Abstract
A stochastic frontiers production analysis was applied to survey data of fish farmers from Ogun State, Nigeria to estimate technical efficiency and production elasticities. The results revealed that pond area, quantity of lime, quantity of labor, and quantity of fingerlings were found to be significant factors that contributed to the technical efficiency of concrete pond systems. The quantity of feed, labor, fingerlings, and other materials were significant factors in earthen ponds. The economic efficiency analysis revealed that operators of both types (concrete and earthen ponds) are fairly economically efficient with a range of between 55% and 84% efficiency. This is probably due to the fact that farmers are experienced and fairly well educated. These findings show that if there is increased intensification and more improvement in technical and price efficiency in fish farming enterprises, more intensive use of inputs would increase the potential for output growth.
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