Profitability analysis of small-scale fishing along Coastal Areas of Ondo State, Nigeria

2021 ◽  
Vol 20 (1) ◽  
pp. 41-50
Author(s):  
S.S. Ashley-Dejo ◽  
O.A.B. Adelaja
Keyword(s):  
Sampling Procedure ◽  
Coastal Areas ◽  
Small Scale ◽  
Cost Ratio ◽  
Output Level ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Fishing Boat ◽  
Profitability Analysis ◽  
Ondo State

This study evaluated the profitability analysis of small-scale fishing along coastal areas of Ondo State, Nigeria. Structured questionnaire was used to collect data from 400 small-scale fishermen which were selected via multi-stage sampling procedure. Data collected was analyzed using descriptive statistics and profitability indicators. Results revealed that mean age of respondents was 39 years, among the fixed assets for fishing, outboard engine has the largest percentage cost (88.32%) while among variable assets, fuel has the largest percentage cost (67.16%). Profitability indicators such as Benefit Cost Ratio (BCR) 1.29, Gross margin ₦1,261,476.60k/fisherman/year, Return on Investment (ROI) 0.29, Net Profit Margin (NPM) 0.23 and Gross Revenue Ratio (GRR) 0.77 were used to estimate the profitability of small-scale fishing. The findings further revealed that fishing boat (1.284), outboard engine (0.352), fishing nets (1.342) and fuel (0.193) were positively and statistically significant at p<0.05 level with fish output level while accessories (floats, sinks and hooks) (0.142) was positively and statistically significant at p<0.1 with fish output level. The R2 value was 72.1% showing that the independent variable was well explained by the exogenous variables. Problems encountered by small-scale fishermen include inadequate infrastructural facilities, poor road networking system and inadequate credit facilities. Based on the findings, it was recommended that small-scale fishermen should organize themselves into cooperatives in order to increase their credit accessibility. Likewise, government should embark on construction of good road network in order to ease transportation of fish harvested to the neighboring towns.

scholarly journals Economic analysis of small scale dairy buffalo enterprises in Bhola district of Bangladesh

2017 ◽  
Vol 27 (4) ◽  
pp. 502-510
Author(s):  
T Hasan ◽  
S Akter ◽  
H Biswas ◽  
MA Halim ◽  
A Alam ◽  
...  
Keyword(s):  
Herd Size ◽  
Coastal Areas ◽  
Small Scale ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Coastal Belt ◽  
Cash Cost ◽  
Dairy Buffalo ◽  
Small Scale Dairy

The purpose of this study was to analyze the socio-economic structure of water buffalo farming at some selected coastal areas of Bhola district of Bangladesh. Data were collected from the 35 small and large farms by surveying during the period January to March, 2015. The study revealed that buffalo rearing was mostly practiced by middle (30-45yrs) and old (>45yrs) aged farmers than young farmers (<30yrs). Majority (45.71%) of the buffalo farmers were educated, have no organized housing facilities for sheltering and depend on locally available roughages and tree leaves to fed buffaloes. The average lactation length was found 228 days andmilk yield was 2.1 litres/ buffalo/ days. The Gross Margin and Net farm profitability per dairy buffalo per lactation year over cash cost and non-cash cost were stood at Tk. 55866.65 & Tk. 51127.89 and Tk.44954.65 & Tk. 40435.39  for Herd size-1 and Herd size-2, respectively that indicates rearing of small- scale dairy buffaloes is highly profitable at coastal belt areas in Bhola District. The average Benefit Cost Ratio (BCR) was accounted for 1:7.51 and 1:3.11, respectively over cash and total cost basis considering both herds. Finding of this study indicates that buffalo rearing is highly profitable in the coastal areas of Bangladesh and a crucial pathway for poverty alleviation.Progressive Agriculture 27 (4): 502-510, 2016

scholarly journals Profitability analysis of papaya cultivation in some selected areas of Bangladesh

2019 ◽  
Vol 44 (1) ◽  
pp. 115-126
Author(s):  
MI Kaysar ◽  
MS Hoq ◽  
MW Islam ◽  
MS Islam ◽  
MT Islam
Keyword(s):  
Plant Protection ◽  
Weather Condition ◽  
Viral Disease ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Adverse Weather Condition ◽  
Adverse Weather ◽  
Human Labour

The study was conducted to depict the overall economics of papaya cultivation in four districts namely Tangail, Jashore, Bandarban and Rajshahi. The objectives of the study were to examine the cost structure, resource use productivities, profitability and the problems of papaya production. A total of 152 farmers taking 38 from each district were selected randomly. Data were collected through a pre-tested interview schedule during January-March, 2017. The per hectare use of human labour, plant protection, manures and fertilizer were found to be maximum at Jashore whereas, the per hectare use of saplings was found to be maximum at Tangail district. The per hectare cost of cultivation of papaya was high at Jossere (365405) followed by Tangail (Tk.334261), Rajshahi (Tk.319754), and Bandarban (Tk. 272664). The average per hectare yield were maximum at Jossere (62MT) followed by Rajshahi (55MT), Tangail (54MT) and Bandarban (52MT). Per hectare gross margin was the highest at Tangail (Tk. 802797) followed by Bandarban (Tk. 658441), Jashore (Tk. 536346) and Rajshahi (Tk.471298). Per hectare net return was highest at Tangail (Tk.633738) followed by Bandarban (Tk.507335), Jossere (Tk.346594) and Rajshahi (Tk.302747). The overall benefit cost ratio was 2.39 which indicates papaya cultivation was profitable in Bangladesh. The yield of papaya would increase by 0.0407, 0.125, 00.0627, 0.0863 and 0.3785 % if papaya farmers apply 1% additional human labour, seedlings/saplings, fertilizer, improved variety, and dummy for loamy soil. Attacks on viral disease, adverse weather condition, non-availability of reliable seed, lack of irrigation facilities, lack of technical knowledge and problems in marketing of papaya were the major constraints of papaya cultivation in the study areas. Bangladesh J. Agril. Res. 44(1): 115-126, March 2019

scholarly journals Profitability and Risk Analysis of Catfish Farming Breeding Business in Sleman District, Sleman Regency, Yogyakarta

2021 ◽  
Vol 4 (3) ◽  
Author(s):  
Hasa Nurrohim KP ◽  
◽  
Hani Subagio ◽  
Shinta Heru Satoto
Keyword(s):  
Risk Analysis ◽  
Cost Benefit ◽  
Production Costs ◽  
Cost Ratio ◽  
Fixed Costs ◽  
Gross Margin ◽  
Income Risk ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Internal And External Factors

This study aims to analyze the profitability and risk of the catfish breeding business in the catfish farmer group in Sleman district, Sleman district, Yogyakarta. Respondents were selected using the census method because the number of population members was less than 30 people. The results of the profitability analysis using the Expense Structure Ratio (ESR), show that the ESR is 0.041, which means that the fixed costs used in production are 4.1% of the total cost. Benefit Cost Ratio (BCR) of 1.304 which shows that every 1 Rupiah in catfish farming investment will generate a profit of 30.4%. The results of the Gross Margin Ratio of 0.265 indicate that the breeding cultivation business provides a gross margin of 26.5% of the remaining income after paying direct costs related to production. From the results of the risk analysis, it was found that the income risk opportunities faced were 14.4% in each harvest season, the magnitude of the risk opportunities due to the increase in feed prices was 5.55%, and the risk of loss due to production fluctuations was 0.28. This study recommends that catfish farming farmers need to ensure the expenditure of production costs and strive to overcome risks both from internal and external factors.

scholarly journals Profitability and Risk Analysis of Catfish Farming Breeding Business in Sleman District, Sleman Regency, Yogyakarta

2021 ◽  
Author(s):  
Hasa Nurrohim ◽  
Hani Subagio ◽  
Shinta Heru Satoto
Keyword(s):  
Risk Analysis ◽  
Cost Benefit ◽  
Production Costs ◽  
Cost Ratio ◽  
Fixed Costs ◽  
Gross Margin ◽  
Income Risk ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Internal And External Factors

This study aims to analyze the profitability and risk of the catfish breeding business in the catfish farmer group in Sleman district, Sleman district, Yogyakarta. Respondents were selected using the census method because the number of population members was less than 30 people. The results of the profitability analysis using the Expense Structure Ratio (ESR), show that the ESR is 0.041, which means that the fixed costs used in production are 4.1% of the total cost. Benefit Cost Ratio (BCR) of 1.304 which shows that every 1 Rupiah in catfish farming investment will generate a profit of 30.4%. The results of the Gross Margin Ratio of 0.265 indicate that the breeding cultivation business provides a gross margin of 26.5% of the remaining income after paying direct costs related to production. From the results of the risk analysis, it was found that the income risk opportunities faced were 14.4% in each harvest season, the magnitude of the risk opportunities due to the increase in feed prices was 5.55%, and the risk of loss due to production fluctuations was 0.28. This study recommends that catfish farming farmers need to ensure the expenditure of production costs and strive to overcome risks both from internal and external factors.

scholarly journals PROFITABILITY ANALYSIS AND DETERMINANTS OF GROUNDNUT (Arachis hypogea) PRODUCTION IN DAMBATTA LOCAL GOVERNMENT AREA OF KANO STATE, NIGERIA

2020 ◽  
Vol 1 (1) ◽  
pp. 31-39
Author(s):  
C. G. Onuwa ◽  
S. S. Mailumo ◽  
S. Y. Muhammed
Keyword(s):  
Local Government ◽  
Sampling Technique ◽  
Local Government Area ◽  
Farm Size ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Arachis Hypogea ◽  
Profitability Analysis

This study analyzed the profitability and determinants of groundnut production in Dambatta Local Government Area of Kano state. Multi-stage sampling technique was used in collecting data from eighty (80) respondents in the study area. The data generated were analyzed using descriptive statistics, farm budgeting model and regression analysis. The results revealed that the gross margin and net farm income of the farmers were N71400/ha and N59400/ha respectively. Also, the fixed and operating ratios were estimated at 0.1 and 0.41 respectively, while the benefit- cost ratio was N1.98. The coefficient of multiple determination (R2) was 0.739, implying that about 74% of the variation in the output of groundnut was accounted for by the explanatory variable inputs in the regression model. The regression coefficients of Farm size(X1) and Credit(X6) were positive and statistically significant at (p< 0.01), labour (X2) and Agrochemical(X5) were also positive and statistically significant at (p< 0.1), while Fertilizer(X4) was also positive and statistically significant at (p<0.05). The major constraints associated with groundnut production in the study area include; inadequate capital (86%), high cost of production inputs (83%) and lack of access to agricultural credit (78%). The study recommended that if these constraints are adequately tackled the productivity and profitability of the groundnut farmers will significantly improve. Onuwa, C. G. | Department of Agricultural Extension and Management, Federal College of Forestry, Jos, Plateau state, Nigeria

scholarly journals Effect of Ondo State Agricultural Inputs Supply Agency on profitability of crop farmers in Owo Lga, Ondo State, Nigeria

Agro-Science ◽  
2021 ◽  
Vol 21 (1) ◽  
pp. 15-21
Author(s):  
A.A. Odeyemi ◽  
O. Adetarami ◽  
S.B. Johnson ◽  
B.A. Oyebamiji
Keyword(s):  
Sampling Procedure ◽  
Easy Access ◽  
Farm Income ◽  
Cost Ratio ◽  
Food Crop ◽  
Benefit Cost Ratio ◽  
Input Demand ◽  
Ondo State ◽  
Benefit Cost ◽  
Structured Questionnaire

This study assessed the effect of Ondo State Agricultural Inputs Supply Agency (OSAISA) on the profitability of crop farmers in Owo Local Government Area of Ondo State, Nigeria. The study specifically described the socio-economic characteristics of arable crop farmers, compared the profitability of OSAISA patronizing food crop farmers (PF) and non-patronizing food crop farmers (NPF) and identified the various constraints encountered by patronizing farmers in dealing with OSAISA. One hundred and twenty food crop farmers random sampling procedure. Information was obtained from the respondents using a well-structured questionnaire. Data collected were analyzed with both descriptive statistics and budgeting technique. Findings revealed that 88.3% and 86.7% of the PF and NPF, respectively were males. About 50.0% of PF and 56.7% of NPF were between 41 and 50 years of age. The net farm income of the PF was greater than the NPF and benefit cost ratio for PF was more sustainable and viable than that of NPF. The major constraint faced by the OSAISA’ PF was inadequate capital to purchase the desired inputs. Based on the results, the study concludes that OSAISA contributes tremendously to the profitability of patronizing farmers in the study area. It is, therefore, recommended that farmers should be given easy access to acquire loan to meet their input demand and farming business in general; including adequate and timely supply of inputs for effective and efficient productivity.

scholarly journals Profitability analysis of poultry egg production and marketing in Southern zone of Plateau State, Nigeria

2020 ◽  
Vol 45 (4) ◽  
Author(s):  
M. Y. Latu ◽  
D. P. Wumnokol ◽  
L. Y. Guluwa
Keyword(s):  
Egg Production ◽  
Primary Data ◽  
Cost Ratio ◽  
Urban Migration ◽  
Gross Margin ◽  
Gainful Employment ◽  
Southern Zone ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Plateau State

Data from a survey in Southern zone of Plateau State was used to assess profitability of egg production and marketing in five markets of Southern Plateau. Primary data was obtained by means of personal interview through the use of a well-structured questionnaire administered to 20 individuals in each of the five markets (Langtang market, Shendam (Nshar) market, Namu market, Garkawa market and Mabudi market). The socio-economic characteristic of the respondents shows that most of them were experienced in the business and were mostly females (96%). The estimated Gini coefficient was 0.81296 which implies that there is a high level of inequality in the production and sole revenue of the respondents. While the gross margin reveals that marketing of eggs in the study area is profitable with gross margin per seller as N12, 029.50 and the benefit cost ratio also reveals that egg marketing is viable in the study area as N10, 799.50 per seller. It is therefore recommended as a means of gainful employment and mitigation to urban migration.

scholarly journals Profitability analysis of winter vegetables production in a selected area of narshingdi district in Bangladesh

2015 ◽  
Vol 25 ◽  
pp. 47-53 ◽  
Author(s):  
NY Chowdhuri ◽  
S Haque ◽  
SA Shammi ◽  
A Jannat ◽  
PR Sannyashi
Keyword(s):  
Production Cost ◽  
Cost Ratio ◽  
Value Addition ◽  
Gross Margin ◽  
Net Return ◽  
Benefit Cost Ratio ◽  
Net Returns ◽  
Profitability Analysis ◽  
Winter Vegetables ◽  
Benefit Cost

The present study was designed to analyze the production, cost, return and profitability of three winter vegetables (brinjal, country bean and cabbage) production of three villages ofNarshingdi District in Bangladesh. To achieve the objectives, data were collected from 60 farmers. The sample farmers were selected through purposive sampling technique.The major findings of the study were: among the winter vegetables, cabbage production was more profitable. Per hectare profitability of growing vegetables from the viewpoints of individual farmers was measured in terms of gross return, gross margin and value addition. Per hectare gross costs of brinjal, country bean and cabbage production were Tk. 241277, Tk. 162337 and Tk. 204152 respectively, and per hectare average yields of  brinjal, country bean and cabbage were estimated at 24175 kg/ha 15774 kg/ha, and 24707 kg/ha, respectively.  Per hectare gross returns of brinjal, country bean and cabbage were Tk. 483500, Tk. 347028 and Tk. 494140, respectively. Per hectare net returns of brinjal, country bean and cabbage were Tk. 242223, Tk. 184691, and Tk. 289988, respectively. It shows that cost of production per hectare was higher for brinjal than for cabbage and country bean. The study also shows that per hectare yield, gross returns, gross margin, net return and benefit cost ratio of cabbage were higher than those of country bean and brinjal. Therefore, it is clear that cabbage production was most profitable among the three crops.Progress. Agric. 2014. 25: 47-53

scholarly journals Profitability and resource use efficiency of potato cultivation in Munshiganj district of Bangladesh

2018 ◽  
Vol 15 (2) ◽  
pp. 193-206 ◽  
Author(s):  
HK Sujan ◽  
F Islam ◽  
MH Kazal ◽  
RK Mondal
Keyword(s):  
Resource Use ◽  
Variable Cost ◽  
Cost Ratio ◽  
Resource Use Efficiency ◽  
Gross Margin ◽  
Land Preparation ◽  
Benefit Cost Ratio ◽  
Profitability Analysis ◽  
Human Labor ◽  
Use Efficiency

Potato is the third largest food crop in Bangladesh by tonnage of production. Its acreage and production are also increasing in day after day. This study was accomplished to examine the profitability and resource use efficiency of potato cultivation in five upazilas of Munshiganj district of Bangladesh. A total of 52 farmers were selected randomly from the study area. Data were collected through farm survey by using a suitable pre-tested questionnaire in February-March, 2016. Profitability analysis, Cobb-Douglas production function, MVP, MFC and Farm Budgeting model were used to analyze the objectives. Average gross return, gross margin and net return were found Tk. 3,47,200, Tk. 1,47,125 and Tk. 1,17,300, respectively. Benefit-cost ratio was found 1.51 and 1.74 on full cost and variable cost basis, respectively. The key production factors, i.e. human labour, land preparation, seed, fertilizer, insecticides and irrigations had significant effect on gross return of potato. Resource use efficiency analysis revealed that farmers were not efficient in using resources in potato cultivation. Human labor, land preparation, insecticide and irrigation were under-utilized and therefore increasing use of those resources could maximize the profitability. Seed and fertilizer constituted major parts of the cost of production hence optimum use of those resources could also enhance the profitability and resource use efficiency of potato cultivation in Munshiganj district.SAARC J. Agri., 15(2): 193-206 (2017)

Assessment of small scale horticultural nursery enterprises in some selected Local Government Areas in Ibadan Metropolis, Oyo State, Nigeria

2021 ◽  
Vol 17 (2) ◽  
pp. 57-67
Author(s):  
I.O. Oyewo ◽  
A.R. Falana ◽  
I.O. Abiola ◽  
F.B. Musa ◽  
H.O. Shaib-Rahim ◽  
...  
Keyword(s):  
Formal Education ◽  
Tertiary Education ◽  
Common Species ◽  
Small Scale ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Personal Savings ◽  
Benefit Cost ◽  
Ixora Coccinea

The study assessed some selected small scale horticultural nursery enterprises in Ibadan metropolis. Data was collected through the use of well-structured questionnaires from 32 respondents and analysed using descriptive statistics and cost and return analysis. The result revealed that 93.7% of the respondents were male, 31.3% were between the ages of 31-40years with mean age of 43years,84.4% were married, 75% had between 1-5 household size with a mean house size of 5 persons. About fifty three percent (53.1%) of them were involved in horticultural practices as their primary occupation, 46.8% had tertiary education, however, majority 93.7% of them had one form of formal education with 14.5% mean years of experience, 75% of them belong to horticultural associations,81.2% source their credit through personal savings, majority (68.8%) rented their land through government, 50% source the seeds through other farmers while only 34.4% source their seeds through research institutions, categories of seedlings raised by the respondent are ornamental seedling (100%), forestry seedling (78.1%), medicinal seedling (65.6%) and agricultural seedling (81.3%) while Ixora (Ixora coccinea) (40.6%) was the most common species of seedling found in the nursery. On the average, the profit realized was ₦578, 925.00k per annum with Benefit cost ratio (BCR) of 4.8. Major problems confronting the enterprise were pest and insects, weeds, credit facilities, weather, transportation, low marketing patronage, cost of agrochemicals as well as availability of quality seeds. Keywords: Assessment, Horticultural, Enterprise, Gross Margin, Oyo, Nigeria

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