EFFECT OF POST ECONOMIC RECESSION ON PROFIT ABILITY OF SMALL SCALE POULTRY EGG FARMING IN EKITI STATE, NIGERIA

ABSTRACT

Developing countries all over the world, Nigeria inclusive has suffered low profitability or losses in poultry egg farming during economic recession. Therefore this study examined the effects of post economic recession on profitability of small scale poultry egg farming in Ekiti State, Nigeria. This study adopted a Three-stage sampling procedure to select eighty poultry egg farmers in Ekiti State. Primary data for the study was collected through the use of well structured questionnaire. Data were analyzed using descriptive statistics, Gross margin analysis, benefit cost ratio, multiple regression analysis and 5 point likert scale. Findings from the study showed that majority (63.7%) of the respondent were male with a mean age of 4.4years. Farmers with formal education were (98.8%). The married respondents were 58.8% with 41% having large household size of above 5 persons. Majority (68.8%) are medium size farmers with 200- 500 birds. The study revealed the mean profit margin during economic recession as N418,067 and NJ,576,953.00 for post recession. Also, the benefit cost ratio for business viability revealed 6.67 for during economic recession and 41.96 for post economic recession. The regression analysis indicated that years of experience in poultry egg farming, number of birds raised, price of egg and crates of egg produced positively affect profit per crate of egg during post economic recession. The coping strategies adopted by the farmers to maintain their profit after economic recession includes the use of disinfectant/bath, cleaning and disinfecting programmes, sales of poultry manures, manipulating some daily and routine practices and increasing price of egg and .spent layers. The study offers useful policy recommendation which includes the need for the government to invest more in the agriculture production so as to help maintain and improve the small scale poultry egg production and hence improve the country's GDP.

Keywords: Economic recession, Profitability, Small scale farmers, coping strategy, GDP

TABLE OF CONTENTS

Title page

Declaration

Certification

Dedication

Acknowledgement

Table of contents

List of tables

List of figures

Abstract

CHAPTER ONE: INTRODUCTION

1.1Background information 1.2Problem statement

1.3 Objectives

1.4 Justification

CHAPTER TWO: LITERATURE REVIEW

2. 1 Conceptual review

2.2 Recession

2.3 recession in Nigeria

2.4 poultry egg production in Nigeria

2.5 poultry farming during and after recession

CHAPTER THREE: METHODOLOGY

3.1 Study area

3.2 Sampling and sampling procedure

3.3 Data collection

3 .4 Measurement of

3.5 Data analysis

CHAPTER FOUR: RESULTS AND DISCUSSION

4.1 Socio-economic characteristics of the respondents

4.2 Poultry egg Farmers Membership of Cooperative society

4.3 Management Systems of the Poultry egg farmers (battery cage or deep litter) 4.4 Mode of Occupation of the Poultry egg farmers

4.5 Location of the Poultry egg farmers

4.6 Poultry egg farmers coping levels during Recession

 4.7 Poultry egg farmers coping levels after Recession (Post Recession) 27

4.8 Profitability of Poultry egg Farming during and after (post) Economic Recession 27

4.8.1 Profitability of Poultry egg Farming after Economic Recession

4.8.2 Profitability of Poultry egg Farming during Economic Recession

4.9 Relationship between Profit Crate and Variables affecting Profit of the Poultry egg Farmers after Recession

4.10 Viability of poultry egg farming after (post) and during Economic Recession 34

4.11 Coping strategies of the poultry egg farmers during the post economic recession 34

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary

5.1.1 Summary of results

5.2 Conclusion

5.3 Recommendations

REFERENCES

APPENDIX