The study considers the economics of the oil palm (Elaeis guinensis) to rural farmers in a rural community in south-eastern Nigeria. It compares the economic benefits of all products of the oil palm industry – palm oil, palm kernel, timber, palm wine and brooms. It posits that the most important product of the oil palm to the Enugu Ezike farmer is oil palm wine. This contrasts with the view that holds palm oil and palm kernel as the chief products of the oil palm. In a study conducted in Enugu Ezike, findings reveal that annual revenue from palm wine surpasses the six-yearly income from palm oil, palm kernel and brooms together. The study employs an eclectic framework of data collection, involving oral interviews, focus group discussions, participant observation, and the use of secondary sources. The oil palm is by every standard the most economically important tree crop and proceeds from it have positively influenced the socio-economic life of the rural communities, and as a result it has improved their living conditions.