Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria

This study examined profitability in layers production from day old chicks to point of lay in Esan North East and Ovia North East Areas of Edo State. A simple random sampling of 135 poultry farmers was carried out in the study area in order to generate data for the analysis. Data collected were anal...

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Main Authors: CO Emokaro, PO Erhabor
Format: Article
Language:English
Published: Joint Coordination Centre of the World Bank assisted National Agricultural Research Programme (NARP) 2014-06-01
Series:Journal of Applied Sciences and Environmental Management
Online Access:https://www.ajol.info/index.php/jasem/article/view/103935
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author CO Emokaro
PO Erhabor
author_facet CO Emokaro
PO Erhabor
author_sort CO Emokaro
collection DOAJ
description This study examined profitability in layers production from day old chicks to point of lay in Esan North East and Ovia North East Areas of Edo State. A simple random sampling of 135 poultry farmers was carried out in the study area in order to generate data for the analysis. Data collected were analyzed using Net Profit (NP), Gross Margin (GM), Benefit Cost Ratio  (BCR), Rate of Return on Investment (RRI), Rate of Return on Fixed Cost (RRFC), Rate of Return on Variable Cost (RRVC) and Return per Naira invested (R/N) and . Results of the study showed that the business of layers production was profitable and viable in the study area with the following mean indices; BCR =N1.39, RRI=N138.67, RRFC=N2,097.12 RRVC N139.43 and R/N= N0.41 in. the mean gross revenue for the respondents was computed as N7,324,350, with a gross margin of N2,144,638.00 and net profit was N2,042,371.96. Result of the regression analysis showed that three of the eight explanatory variables contributed significantly to income earned from poultry business; these are fixed cost (P <0.10), layers mash (P < 0.01) and miscellaneous expenses (P <0.05). © JASEM
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spelling doaj.art-538946f6a22748568a7697a1cd5d460d2024-04-02T19:53:41ZengJoint Coordination Centre of the World Bank assisted National Agricultural Research Programme (NARP)Journal of Applied Sciences and Environmental Management2659-15022659-14992014-06-0118110.4314/jasem.v18i1.17Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, NigeriaCO EmokaroPO ErhaborThis study examined profitability in layers production from day old chicks to point of lay in Esan North East and Ovia North East Areas of Edo State. A simple random sampling of 135 poultry farmers was carried out in the study area in order to generate data for the analysis. Data collected were analyzed using Net Profit (NP), Gross Margin (GM), Benefit Cost Ratio  (BCR), Rate of Return on Investment (RRI), Rate of Return on Fixed Cost (RRFC), Rate of Return on Variable Cost (RRVC) and Return per Naira invested (R/N) and . Results of the study showed that the business of layers production was profitable and viable in the study area with the following mean indices; BCR =N1.39, RRI=N138.67, RRFC=N2,097.12 RRVC N139.43 and R/N= N0.41 in. the mean gross revenue for the respondents was computed as N7,324,350, with a gross margin of N2,144,638.00 and net profit was N2,042,371.96. Result of the regression analysis showed that three of the eight explanatory variables contributed significantly to income earned from poultry business; these are fixed cost (P <0.10), layers mash (P < 0.01) and miscellaneous expenses (P <0.05). © JASEMhttps://www.ajol.info/index.php/jasem/article/view/103935
spellingShingle CO Emokaro
PO Erhabor
Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
Journal of Applied Sciences and Environmental Management
title Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
title_full Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
title_fullStr Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
title_full_unstemmed Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
title_short Comparative Analysis of Profitability of Layers Production in Esan North East and Ovia North East Local Government Areas of Edo State, Nigeria
title_sort comparative analysis of profitability of layers production in esan north east and ovia north east local government areas of edo state nigeria
url https://www.ajol.info/index.php/jasem/article/view/103935
work_keys_str_mv AT coemokaro comparativeanalysisofprofitabilityoflayersproductioninesannortheastandovianortheastlocalgovernmentareasofedostatenigeria
AT poerhabor comparativeanalysisofprofitabilityoflayersproductioninesannortheastandovianortheastlocalgovernmentareasofedostatenigeria