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Table 4 Gross margin analysis (Gh¢) of soybean farm in the Upper West region

From: Are non-market benefits of soybean production significant? An extended economic analysis of smallholder soybean farming in Upper West region of northern Ghana

Components Districts
Variable cost (per ha) Sissala-West(Gh¢) Wa-East(Gh¢) DBI (Gh¢) Pooled (Gh¢)
Seed 75.73 61.84 60.56 66.04
Ploughing 185.79 229.39 148.59 187.92
Fertilizer 43.45 45.51 11.39 33.45
Inoculants 2.34 17.24 8.60 9.39
Labor cost
Family labor 526.39 220.76 337.20 361.45
Hired labor 194.72 293.56 250.20 246.16
Total labour cost 721.11a 514.32b 587.40c 607.61
Agrochemicals 73.92 40.50 52.67 55.70
Land rental 52.30 54.78 27.88 44.99
 A. Total variable cost 1154.64a 963.58b 897.09c 1005.10
 B. Output of soya (marketed) (kg/ha) 825 836.50 533.68 731.73
 C. Output price/kg 1.96 1.39 1.52 1.62
 D. Total revenue (B*C) 1617.00a 1162.74b 811.19c 1185.40
 E. Gross margin (D–A) 462.36 199.16 (85.90) 191.87
 F. Fixed cost (depreciation) 34.02 8.03 17.2 19.75
 G. Net margin (E–F) 428.34a 191.12b (103.10)c 172.12
  1. Figure in brackets means loss. Values with different superscripts denotes means are significantly different while same superscripts denote means are not different across rows. Official exchange; US$1 = Gh¢4.5 in 2017