TY  - JOUR
T1  - Transactions Costs and Agricultural Household Supply Response of Maize Farmers in Iwo Agricultural Zone of Osun State, Nigeria
AU - Fabiyi, Y.L. AU - Ajetomobi, J.O. AU - Oladejo, J.A. 
JO  - Agricultural Journal
VL  - 6
IS  - 3
SP  - 110
EP  - 114
PY  - 2011
DA  - 2001/08/19
SN  - 1816-9155
DO  - aj.2011.110.114
UR  - https://makhillpublications.co/view-article.php?doi=aj.2011.110.114
KW  - regression analysis
KW  -supply response
KW  -Food marketing
KW  -Food marketing
KW  -techniques
KW  -transactions cost
AB  - This research is an attempt to determine the magnitude and the direction to which the level of transactions costs influence changes in maize supply in Iwo agricultural zone of Osun state. Multistage random sampling technique was employed in selecting 95 respondents for the study. A structured interview schedule was used to collect data from the respondents. Data were analyzed using descriptive statistics and an estimation of Cobb-Douglas regression model. The descriptive analysis revealed mean age of respondents as 42.7 years while 93% were married. It further showed that 52.2% of the farmers depended on personal savings in financing their maize production activities while14.4% of them received no formal education. Adjusted R<SUP>2</SUP> for the regression analysis was 0.748 showing that 74.8% of the variation in quantity of maize supplied by respondents was explained by the estimated variables. Data analysis showed that significant relationships exist between transactions costs and agricultural household supply response in the study area.
ER  -