Abstract
This study examined the economics of poultry production in Kwara State, Nigeria using budgetary and profit index analysis. Primary data were collected through a set of structured questionnaire from 80 registered poultry farmers using a systematic random sampling technique. The results of the study showed that 72.5% of the respondents were youth with the mean age of 38.7 years and 63.8% choose poultry farming as main occupation. Analysis of costs and returns revealed that poultry production is profitable in the study area. The gross income and net income for eggs production were found to be ₦4,062,422 and ₦1,255,965, respectively, while the gross and net incomes for broilers production were ₦1,683,209 and ₦499,187, respectively. The regression analysis showed that stock capacity, variable, and fixed costs including labour, feed, and equipment were the significant factors affecting poultry farm business in the study area. These costs increase as the size of the business increases. To achieve optimum output and maximise profit, poultry producers in the study area would have to stem down cost of production. Provision of technical education through extension agents would greatly help in achieving this lofty goal. Key word: Poultry production, budgetary analysis, benefit cost ratio, regression analysis.
Highlights
One of the major challenges facing Nigeria is the satisfaction of the ever-increasing demand for protein
This study examined the economics of poultry production in Kwara State, Nigeria using budgetary and profit index analysis
An attempt to examine the economics of poultry production in Kwara State was the principal focus of this study
Summary
One of the major challenges facing Nigeria is the satisfaction of the ever-increasing demand for protein. Most Nigerian diets are deficient in animal protein. The FAO recommends that the minimum intake of protein by an average person should be 65 g per day; of this, 36 g (that is, 40%) should come from animal sources. The country is presently unable to meet this requirement. The animal protein consumption in Nigeria is 15 g per person per day (Tijjani et al, 2012) which is a far cry from the FAO recommendation. Wide spread hunger, poor, and stunted growth as well as increase in spread of diseases are evident in the country
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