Econometrics of Domestication of the African Palm Weevil (Rhynchophorus phoenicisF.) Production as Small-Scale Business in Ghana

Abstract

A reconnaissance survey of the domestication of the African palm weevil (APW) (Rhynchophorus phoenicis), which produces the edible larvae that are cherished as a delicacy among many tribes in Ghana, was conducted. Out of a total number of 560 semi-trained farmers, 271 (48.39%) were actively engaged in R. phoenicis farming near their homes or gardens, while 289 (51.61%) were non-active. Economic viability analyses showed that the active farmers would break even and repay their loans of GH¢1000 when they produce 3020 larvae at unit selling price of GH¢0.33, within a period of 4 months and 7 days (17 weeks). In a year, a farmer would have three production cycles and generate a total revenue of GH¢3018.79, at average monthly production of 755 edible larvae, net cash availability of GH¢1448.79, and projected net profit of GH¢448.79 in the first year of production. The farmer would make more profit and become wealthy in business in subsequent years. The pilot scheme of palm weevil farming was viable and ameliorated poverty and malnutrition of rural farmers in Ghana.