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Profitability Analysis Of Layer Enterprise In Esan North East And Ovia North East Local Government Areas Of Edo State, Nigeria
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This study examined the profitability of layers production in Esan North East and Ovia North East L.G.A’s of Edo State. A purposive and convenient sampling of 64 poultry farmers was carried out in the study area in order to generate data for the analysis. Results of the study showed that the respondents were predominantly males (56%) with good educational background and relatively long farming experience in poultry production. Data collected were analyzed using Regression Models. The regression results indicated that the poultry farmers were spending too much credit on fixed capital in production from day old to spent layers with a high probability that increase in miscellaneous expenditure and layers mash will increase the profit from the production. It was observed that improvement in quality of layers mash, increase in efficiency of labour and increase in KW/h used in the production process will increase profit realizable from the production of day-old chicks to point of lay. As shown from the regression results, increase in fixed cost and layers mash will be necessary to maximize profit in production from point of lay to spent layers. Viability analysis indicated that poultry business is profitable (average BCR =1.52, average Return/Naira=0.55). It was shown from the comparative analysis that production from day old chicks to spent layers was the most viable (BCR of 1.64, Return/Naira=0.67) from the three types of production. It was therefore recommended that more people, particularly youth, should be advised to go into layers production, and that Government should mandate commercial banks to reserve a certain percentage of the budget for the poultry farmers at low interest rate.
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CHAPTER ONE - [ Total Page(s): 2 ]STATEMENT OF PROBLEM For Nigeria to attain food security, there is
the need for the development of all sectors of agriculture. There is the
need for significant improvements in the livestock industry and poultry
in particular. Events of the past decades indicate that the demand and
supply gap for animal protein intake is so high (Yusuf and Malomo,
2007). Egg producers, like other producers are rational, thus, they
would increase their supply if they are sure of making higher profit
... Continue reading---
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CHAPTER ONE - [ Total Page(s): 2 ]STATEMENT OF PROBLEM For Nigeria to attain food security, there is
the need for the development of all sectors of agriculture. There is the
need for significant improvements in the livestock industry and poultry
in particular. Events of the past decades indicate that the demand and
supply gap for animal protein intake is so high (Yusuf and Malomo,
2007). Egg producers, like other producers are rational, thus, they
would increase their supply if they are sure of making higher profit
... Continue reading---
ABSRACT -- [Total Page(s) 1]
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ABSRACT -- [Total Page(s) 1]
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