Optimum replacement period for rubber plantation in Nigeria
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The study aimed to derive the optimum replacement period for rubber plantation in
Nigeria. The analysis was carried out with the data collected from 30 randomly
selected rubber estate holders in Nigeria using the profit maximization concept.
Results revealed that the optimum period to replace rubber plantation in Nigeria
should be at the 35th year. However, the result of the study suggests that the actual
replacement period of rubber plantation in Nigeria may vary since factors such as price
changes in inputs and outputs, changes in discount rate and income tax and the
management ability of the plantation owner can either shift the replacement period
upward or downward. The policy conclusions follow that farmers will have to keep
accurate records of the right nature for management purposes and that research on
market development and price forecasting should be improved.