Livelihood assets which are considered and recognised for their life-supporting role contribute significantly and basically to the standard of living of people. These contributions as deemed more meaningful are considered necessary to farmers whenever an opportunity exists to diversify their investment. This study looked at how the benefits from increase in farmers' rice yield contribute to farmers ability to acquire livelihood assets to enhance their standard of living. A sample size of 265 from a population of 880 farmers trained by Japan International Cooperation Agency on sustainable rainfed low-land rice production technology was used. The objective was to establish how proceeds from rice sale influenced the acquisition of livelihood assets by farmers to support their standard of living. Using spearman rho correlation, it was found that a strong positive correlation exists between increase rice output and livelihood assets acquisition. It is recommended that the technology should be disseminated nationwide specially in low-land rice farming areas so that all farmers in the country could benefit.