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Efficiency in the agricultural industry is the most frequently used measure of market performance. Marketing efficiency is a common objective of farmers, food marketing firms, consumers, and other participants. Efficiency… Read More

In the previous article, the advantages of unrestricted international trade were discussed. However, despite these benefits, all countries use various means to protect their economies. This article explores why countries,… Read More

The Nigerian government has always encouraged Nigerians to engage in international business activities. Because of this, several agencies have been set up to encourage such activities. There are many agencies… Read More

In this article, the agricultural insurance scheme government put in place to mitigate the adverse effects of production and distribution of agricultural products in the country is discussed. Nigerian Agricultural… Read More

The term ‘commodity’ is commonly used to refer to basic agricultural products that are either in their raw form or have undergone only primary processing. Examples include cereals, coffee, cocoa… Read More

One important and interesting trend in international marketing, particularly in the agricultural sector, is the commodity exchange market. This article describes the concept of a commodity exchange market, its history,… Read More

Marketing costs are the actual expenses incurred in the performance of the marketing functions as a commodity moves from the farm to the ultimate consumers. It includes the cost of… Read More

The Nigerian Marketing Boards originated directly from the West African Marketing Boards, which themselves originated from the wartime Produce Control Boards set up by the colonial administration. The Produce Control… Read More

Various authors have defined cooperatives differently based on their backgrounds. Some view cooperatives as businesses voluntarily owned and controlled by member patrons, operated on a non-profit basis. These businesses often… Read More

Government regulations refer to interventions by the government in the agricultural sector to ensure sustainability and fair practices. Many believe that the government’s relationship with agricultural markets is defined by… Read More

In addition to the risk mitigation methods previously discussed, other risk mitigation methods that farmers employ include management alternatives, information, and the adoption of technology. Good management practices can be… Read More

Risk is an important aspect of the farming business. The uncertainties of weather, yields, prices, government policies, global markets, and other factors can cause wide swings in farm income. Risk… Read More