Profitability of broiler production in Cross River State, Nigeria

Abstract

The study was carried out to determine profitability of broiler production in Cross River State, Nigeria. A three stage multi sampling technique was adopted in the selection of 180 respondents. Data collected were analysed using descriptive statistics such as frequency, mean, ranking and percentages, as well as budgeting techniques tools such as net farm income (NFI), return to naira invested (RNI), gross and operating ratios (GR and OR) respectively. Result of analysis showed that socio-economic attributes of broiler farmers - age, sex, marital status, education, experience, business size and training studied influenced on broiler production in the area. Furthermore, the study revealed that broiler production is a profitable venture in the area. This is arising from the difference between a total revenue of N704, 000 and total cost of N419, 153 respectively, representing a net profit of N284, 646.6 or 67.90% of the total amount of money invested, within a production season of eight weeks. The return per naira invested ratio was 1.64, this meant that for every naira invested, N1.64 profit was made by the broiler farmer, this further indicated that the business is profitable. The gross ratio, which measured the overall financial success of the business recorded 0.61. However, cost of feeds, lack of extension services, financial constraints, cost of day old chick’s medication among others are the constraints affecting effective broiler production in the area. Based on the findings of this study, the following are recommended: regular extension training on broiler production should be carried out by the relevant government agencies, feeds should be subsidized and made easily available by government, production of day old chicks should be subsidized by government to cushion the effect of their high cost and livestock farmers should be encouraged to invest on the poultry subsector for it profitability.