Analysis of Sustainable Small Scale Catfish Farming in South Eastern Nigeria

Authors

  • Chiekezie, N. R. Department of Agricultural Technology and related disciplines Anambra State Polytechnic, Mgbakwu, Anambra State, Nigeria
  • Ozor, M. U. Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria
  • Nwankwo, E. C. Department of Agricultural Economics and Extension, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State
  • Ositanwosu, C. O. Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria
  • Obiekwe, N.J. Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria

Keywords:

Cost, Returns, Profitability, Regression

Abstract

Small scale Catfish farming involves the rearing of catfish under controlled conditions for socio-economic benefits. It is regarded as excellent aquaculture specie because it grows fast, tolerates extreme temperature, and has a good feed conversion rate. Engaging in small scale catfish production is a way of substantially improving the demand-supply gap currently experienced in the industry. The study examined the socio-economic characteristics of the small scale catfish farmers in the study area, analysed the cost and returns of farmers and examined the influence of socio-economic characteristics on Net-income. Primary data used for the study was collected using well-structured questionnaires which were administered to sampled catfish farmers. In analyzing the data, descriptive statistical tools (frequency counts, means and percentages), enterprise budgeting techniques (Gross margin, Net-farm income) and Multiple Regression Analysis were used to analyse the data. The Return on Investment was ₦1.51 and it implies that the catfish production enterprise generated 1.51 times more income than expenses incurred for the production. In addition, the result indicates a Gross ratio of 66% and a Profitability Index (PI) of 0.34 which means that for every naira earned as revenue, 0.34kobo was returned to the farmer as net income. Out of the nine independent variables included in the model, five; (age, educational attainment, experience, flock size and membership of farmer’s society) were statistically significance while the rest were not significance. This result indicated that catfish production is a highly lucrative enterprise to venture into in the study area.

 

Author Biographies

Chiekezie, N. R., Department of Agricultural Technology and related disciplines Anambra State Polytechnic, Mgbakwu, Anambra State, Nigeria

 

 

Ozor, M. U., Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria

 

 

Nwankwo, E. C., Department of Agricultural Economics and Extension, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State

 

 

Ositanwosu, C. O., Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria

 

 

Obiekwe, N.J., Department of Agricultural Economics and Extension, Nnamdi Azikiwe University, Awka, Nigeria

 

 

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Published

2023-03-23

How to Cite

Chiekezie, N. R., M. U., O., Nwankwo, E. C., Ositanwosu, C. O., & Obiekwe, N. (2023). Analysis of Sustainable Small Scale Catfish Farming in South Eastern Nigeria. E-Proceedings of the Faculty of Agriculture International Conference, 44–50. Retrieved from https://journals.unizik.edu.ng/faic/article/view/1887