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Profitability Analysis Of Layer Enterprise
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CHAPTER ONE
1.0INTRODUCTION
BACKGROUND TO THE STUDY
The
problems of food insecurity and hunger in recent years have continued to
attract the attention of experts and Government worldwide (Babatunde et
al., 2007).
FAO (1995), asserted that the most critical in the
global food basket crises is protein, especially of animal origin.
However, Oluyemi and Roberts (2000) and Isika et al., (2006), postulated
that poultry was strategic in addressing animal protein shortage in
human nutrition.
In Nigeria, the production of food has not increased
at the rate that can meet the increasing population. While food
production increases at the rate of 2.5%, food demand increases at the
rate of more than 3.5% due to high rate of population growth of 2.83%
(CBN, 2004).
Animal scientists, economists and policy makers are of
the opinion that the development of livestock (poultry) industry is the
only option for bridging the generally known protein deficiency gap in a
Nigerian’s diet (Mbanassor and Nwosu, 1998). Apart from its
contribution to the Gross Domestic Product and provision of employment
opportunities, poultry production (egg) is a major source of protein in
the country (Ajibefun and Daramola, 1999).
Poultry production is
predominant among livestock production in Edo State. People depend on
poultry for food and poultry farming serves as an additional occupation
to supplement the income of small and marginal farm families. Poultry
occupies an essential position because of its vast potential to bring
about rapid economic growth, particularly benefiting the weaker section
(Ekunwe et al., 2006).
Egg is a rich source of protein, lipids,
vitamins, phosphorus and other nutritionally important substances. Eggs
are easily digestible and they are sources of raw materials for
agro-allied industries that utilize them in the production of food,
drinks, baking confectionery and in the propagation of viruses in
vaccine production. Besides, egg marketing provides a source of income
to those who engage in it.
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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---
