Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria
The study examined the profitability and technical efficiency in homestead catfish production in the central agricultural zone of Delta State, Nigeria. Primary data were obtained from 162 homestead catfish farmers with the aid of well-structured questionnaire, using multi-stage sampling procedure. B...
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2017-01-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2017/0352-34621704449E.pdf |
| _version_ | 1818511518978801664 |
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| author | Emmanuel Inoni Odjuvwuederhie Dicta Ogisi 'Oraye Odemero Achoja Felix |
| author_facet | Emmanuel Inoni Odjuvwuederhie Dicta Ogisi 'Oraye Odemero Achoja Felix |
| author_sort | Emmanuel Inoni Odjuvwuederhie |
| collection | DOAJ |
| description | The study examined the profitability and technical efficiency in homestead catfish production in the central agricultural zone of Delta State, Nigeria. Primary data were obtained from 162 homestead catfish farmers with the aid of well-structured questionnaire, using multi-stage sampling procedure. Budgetary analysis and stochastic frontier production function were used to analyse the data. Catfish production was found to be profitable with a net margin of 67.17/kg; net margin of 490.31/m2 and a net margin-total cost ratio of 29%. Maximum likelihood estimates (MLE) results indicated that pond size, feeds, fingerlings and labour positively and significantly affected homestead catfish output. The returns to scale (RTS) of 2.26 implied that the farm firms in the area exhibited increasing returns to scale. Technical efficiency of catfish farms ranged from 28% to 96% with an average of 87%. Observed inefficiency was due to age, education, credit access and household size. |
| first_indexed | 2024-12-10T23:34:16Z |
| format | Article |
| id | doaj.art-00ba7ca13bea42e2ac3a53f784749384 |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-12-10T23:34:16Z |
| publishDate | 2017-01-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-00ba7ca13bea42e2ac3a53f7847493842022-12-22T01:29:15ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532017-01-01644144914650352-34621704449EProfitability and technical efficiency in homestead catfish production in Delta State, NigeriaEmmanuel Inoni Odjuvwuederhie0Dicta Ogisi 'Oraye1Odemero Achoja Felix2Delta State University, Faculty of Agriculture, Department of Agricultural Economics & Extension, Abraka, Delta State, NigeriaDelta State University, Faculty of Agriculture, Department of Agricultural Economics & Extension, Abraka, Delta State, NigeriaDelta State University, Faculty of Agriculture, Department of Agricultural Economics & Extension, Abraka, Delta State, NigeriaThe study examined the profitability and technical efficiency in homestead catfish production in the central agricultural zone of Delta State, Nigeria. Primary data were obtained from 162 homestead catfish farmers with the aid of well-structured questionnaire, using multi-stage sampling procedure. Budgetary analysis and stochastic frontier production function were used to analyse the data. Catfish production was found to be profitable with a net margin of 67.17/kg; net margin of 490.31/m2 and a net margin-total cost ratio of 29%. Maximum likelihood estimates (MLE) results indicated that pond size, feeds, fingerlings and labour positively and significantly affected homestead catfish output. The returns to scale (RTS) of 2.26 implied that the farm firms in the area exhibited increasing returns to scale. Technical efficiency of catfish farms ranged from 28% to 96% with an average of 87%. Observed inefficiency was due to age, education, credit access and household size.https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2017/0352-34621704449E.pdfProfitabilityStochastic Frontier FunctionTechnical EfficiencyHomestead Catfish Production |
| spellingShingle | Emmanuel Inoni Odjuvwuederhie Dicta Ogisi 'Oraye Odemero Achoja Felix Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria Ekonomika Poljoprivrede (1979) Profitability Stochastic Frontier Function Technical Efficiency Homestead Catfish Production |
| title | Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria |
| title_full | Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria |
| title_fullStr | Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria |
| title_full_unstemmed | Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria |
| title_short | Profitability and technical efficiency in homestead catfish production in Delta State, Nigeria |
| title_sort | profitability and technical efficiency in homestead catfish production in delta state nigeria |
| topic | Profitability Stochastic Frontier Function Technical Efficiency Homestead Catfish Production |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2017/0352-34621704449E.pdf |
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