Effects of Livelihood Diversification on the Poverty Status of Cassava Farmers in Edo South, Edo State, Nigeria

[...]they tend to find alternative means to generate income. According to [10], the gross margin model is given as: GM=TR-TVC Where GM = Gross margin of cassava production (N) TR = Total revenue from cassava production (N) TVC = Total variable cost of cassava production (N) NFI =TR - TC Where NFI = profit = 11 TC = Total cost of cassava production (N) ROI = тс ROI = Return on Investment Income from other sources of income was in naira. P(y) = the probability that y = 1 1-p(y) = the probability that y = 0 e = base of natural logarithm ... log = Logarithm ... = odds ratio in favour of being poor P's = coefficients of the parameters estimated Poverty status = dummy variable (1 = household classified as poor, 0 = non poor) X1 = Age (years) X2 = Household size (number of persons in a household) X3 = Farming experience (years) X4 = Farm size (hectares) X5 = Total income (naira) X6 = Sex (male = 1, female = 0) X7 = Marital status (Married = 1, unmarried = 0) 3.Results and Discussion 3.1. [...]the business was profitable.