THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE



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THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE



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.

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All Project Materials Inc. (2020). THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE. Available at: https://researchcub.info/department/paper-8633.html. [Accessed: ].

THE ECONOMIC OF TURKEY PRODUCTION IN IMO STATE


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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... Click here for more

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