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Profitability Analysis Of Layer Enterprise
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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?
1.3OBJECTIVE 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.
1.4HYPOTHESIS
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.
1.5JUSTIFICATION 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---
