Farmers Resource – Use and Technical Efficiency in Cowpea Production in Nigeria

In Nigeria, the use of stochastic frontier to estimate farm level efficiency effects is still at the rudimentary level and is beginning to build up. Few studies have been undertaken but there is dearth need for more empirical studies on this important issue. This paper presents the analysis of technical efficiency of cowpea production in Osun state southwest Nigeria, using the stochastic production frontier, budgetary and resource-use efficiency analyses. The marginal value products of all the resources used are less than their prices (MVP Keywords Resource-Use Efficiency --- Technical Efficiency --- Cowpea Production --- Stochastic Frontier --- Tobit Model and Marginal Products