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Analysis of Profitability and its Determinants in Small Scale Turkey Production in Anambra State, Nigeria

Ezeano C. I., Ohaemesi C. F.

Abstract: The study analysed the profitability of turkey production and its determinants in Anambra State, Nigeria. This was borne out of the deficit reported on the animal protein supply and consumption of the people in the area. The data used were obtained from a cross-sectional survey of turkey farmers in the state. Multi-stage sampling technique which included purposive and simple random techniques were used to select 83 farmers for the study. The data collected were analysed using descriptive statistics, ordinary least square (regression), budgetary tools and profitability ratios. The results showed that majority of the farmers were 43.9 years, attended secondary education, had turkey farming experience of 11.5 years and a household size of 6 persons on the average. The budgetary estimation showed a Net return of ?1, 498.27, Profitability Index (PI) of 0.57, Return on Investment (RoI) of 56.67%, Capital Turn-Over (CTO) of 1.57 and a Gross ratio of 0.64. These results, with a Z-value of 42.49 (P

Keywords: Turkey production, cost and return, profitability, determinants

Country: Nigeria, Subject Area: Agricultural Economics

Pages: 455 - 460

Edition: Volume 8 Issue 11, November 2019

How to Cite this Article?

Ezeano C. I., Ohaemesi C. F., "Analysis of Profitability and its Determinants in Small Scale Turkey Production in Anambra State, Nigeria", International Journal of Science and Research (IJSR), https://www.ijsr.net/archive/v8i11/show_abstract.php?id=ART20202290, Volume 8 Issue 11, November 2019, 455 - 460

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