Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria
Abstract
The continuous importation of fish portends a colossal loss of foreign exchange reserved to Nigeria which requires urgent attention to boost fish production. It is against this backdrop that this study analyzed the profitability analysis of catfish production in Edo State, Nigeria. It specifically describe the production characteristics of the catfish farmers, estimate the input and output quantities of
catfish, determine the profitability and identify the constraints associated with catfish production in the study area. Multi-stage sampling procedure was employed to select a total of 468 catfish farmers from the study area. Data collection was achieved through the administration of structured questionnaire. Data analysis was done using descriptive statistics, budgetary techniques and 4-
Point Likert-type scale. The results revealed that the farmers in the study area used more of personal savings (58.12%), family land (59.40%) and local feed (82.48%). Stocked more at juvenile stage (70.30%) and produced average output of 4859.51kg per production cycle. The results also showed the average total cost incurred and revenue realized were N 543.67 and N 752.56 per kg fish
respectively. The catfish production was profitable with average gross margin, net profit and return per naira invested of N224.35, N208.90 and N1.38 per production cycle respectively. The major constraints faced by catfish farmers were high cost of food (3.96), lack of capital (3.65) and lack of inadequate power supply (3.51) are very serious constraints among others. Since the catfish
production was profitable, the farmers should be encouraged to combat these constraints and expand their holdings to boost production.
Keywords
Details
Primary Language
English
Subjects
Zootechny (Other)
Journal Section
Research Article
Publication Date
December 25, 2022
Submission Date
May 2, 2022
Acceptance Date
November 17, 2022
Published in Issue
Year 2022 Volume: 36 Number: 3
APA
Imade, O. S., & Ahmadu, J. (2022). Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria. Selcuk Journal of Agriculture and Food Sciences, 36(3), 458-465. https://izlik.org/JA52HN55LZ
AMA
1.Imade OS, Ahmadu J. Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria. Selcuk J Agr Food Sci. 2022;36(3):458-465. https://izlik.org/JA52HN55LZ
Chicago
Imade, Osagie Stephen, and Joseph Ahmadu. 2022. “Profitability Analysis of Catfish (Clarias Gariepinus) Production in Edo State, Nigeria”. Selcuk Journal of Agriculture and Food Sciences 36 (3): 458-65. https://izlik.org/JA52HN55LZ.
EndNote
Imade OS, Ahmadu J (December 1, 2022) Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria. Selcuk Journal of Agriculture and Food Sciences 36 3 458–465.
IEEE
[1]O. S. Imade and J. Ahmadu, “Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria”, Selcuk J Agr Food Sci, vol. 36, no. 3, pp. 458–465, Dec. 2022, [Online]. Available: https://izlik.org/JA52HN55LZ
ISNAD
Imade, Osagie Stephen - Ahmadu, Joseph. “Profitability Analysis of Catfish (Clarias Gariepinus) Production in Edo State, Nigeria”. Selcuk Journal of Agriculture and Food Sciences 36/3 (December 1, 2022): 458-465. https://izlik.org/JA52HN55LZ.
JAMA
1.Imade OS, Ahmadu J. Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria. Selcuk J Agr Food Sci. 2022;36:458–465.
MLA
Imade, Osagie Stephen, and Joseph Ahmadu. “Profitability Analysis of Catfish (Clarias Gariepinus) Production in Edo State, Nigeria”. Selcuk Journal of Agriculture and Food Sciences, vol. 36, no. 3, Dec. 2022, pp. 458-65, https://izlik.org/JA52HN55LZ.
Vancouver
1.Osagie Stephen Imade, Joseph Ahmadu. Profitability Analysis of Catfish (Clarias gariepinus) Production in Edo State, Nigeria. Selcuk J Agr Food Sci [Internet]. 2022 Dec. 1;36(3):458-65. Available from: https://izlik.org/JA52HN55LZ