PROFITABILITY ANALYSIS OF LAYER ENTERPRISE IN ESAN NORTH EAST AND OVIA NORTH EAST LOCAL GOVERNMENT AREAS OF EDO STATE, NIGERIA


PROFITABILITY ANALYSIS OF LAYER ENTERPRISE IN ESAN NORTH EAST AND OVIA NORTH EAST LOCAL GOVERNMENT AREAS OF EDO STATE, NIGERIA

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 44 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

2,197 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
PROFITABILITY ANALYSIS OF LAYER ENTERPRISE IN ESAN NORTH EAST AND OVIA NORTH EAST LOCAL GOVERNMENT AREAS OF EDO STATE, NIGERIA

ABSTRACT

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 regression results indicated that the poultry farmers were spending too much credit on fixed capital in production from day old to spent layers with a high probability that increase in miscellaneous expenditure and layers mash will increase the profit from the production. It was observed that improvement in quality of layers mash, increase in efficiency of labour and increase in KW/h used in the production process will increase profit realizable from the production of day-old chicks to point of lay. As shown from the regression results, increase in fixed cost and layers mash will be necessary to maximize profit in production from point of lay to spent layers. Viability analysis indicated that poultry business is profitable (average BCR =1.52, average Return/Naira=0.55). It was shown from the comparative analysis that production from day old chicks to spent layers was the most viable (BCR of 1.64, Return/Naira=0.67) from the three types of production. It was therefore recommended that more people, particularly youth, should be advised to go into layers production, and that Government should mandate commercial banks to reserve a certain percentage of the budget for the poultry farmers at low interest rate.

CHAPTER ONE

1.0 INTRODUCTIONBACKGROUND 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.

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?

1.3 OBJECTIVE 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.

1.4 HYPOTHESIS 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.

1.5 JUSTIFICATION 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.

PROFITABILITY ANALYSIS OF LAYER ENTERPRISE IN ESAN NORTH EAST AND OVIA NORTH EAST LOCAL GOVERNMENT AREAS OF EDO STATE, NIGERIA

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for profitability analysis of layer enterprise in esan north east and ovia north east local government areas of edo state, nigeria:
Reviews: A Review on profitability analysis of layer enterprise in esan north east and ovia north east local government areas of edo state, nigeria, north, east, profitability project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
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... agricultural extension project topics

PROFITABILITY ANALYSIS OF LAYER ENTERPRISE IN ESAN NORTH EAST AND OVIA NORTH EAST LOCAL GOVERNMENT AREAS OF EDO STATE, NIGERIA

Project Information

  • CATEGORY : AGRICULTURAL EXTENSION
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 44 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?