Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 18 ISSUE 1
Written by Lawrence Olusola OPARINDE, Emmanuel Chilekwu OKOGBUE
One of the consequences of climate change in Sub-Saharan Africa is that farmers would be more exposed to production risk. Therefore, it is imperative to analyse the climate-related risk and maize production in Southwest, Nigeria. Secondary data between 1981 and 2012 were collected on relevant variables and analysed using Growth Function, Co-integration Model (Autoregressive Distributed Lag Approach) and J-P Model. The results confirmed the presence of long-run equilibrium between maize production and temperature, rainfall and relative humidity. The Error Correction Model (ECM) value was -0.0238 for the enterprise. The results of the analysis on the climate-related risk indicated that temperature increased the production risk of maize farmers. It can be concluded that farmers face climate-related risk as temperature increased the production risk of maize farmers. Therefore, stakeholders should create more awareness on the need to always practice eco-friendly activities and put in place coping strategies against the menace of climate change.
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