Author : Mamman, b. dagi
Keyword : Poultry; brooding; broiler; cost and returns; women.
Subject : Management
Article Type : Original article (research)
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Abstract : This research was carried out in Lafia Local Government Area of Nasarawa State, Nigeria. It was to determined economic analysis of brood-and-sell of broiler enterprise among women in Lafia Local Government Area of Nasarawa State, Nigeria. Thirty five (35) women involved in brood-and – sell enterprises were randomly selected and a well-structured questionnaire was used to collect data for the study. Data collected were analyzed using descriptive statistics and farm budgeting technique. It was revealed that the mean age of the brooders was 41 years of age and signified that they are young and still energetic. It was further shown that majority (91.4%) of the women are literate which help them in managing the resources efficiently for optimum profit. Those that are married constituted about 62.9% while widow/single constituted about 28.6%. The mean years of experience on the business was 11 years and the informal sources of credit constituted 85.7% while formal source was 14.3%. The total cost was N247,375.00 and total variable cost was N244,625.00 which total variable cost has a share of about 90.1% of the cost. The income or revenue was N343,450.00 while the gross margin was N98,825.00 with net farm income (NFI) of N96,075.00. The benefit-cost ratio (BCR) was 1.39 and operating ratio was 0.71 (71.2%), Gross ratio (GR) was 0.72 (72.0%) and the return on investment (ROI) was 0.40 (40%) signified that for every one naira invested, 40 kobo goes to the investor.
Article by : Mamman Bala Dagi
Article add date : 2023-02-07
How to cite : Mamman, b. dagi. (2023-February-07). Economics analysis of brood - and -sell of broiler enterprise among women in lafia local government area of nasarawa state, nigeria.. retrieved from https://www.openacessjournal.com/abstract/1170