Economic analysis of fish processing and marketing in Ogun Waterside Local Government, Ogun State, Nigeria

2015 ◽  
Vol 42 (2) ◽  
pp. 235-245
Author(s):  
O. J. Olaoye ◽  
D. A. Adegbite ◽  
E. O. Oluwalana ◽  
S. S. Ashley- Dejo ◽  
O. A. Adelaja ◽  
...  
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Bank Loan ◽  
Primary Data ◽  
Small Scale ◽  
Cost Ratio ◽  
Fish Processing ◽  
Gross Margin ◽  
Single Digit ◽  
Ogun State

This study examined the economic analysis of fish processing and marketing in Ogun Waterside Local Government Area of Ogun State, Nigeria using structured, validated and pre-tested interview schedules to collect primary data from one hundred and thirteen respondents. Descriptive analysis was used to analyze the socio-economic characteristics, access to productive resources and constraints faced by fish processors while budgetary analysis was used to determine profitability. The result reveals that 99.0% of the respondents were females, 57.4% were within their active economic age group (41 - 50 years), about 50.0% were educated and 82.3% were married. The scale of operation was on small scale level. The result of the budgetary analysis show that average total cost of N53,530.08 was incurred, average total revenue of N58,340.71 was realized and a returning gross margin of N37,088.44. The profitability ratio gave a benefit-cost ratio of 1.089 and expense structure ratio of 0.0603. This is an indication that fish processing business is profitable and viable in the study area. Despite the high profitability of the business, fish processors identified lack of collateral security for bank loan (96.5%), erratic power supply (92.0%) and lack of modern fish processing facilities (43.4%) as their most prevailing problems. With this high level of profitability and viability in fish processing and marketing, it is recommended that Government, cooperative societies, private bodies and non-governmental organizations should provide basic amenities such as storage facilities, electricity, transportation facilities and modern fish processing facilities in other to boost fish production in Nigeria as well as single digit Bank loan with civil servants as guarantors as means of collateral security.

scholarly journals Economic analysis of mushroom enterprise in Chitwan district, Nepal

2021 ◽  
Vol 6 (4) ◽  
pp. 408-415
Author(s):  
Ranju Acharya ◽  
Ujjwal Tiwari
Keyword(s):  
Economic Analysis ◽  
Group Discussion ◽  
Secondary Data ◽  
Regression Function ◽  
Climatic Conditions ◽  
Primary Data ◽  
Cost Ratio ◽  
Market Demand ◽  
Gross Margin ◽  
Benefit Cost Ratio

The majority of the population (66%) in-country “Nepal” are engaged in agriculture. However, domestic production finds it difficult to meet the annual demand of the people. Hence, people are moving from subsistence agriculture to embrace mushroom farming. This study focuses on economic analysis and analysis of the present status of mushroom farming and enterprise in this country. The study was conducted in the land area of Kalika Municipality and Bharatpur Metropolitan City. 30 mushroom farmers with two huts and at least three years of experience were selected from the study area. The primary data were collected through face-to-face interviews with the farmers, focus group discussion (FGD) and key informant interviews (KII). The secondary data was collected through various published articles and documents. The data analysis was done using basic statistics and a regression function. The benefit-cost ratio is 2.54 and a high gross margin is NRs.490,876.65 per kattha per year. The return to scale (RTS) is 0.80. Five marketing channels are present among which wholesalers and local collectors contributed the highest percentage of the share. However, the dominance of the intermediaries, timely unavailability of inputs, price fluctuation, disease and pest infestation were the major constraints. Disease and pest control, formation of the producer organization, improvised cultivation practices, timely and affordable availability of quality can be the major solution measures. Whereas, suitable climatic conditions, high productivity and growing market demand are the strengths of mushroom production in this study area. Mushroom farming is found to be a profitable business concerning competitive and comparative markets. 

scholarly journals ECONOMIC ANALYSIS AND PATTERN OF AGROCHEMICALS USE AMONG SMALLHOLDER CROP FARMERS IN EDU LOCAL GOVERNMENT AREA OF KWARA STATE

2019 ◽  
Vol 52 (2) ◽  
Author(s):  
Adedeji Sharafadeen Olayinka ◽  
Alimi Folorunsho Lawal ◽  
Madu Ali Bwala ◽  
Umaru Habiba Mohammed ◽  
Ajao Ibrahim Sulaiman
Keyword(s):  
Local Government ◽  
Economic Analysis ◽  
Sampling Technique ◽  
Local Government Area ◽  
Descriptive Statistics ◽  
Small Scale ◽  
Gross Margin ◽  
Safety Measures ◽  
Before And After ◽  
Crop Farmer

This study addresses the economic analysis and pattern of agrochemicals use among smallholder crop farmers in Edu Local Government Area of Kwara State, Nigeria. A multistage random sampling technique was used to select 144 small-scale crop farmers interviewed for the study. Descriptive statistics and farm budgeting techniques were used for data analysis. The result shows that a typical small-scale crop farmer in the study area is, on average, a 31-year-oldmale with 11 to 20 years of farming experience. These groups of farmers also cultivate 0.78 hectares and have a household size of 8. Herbicides are the predominant agrochemical used during the survey; it was mostly applied both before and after crop emergence. Usually, pesticides were applied without following safety instructions. Users of agrochemicals obtained a total gross margin of USD 1,469.95 per hectare with a profitability ratio of 1.22 which indicates that farming is a profitable business in the study area. The study recommends to increase awareness on farmer safety measures when handlingagrochemicals; and to establish educational programs that will educate farmers on how to safely use agrochemicals.

scholarly journals Yield estimation and profitability of cotton production in Northern Nigeria

2020 ◽  
Vol 8 (10) ◽  
pp. 215-220
Author(s):  
Samuel Adeoti ◽  
◽  
Adedamola Ajayi ◽  
Moses Agunbiade ◽  
◽  
...  
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Primary Data ◽  
Cost Ratio ◽  
Maximum Output ◽  
Northern Nigeria ◽  
Cotton Production ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
Cotton Farmers

The study estimated the yield and profitability of cotton production in northern Nigeria. Primary data were used for the study using a well-structured questionnaire and experimental plots. Data were collected on the cost of inputs, price and quantity of output as well as constraints facing the enterprise. Crop cut experiment was used to estimate the yield per hectare during a given cultivation cycle. The budgetary technique was used to estimate cost and returns to cotton production and Likert scale was used to identify and rank the constraints facing the enterprise. Random Sampling was employed to select eleven cotton farmers from Anka, Maru and Talata-mafara Local Government Areas to have a sum of thirty-three respondents from which one respondent from each of the three local governments volunteered to host the experimental plot for the crop cut. These selections were done based on their prominence in cotton production. The average estimated quantity of the three plots located in the three local government gives an estimated value of 1183 kg/ha. The study showed that cotton production is profitable with a gross margin of ₦40 while the profit index and benefit-cost ratio were 0.12 and 1.13 respectively. Major constraints facing the production of cotton were insufficient funding, poor/unstable pricing, high cost of inputs, policy summersault, poor linkage with off-takers and pest and diseases. This study recommends that governments at all levels should provide loans with no or very low interest for the farmers to solve the problem of funds and put in place policy measures aimed at regulating the price of cotton to establish a good marketing system. There is a need for research institutes to develop more high yielding cotton seeds for cotton farmers to increase yield for more profit. Cotton farmers need to be introduced to new techniques and innovations for maximum output, hence a need for more extension services. Keywords: Cotton production, crop cut experiment, profitability.

Profitability and Efficiency Analyses of Small Scale Rice processing units in Ngoketunjia Division, North West Region, Cameroon.

2014 ◽  
Vol 3 (2) ◽  
pp. 177-182
Author(s):  
Bime M.J ◽  
Fon D.E ◽  
Ngalim S.B ◽  
Ongla J
Keyword(s):  
Value Added ◽  
Primary Data ◽  
Small Scale ◽  
Fixed Cost ◽  
Cost Ratio ◽  
Parboiled Rice ◽  
North West ◽  
Benefit Cost Ratio ◽  
Benefit Cost ◽  
Rice Processing

Rice production and processing over the years has been on an increase with more small holders entering the business. This study on profitability of processing and marketing of small scale rice processors had as objective to analyse the profitability levels of rice processing and marketing by small scale processors, determine the value added to the commodity at each stage  and also identify the constraints faced by these processors. The study used primary data collected using well-structured questionnaire from millers only, miller traders for white/parboiled rice through a multistage sampling technique. Results showed that the net processing income (3,151,201), value added (8,147,456) and efficiency (138) for miller-traders of white rice was highest, followed by miller-traders for parboiled rice and lastly millers only. Results further showed that millers only had Benefit/cost ratio of 0.4 indicating that milling only is not profitable due to small quantities milled, and high fixed cost. Miller-traders for parboiled rice had a benefit/cost ratio of 2.3 implying that their venture is most profitable. Based on the results, it was recommended that millers only should purchase large quantities of paddy to enable them reduce the overhead cost. Also the services of parboilers should reflect in the sales price of parboiled rice so that the parboiling services can be paid for.

scholarly journals Economic Analysis of Snail Marketing in Ibadan North East Local Government Area Oyo State, Nigeria

2019 ◽  
pp. 1-8
Author(s):  
A. F. Aderounmu ◽  
I. O. Oyewo ◽  
O. O. Oke
Keyword(s):  
Local Government ◽  
Local Government Area ◽  
Cost Ratio ◽  
Gross Margin ◽  
Benefit Cost Ratio ◽  
North East ◽  
Frequency Table ◽  
Marketing Efficiency ◽  
The Cost ◽  
Benefit Cost

This paper reports findings from a study carried out to investigate the profitability of snail marketing in Ibadan North East Local Government area of Oyo State. Structured questionnaires and interview schedules were designed to obtain information on socio-economic characteristics, operational capital and source, years of experience in the business and constraints to snail marketing. Seventy snail marketers, randomly selected from three major markets which are Oje, Agodi gate and Agugu market;. The data collected were analyzed using frequency table, percentage, gross margin, Benefit/ Cost ratio and Marketing Efficiency analyses. Majority (94.3%) of the respondents were female while 5.7% were male. 31.5% were between the ages of 51-60years with mean age of 54.9 years. It was also shown that 50% source their capital through personal savings between N11,000-N20,000 and 47.1% with 5-9years experience. The cost and return analysis revealed that total revenue was N1, 457,700.00k and total cost was N1, 285,320.00k while gross margin    was N172, 380.00k and benefit- cost ratio was 1.13 which implies that for every N1.00 invested the marketer will make a return of N1.13k on every snail sold, Marketing efficiency was 88%. Major constraints to snail marketing in the study area were poor market patronage (87.1%) and seasonality (82.9%). Snail farming is advocated since it is a profitable agribusiness and can be achieved through cooperatives and micro credit facilities. Also, marketing of snail in the area    should be restructured and standardized to command frequent patronage and command higher price value.

scholarly journals Comparative evaluation of economic benefits of adopters and non-adopters of improved fish production technologies in Oyo State, Nigeria

2020 ◽  
Vol 44 (2) ◽  
pp. 230-247
Author(s):  
S. S Ashley-Dejo ◽  
O. J. Olaoye ◽  
O. A. Adelaja
Keyword(s):  
Comparative Evaluation ◽  
Simple Random Sampling ◽  
Structured Interview ◽  
Economic Benefits ◽  
Primary Data ◽  
Cost Ratio ◽  
Fish Production ◽  
Gross Margin ◽  
Significant Difference ◽  
Production Technologies

This study assessed the Data were analyzed using descriptive statistics, budgetary analysis profitability ratios and inferential statistics. The study revealed that a Significant level of profit obtained from the study is evidence that adopters had more profit than non-adopters. comparative evaluation of economic benefits of adopters and nonadopters of improved fish production technologies in Oyo State, Nigeria. Primary data were collected with the aid of structured interview schedule administered to 222 active fish farmers using purposive and simple random sampling procedure. dopters of improved fish production technologies earned mean revenue of N4,873,521.29 with gross margin of N2,376,616.36 while non-adopters earned N3,347,719.08 with gross margin of N1,432,805.00. The results showed Benefit Cost Ratio (1.69 and 1.49), Rate of Return on Investment (0.69 and 0.49), Gross Revenue ratio (0.59 and 0.67), Expenses Structure Ratio (0.15 and 0.17) and Net Profit Margin (0.41 and 0.33) for both the adopters and non-adopters. There was a significant association between adoption of improved technologies and sex, educational level, occupation and marital status. Also, there was a significant relationship between adoption of improved technology and age, years of experience and house hold size. There was a significant difference between the profit level of adopters and non-adopters of improved technologies.

scholarly journals Socio-economic characteristics of registered cocoa farmers in Edo State, Nigeria

2016 ◽  
Vol 20 (2) ◽  
pp. 261-266
Author(s):  
C.O. Osarenren ◽  
J.O. Ejuetueyin ◽  
K.I. Eweka
Keyword(s):  
Large Scale ◽  
Formal Education ◽  
Sampling Technique ◽  
Primary Data ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Cocoa Production ◽  
Edo State ◽  
Cocoa Farmers

This study examined the socio-economic characteristics of registered cocoa farmers in Edo State; Nigeria. Primary data was collected using a well structured questionnaire administered to 180 registered cocoa farmers selected using a multi-stage sampling technique. Data were analyzed using descriptive statistics and budgetary technique. Results showed that 88.9% of cocoa farmers were male with a mean range of 46 years with 75% being married and 88.8% having formal education. The budgetary technique was used to determine the profitability of cocoa production, which was found to be profitable in the study area at a gross margin of N66, 350, Net Farm Income of N59, 200, and net return on investment of N 1.11.The Benefit Cost Ratio and Expense Structure Ratio of 2.11 and 0.12 respectively indicated that cocoa production was economically profitable and viable since the BCR is greater than 1 and the Gross Ratio (GR) of cocoa production is 0.47. From these profitability ratios, it shows that cocoa production is a profitable business in the study area. Inadequate finance to operate on large scale was found to be the major constraint to the cocoa farmers in the study area. The study concludes that cocoa production is profitable and was recommended that production could be improved and sustained through provision of soft loans to the farmers.Keywords: socio-economics, characteristics, registered cocoa farmers

scholarly journals EVALUATION OF THE PROFITABILITY AND PERFORMANCE OF YOUTH PARTICIPATION IN CASHEW NUT (ANACARDIUM OCCIDENTALE) MARKETING IN ANKPA LOCAL GOVERNMENT AREA OF KOGI STATE, NIGERIA

2018 ◽  
Vol 2 (1) ◽  
pp. 49
Author(s):  
Adeio P.E ◽  
Adejo E.G ◽  
Zakari J
Keyword(s):  
Local Government ◽  
Market Integration ◽  
High Efficiency ◽  
Local Government Area ◽  
Youth Participation ◽  
Primary Data ◽  
Gross Margin ◽  
Cashew Nut ◽  
Marketing Efficiency ◽  
And Performance

This study assessed youth participation in cashew nut marketing in Ankpa Local Government Area of Kogi State, Nigeria. It specifically described the socioeconomic characteristics of the youths, examined the profitability of youth involvement in cashew nut marketing, assessed the efficiency and performance of youth in cashew nut marketing, and determined the level of market integration in cashew nut marketing. A three staged random sampling method was used to select 120 youth involved in cashew nut marketing for the study. Relevant primary data obtained through structured questionnaire were analysed using descriptive statistics, gross margin model, marketing efficiency, and Pearson price correlation. Findings of the study showed a mean age and marketing experience of 37 years and 10 years respectively. Gross margin obtained was N 445, 563.90 per annum, N14, 811.11 per bag and N185.11per kg with a high efficiency level of 654%. The level of integration (0.415) between Awo and Enjema markets was significant 5%. Youth are encouraged to consider cashew nut marketing as an option to reduce unemployment and improve their welfare. 

scholarly journals Tribal womens involvement with pig farming in Bangladesh: an evidence of Moulvibazar district

2018 ◽  
Vol 16 (1) ◽  
pp. 115-127
Author(s):  
R Khanum ◽  
MSA Mahadi ◽  
MS Islam
Keyword(s):  
Low Income ◽  
Farm Size ◽  
Primary Data ◽  
Farm Income ◽  
Cost Ratio ◽  
Gross Margin ◽  
Factors Affecting ◽  
Model Average ◽  
Pig Farming ◽  
Benefit Cost

The study examined the profitability and factors affecting farm income from pig farming in Moulvibazar district of Bangladesh. A multistage sampling technique was followed to select 70tribal women entrepreneurs involved with pig farming. Primary data were collected through structured questionnaire and analyzed using descriptive statistics, independent sample t-test, benefit-cost analysis, and linear regression model. Average age of pig entrepreneurs was 39.47 years which indicates that they are young and agile. About 71% of Garo entrepreneurs had experience for pig farming. The cost and return analysis showed that in one year, the gross margin was Tk. 56743.70, while the benefit-cost ratio (BCR) was 1.19 indicating that the enterprise is profitable. Regression analysis revealed that three variables namely farm size, age of the respondent and experience of pig farming are significant factors affecting farm income. Thus, it was recommended that tribal women should be encouraged to practice pig farming to overcome their low income and unemployment situation.SAARC J. Agri., 16(1): 115-127 (2018)

Sign in / Sign up

Export Citation Format

Share Document