Journal of the Indonesian Tropical Animal Agriculture
Vol 48, No 3 (2023): September

Econometric analysis of profit efficiency of broiler farms in Ondo state, Nigeria

O. L. Balogun (Department of Agriculture and Industrial Technology, Babcock University)
M. D. Olumide (Department of Agriculture and Industrial Technology, Babcock University)
K. Ayantoye (Department of Agricultural Economics & Extension, Kwara State University)
A. M. Bolarinwa (Department of Agriculture and Industrial Technology, Babcock University)
T. O. Agboola (Department of Agricultural Economics, Osun State University)



Article Info

Publish Date
31 Aug 2023

Abstract

Researchers have recently focused their attention on the chicken producers' inability to produce in sufficient quantities and quality, which contributes to the high price of locally produced chickens. The study investigated the profit efficiency of broiler farms in Ondo state, Nigeria. In order to collect cross-sectional data from sixty owners of broiler poultry farms in the study area between October 2021 and January 2022 for the 2021 production year, a multistage survey technique was used. The data were an-alyzed using descriptive statistics, gross margin and Cobb-Douglas stochastic profit frontier model. Average stock size and mortality rate of farmers were 1826 birds and 3.3% respectively while Ross strain of birds was most preferred birds. The result indicated that broiler farming is a lucrative busi-ness with a profitability index of 45.5 %. The results reveal that the cost of feed, cost of labour used and day-old chicks were the variables that significantly explained the profit efficiency of broiler poul-try farms while household size, years of experience and other income source were the profit inefficien-cy variables. The study recommends government supports to broiler farms in form of input subsidies to enhance efficiency

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Journal Info

Abbrev

jitaa

Publisher

Subject

Agriculture, Biological Sciences & Forestry Earth & Planetary Sciences

Description

Journal of the Indonesian Tropical Animal Agriculture (JITAA) is a double blind peer-reviewed publication devoted to disseminate all information contributing to the understanding and development of animal agriculture in the tropics by publication of original research ...