THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE
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Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 87 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00
The study examined the economics
of turkey production in Imo State. Proportionate sampling technique was used to
select one hundred and eighty seven (187) turkey farmers. Primary data were
collected using interview schedule. Data analysis was carried out using
descriptive statistics, farm budgeting technique, financial analysis,
production function analysis, Regression analysis and T-test. Results revealed
that variable costs accounted for 89.3% of the total cost of turkey production,
while fixed cost accounted for the remaining 10.7%. However, the average total
cost per bird was
N4, 350.43, average total revenue was N6,
866.81 and net income was N2, 516.38 indicating that turkey production
in the study area was profitable. Double log production function gave the
best-fit to the data, with R2
value of 0.821. This implied that about 82% variation in the dependent variable
(weight of turkey) was explained by the independent variables included in the
model. On the efficiency of resources used, result showed that turkey farmers
were inefficient in the use of their resources. The major problem faced by
turkey farmers was high cost of feeds. It was recommended that turkey farmers
should increase their scale of production so that the high cost of feed will be
distributed among large number of birds which will in turn cut down the cost.
THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE
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