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Research Paper | Agricultural Economics | Nigeria | Volume 9 Issue 2, February 2020
Comparative Analysis on Profitability of Broiler and Turkey Production in Anambra State, Nigeria
Abstract: The study compared the profits from broiler and turkey productions in Anambra State, Nigeria. This was as a result of the deficit discovered in the supply of animal protein in the State. The data used in the study were obtained from a cross-sectional survey of broiler and turkey farmers in the State. Purposive and simple random sampling procedures were used to select 321 farmers for the study. The data collected were analysed using descriptive statistics, budgetary method and Z-statistic. The result showed the mean ages of 43.1 and 43.9 years for broiler and turkey farmers respectively. Majority of the farmers were educated up to the secondary level, and had average poultry farming experience of 12.1 years for the broiler and 11.5 years for the turkey farmers. The budgetary estimation showed a net return of ₦760.88 in broiler farming, while it was ₦1, 498.27 in turkey farming (per bird). The profitability ratios showed the Return on Investment (RoI) of 1.53, Net return on Investment (NRoI) of 0.53, and Gross ratio of 0.66 in broiler production as against RoI (1.57), NRoI (0.57) and Gross ratio (0.64) in turkey production. Although both productions were found profitable, turkey farmers recorded more profit. Therefore, farmers and investors should invest more in turkey production as a strategy to bridging the animal protein supply deficit.
Keywords: Comparative analysis, profit, return on investment, broiler and turkey production
Edition: Volume 9 Issue 2, February 2020,
Pages: 511 - 515