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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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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
ceteris paribus (Emokaro et al., 2009). Higher profit thus ensures the
sustainability of the industry.
The research is designed to address the following:
Are poultry farmers in the study area really making profit from their poultry egg production?
Can these farmers actually analyze the cost and returns from their enterprise?
What are the major constraints faced by egg farmers in the study area?
Do poultry farmers in the study area keep up to date records of their enterprise?
1.3 OBJECTIVE OF THE STUDY
The
broad objective of the study was to investigate the profitability of
poultry egg production in Esan North East and Ovia North East Local
Government Area of Edo State.
To meet the general objective, the study focused on the following specific objectives:
Examined the socio-economic characteristics of egg producers in the study area.
Estimated the farmers’ current level of profit from egg production.
Estimated the viability of egg production in Esan North and Ovia North East Local Government Areas.
Identified the constraints faced by poultry farmers in the area of study.
Analysed the relationship between input used and quantity of eggs produced by respondents.
Estimated the farmers’ current level of profit from day old chicks to point of lay production.
1.4
HYPOTHESIS Ho:There is no significant relationship between the
socio-economic characteristics of the respondents and the profitability
from poultry production.
H1:There is a significant relationship
between the socio-economic characteristics of the respondents and the
profitability from poultry production.
1.5 JUSTIFICATION OF THE STUDY
Although
much work has been done in the area of profitability analyses, poultry
egg production requires a continuous research to meet the changing
problems and constraints of the industry.
It is hoped that the
information provided by the study will guide prospective poultry
enterprise and contribute to effective policy formulation and
implementation as regards improving the business.
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ABSRACT - [ Total Page(s): 1 ]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 regr ... Continue reading---
