Profitability Analysis of Small ruminants (Goat and Sheep) Production in Rural Communities of Ghana

Opoku Agyeman ,Liu Shuai ,Yagbasuah Maada Baion ,Charles Kwarteng Antwi

doi:10.23977/agrfem.2021.040107

Abstract

Agriculture is the main driving force of rural economies with livestock, especially small ruminants’ making an important contribution. This study sought to analyse the profitability of small ruminants (goat and sheep) production in rural communities. Primary data from questionnaire administration and secondary data were used. A budgetary analytical technique was used for the analysis to estimate the profit of the enterprises. The study found that small ruminants (goat and sheep) production is profitable and viable with a revenue-cost ratio of 1.86. Therefore, government and non-governmental organizations should support small ruminant producers with credit, adequate training, and make it a major component of farming to curb unemployment.

Highlights

1.1 BackgroundThe globalization of Agriculture has expanded market opportunities for livestock producers [1]
This study sought to analyse the profitability of small ruminants production in rural communities
Livestock makes an important contribution to most economies; they serve as food, provide security, enhance crop production, and generate cash for the rural and urban population [2]

Summary

Introduction

1.1 BackgroundThe globalization of Agriculture has expanded market opportunities for livestock producers [1]. Livestock makes an important contribution to most economies; they serve as food, provide security, enhance crop production, and generate cash for the rural and urban population [2]. Despite the numerous importance of livestock especially small ruminants, its production is still considered as a way of life and not a business. With the realization of the need to increase the animal source of protein in the diet of the average Ghanaian, it is becoming increasingly important to adopt efficient methods to improve animal production. This will involve changes in management husbandry practices and the provision of adequate and appropriate health schemes [3]. Goat meat is a delicacy in several of the Ghanaian communities, yet protein deficiency is widespread in low-income groups in Ghana [4]

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Results

Conclusion