Analysis of Profitability of Fish Farming Among Women in Osun State, Nigeria

Abstract

The simple random sampling technique was employed in selecting 62 farmers drawn from the sampling frame obtained from the list of Agricultural Development Programme (ADP) contact farmers in the four Local Governments Areas (LGAs) of Egbedore, Olorunda, Ede South and Ife Central, which made up the study area. The main instrument for collecting the primary data was structured questionnaire. It is evident from the result is that an average total cost of N371486.35 was incurred per annum by fish farmers while gross revenue of N791242.52 was realized with a gross margin of N 574314 and a profit of N 419756.17. The rate of return on investment of 0.58 implies that for every one naira invested in Fish production by farmers, a return of N1.5 and a profit of 58k were obtained. The multiple regression result revealed that fish output was significantly determined by pond size, labour used, cost of feeds, cost of lime and cost of fingerlings. The study concluded that fish production in the study area is economically rewarding and profitable.