SOCIO-ECONOMIC DETERMINANTS OF PROFITABILITY OF PIG PRODUCTION TECHNOLOGIES AMONG PIG FARMERS IN SOUTH EAST, NIGERIA
Keywords:Economic, Determinants, Profitability, Pig, Production and Technologies
The study was conducted in South East, Nigeria. One hundred and twenty farmers were used for the study. Multi stage random sampling technique was used to select the farmers. Structured questionnaire was used to collect data required for the study. Data collected was coded and analyzed using both qualitative and quantitative techniques. The result of the study revealed that the respondents were relatively young, well experienced with a mean of 9 years production experience and low-income earner with a mean income of ₦649,991. 67. Result of the coefficients of production experience showed a direct relationship between the variable and the farmers’ profit at 5% level of significance in all the production technology used. The coefficient of access to credit for all the production technology was positive and significant at different level (10%, 5% and 5%) for intensive, semi intensive and extensive production technology. There was a positive relationship between the education attainment of the farmers and profit generated at 1%, 5% and 10% level of significance for semi intensive, intensive and extensive production technology respectively. The coefficient of cost of medication for extensive production technology was negative: -0.528 (-2.005) but significant (P<0.01determinant of profit earned. The result of the profitability analysis determined showed that pig production was viable and profitable in the study area for all the technologies used. ROI was of 55k, 45k and 50k for intensive production technology, semi intensive production technology and extensive production technology respectively. Some of the recommendations were that farmers should form cooperative society, pull their resources together and enjoy the benefits of economics of scale and policy makers should develop policies that will enhance credit availability to pig farmers among others.
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