NOLEGEIN Journal of Business Risk management Open Access

Profitability of Indigenous and Hybrid Poultry Birds Enterprises in Imo State, Nigeria

  1. Osuji E.E
  2. Ibeagwa O.B
  3. Chikezie C
  4. Anyiam K.H
  5. Anyanwu U.G
  6. Okonkwo E.K

Abstract

Mixture poultry endeavors are turning out to be more liked to native poultry ventures in Imo StateNigeria. This study in a bid to establish a reason for this development, investigated the profitability ofthe two enterprises and the factors that influence their profitability. Essential information weregathered utilizing a bunch of organized poll from 96 respondents drawn from 48 native grill ranchersand 48 half breed oven ranchers who were chosen through multistage, purposive and irregular testingstrategies. Information were dissected utilizing graphic measurements, benefit proportions and thestandard Least squares products relapse method. The results showed that the majority of therespondents were in their mid-forties with mean age of 46 years and 45 years respectively. Femalepoultry farmers dominated in the indigenous birds based poultry enterprises while male farmers weremostly involved in hybrid bird poultry production. Majority of the entrepreneurs had formaleducation with an average of 13 years and 14 years. The degree of instruction (P<0.01), stock size(P<0.01), depreciation of capital assets (P<0.1), amount of credit (P<0.01) and total cost (P<0.01)are factors that influence the profitability of indigenous birds based poultry enterprises in the State.The age of the entrepreneur (P<0.01), the level of education of the entrepreneur (P<0.05), the stocksize (P<0.1), depreciation of capital assets (P<0.05) influenced the profitability of hybrid birds basedpoultry enterprises. The study recommended that extension of credit, better educational facilities topoultry enterprises and entrepreneurs in the State.

Keywords

Support