Table 6 Return on assets, land and labour management for cocoyam production (per hectare)
Farm assets | Value of assets (GH¢) used per ha of cocoyam production (2014/2015) | |||
|---|---|---|---|---|
Asante Akyem South | Asunafo North | Fanteakwa | Pooled | |
Land | 4990 | 4002 | 3861 | 4284 |
Equipment and machinery | ||||
Cutlass | 44 | 38 | 37 | 37.7 |
Sacks | 25.2 | 30 | 40.8 | 34 |
Baskets/pans | 66 | 50 | 57.5 | 55 |
Hoes | 28.6 | 24 | 38 | 30 |
Sprayer | 50 | 70 | 79 | 70 |
Total assets/investmentA | 5203.8 | 4214 | 4113.3 | 4510.7 |
Analysis of return on key resources | ||||
Net farm profitB | 4207 | 4632 | 5744 | 4824 |
Interest expenses | – | – | – | – |
Value of unpaid labour and managementC* | 3150 | 3600 | 4610 | 3787 |
Return to assets (A–B)D | 1075 | 1032 | 1134 | 1037 |
Rate of return on investment (ROI) (D/A) % | 20.3 | 24.5 | 27.6 | 24.1 |
Opportunity cost of capital (at 25%) | 1301 | 1053.5 | 1028.3 | 1127.7 |
Total capital less land | 213.8 | 212 | 252.3 | 226.7 |
Opportunity cost of capital less land | 53.5 | 53 | 63 | 56 |
Return to land | 1003.6 | 979 | 1070.9 | 980.3 |
Return to unpaid labour and mgt | 2906.1 | 3578.5 | 4715.7 | 3696.3 |
Return to per unit (day) unpaid labour and mgt | 20.8 | 23.9 | 29.5 | 24.6 |