ECONOMI ANALYSIS OF BROODING AND SELLING OF BROILER ENTERPRISE AMONG WOMEN IN LAFIA LOCAL GOVERNMENT AREA OF NASARAWA STATE, NIGERIA
Keywords:Broiler, Brooding, Cost, Poultry, Rations and Returns
The research was carried out in Lafia Local Government Area of Nasarawa State, Nigeria to determined economic analysis of brooding and selling of broiler enterprise among women in Lafia Local Government Area of Nasarawa State, Nigeria. Thirty-five (35) women were randomly selected and a well-structured questionnaire was used to collect data for the study and analyzed using descriptive statistics and farm budgeting technique. The result shows that the mean age of the brooders was 41 years of age and signified that they are young and still energetic. The further shows 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. It was recommended that feed, drugs/vaccine and others be subsidized in order to increase the profit margin of the investors and formal sources of credit should be encouraged.
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