Economic Appraisal of Small and Medium Scale Poultry Egg Production in Ife and Ilesha Metropolis, Osun State, Nigeria.
Keywords:Economic Appraisal, Poultry Egg Production, Budgetary Analysis, Gross Margin, Return on investment
AbstractThe study appraised the economic performance of small and medium scale poultry egg production in Ife and Ilesha metropolis, Osun State Nigeria. A purposive sampling was used to select one hundred and twenty poultry egg farmers, cluster sampling was used to select areas where small and medium scale were concentrated in the study area then sixty (60) small scale and sixty (60) medium scale were randomly selected to form the population of the study. Data were collected through structured interview schedule. Descriptive statistics such as means and percentages were employed for budgetary analysis and economic performance. The ordinary least square was used to determine the significant variables influencing the gross margin of poultry egg farmers at different levels of scale of production. The study shows that the gross margin of small farms was â‚¦575.65 while the gross margin of medium farms was â‚¦43672.62. The total production cost of small and medium farms were â‚¦1480.25 and â‚¦29654.43 respectively. The results further reveal that costs of feed constituted the largest share of the total costs for the two categories of farm size. The amount spent on drug and feed were the only significant determining factors of revenue accruable to both categories of poultry egg farmers. Although, poultry egg production was profitable in the study area, the level of profit depended on the scale of operation.
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