7 |
Herbicide | 107 | 142 | 101 | 108 | 9 | 8 |
Fertiliser | 214 | 355 | 189 | 261 | 3 | 3 |
Marketing costs | ||||||
Loading and offloading | 51 | 64 | 61 | 57 | ||
Market tolls/tickets | 49 | 50 | 60 | 52 | ||
Carriage/transportation | 306 | 274 | 826 | 488 | ||
Total marketing cost | 406 | 388 | 947 | 597 | 20 | 18 |
Total variable costA | 2752 | 3010 | 3299 | 3027 | ||
Fixed costs | ||||||
Land rent | 207 | 104 | 225 | 180 | 5 | |
Farm assets (cutlass, sacks, baskets) | 135 | 118 | 135 | 127 | 4 | |
Depreciation (hoes, sprayers) | 26 | 31 | 39 | 33 | 1 | |
Total fixed costB | 368 | 253 | 399 | 340 | ||
Total costC (A + B) | 3120 | 3263 | 3698 | 3367 | ||