At the microeconomic level, in predominantly agrarian society of Nigeria where majority of the farmers are poor and unable to obtain insurance, price and production shocks would have adverse impact on growth and development. Particularly, there is a growing concern that current levels of rice...

The use of economic analysis to aid farm input investment decisions has been contentious because of observed flatness of economic response in the region of the optimum input. In this paper an application of a crop simulation model, to specify the production response, in conjunction with...