A comparative economic analysis of aquaculture production systems in Southern Agricultural Zone of Cross River State, Nigeria

Etuk, Ekanem Abasiekong; Ogban, Gloria Onette; Idiong, Christopher Idiong

doi:10.5897/ajar2020.14897

Cited by 4 publications

(3 citation statements)

References 7 publications

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“…This, in turn, helps lower the overall production cost and increases profit margins. These findings align with the research conducted by Etuk et al (2021) who found out that the cost of production in earthen pond is relatively lower than in concrete tanks…”

Section: Water Sourcesupporting

confidence: 92%

Cost-Benefit Analysis of Earthen Ponds against Concrete Tanks Production System in Fish Farming in Abuja FCT, Nigeria

Okochukwu,

Aguebor,

Omini

et al. 2024

EMSJ

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This study comparatively analysed the costs and benefits of fish production for earthen ponds and concrete tanks system in Abuja (FCT), Nigeria. A reconnaissance survey of the six area councils of the area was carried out to locate the fishers. The study further employed multistage sampling technique to select the study respondents. In all, 80 fishers were chosen. Data for the study were collected from primary sources using a well-structured questionnaire with open-ended and close-ended questions. The data was analysed using descriptive statistics (tables, percentages, frequency and mean). The cost-benefit analysis was determined using simple budgetary techniques such as Gross Margin, Net Farm Income, Benefit Cost Ratio and Profitability Ratio. Multiple regression analysis was employed to analyse the factors that contribute to the technical, allocative and economic efficiencies of the two production systems in the study area. The result showed that the Gross Margin Index (GMI) for earthen ponds is 3,099,978.98 and 2,960,635.08 for concrete ponds with Cost Benefit Ratio of 2.4 and 2.2, respectively. Feed cost in earthen ponds represents 77% of the TVC, while it represents 67% in the concrete tank production system. Though the concrete tank production system uses more feed than the earthen pond production system. The revenue generated from fish sales is greatly influenced by the location and method of sale. The study concludes that earthen pond system was slightly more economic than the concrete tank production system. The study, therefore, recommends that fishers should come together to form a cohesive and strong association which will be able to negotiate with wholesalers and other middlemen for price bargaining.

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Section: Water Sourcesupporting

confidence: 92%

Cost-Benefit Analysis of Earthen Ponds against Concrete Tanks Production System in Fish Farming in Abuja FCT, Nigeria

Okochukwu,

Aguebor,

Omini

et al. 2024

EMSJ

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“…The zone is bounded by the River Niger on the west, the riverine Niger Delta on the south, the flat North central region to the north, and Cross River State on the east. The zone is located at Latitudes 4 o 30 1 and 7 o 30 1 North of the equator and longitudes 6 o 45 1 and 8 o 45 1 East of the Greenwich Meridian with a total land area of ten million, nine hundred and fifty-two thousand, four hundred hectares (10,952,400 ha). The zone contributes greatly to the Nigerian economy due to its endowment with arable land, oil and natural gas reserves along with the growing industrialised economy.…”

Section: Area Of the Studymentioning

confidence: 99%

Determinants of technical and allocative efficiencies in catfish (Clarias gariepinus) Production in South-East, Nigeria

Francis,

Annunciata,

Emmanuel

2024

IJMRGE

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The study analysed technical and allocative efficiencies and their determinants in Southeast zone of Nigeria with the objectives of examining and identifying the socioeconomic characteristics of the catfish farmers in the area, the technical and allocative efficiency levels of the farmers, the determinants of technical and allocative efficiencies in catfish production, and the effect of pond systems on technical and allocative efficiencies. Multi stage and simple random sampling procedures were adopted in the selection of 384 respondents for the study. The results showed that majority of the farmers were males, educated up to secondary school level, with the mean fish production experience of 9.6 years, and high use of family labour. It was also found that average stocking rate was 2,500 per production phase with average duration of production of 6months. The result on the efficiency distribution showed that the mean technical and allocative efficiency levels of the farmers were 0.73 and 0.87 respectively. The results further pointed out that the socio-economic characteristics included in the study significantly contributed to technical and allocative efficiencies of catfish farmers in the area with experience standing out as the most important. Lastly, it was found that farmers who farmed in earthen ponds allocated their resources more efficiently.

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“…Fish farming also moves the nation towards achieving its goals of food security generates employment and saves foreign exchange revenue through import substitution of fish and fish product (Esiobu and Onubuogu, 2014). As the human population increases and consequent protein demand, the over-exploitation of the natural fish resources has made aquaculture a major option to combat protein malnutrition in the country (Etuk et al, 2021). The demand for fish protein is about 2.7million MT and only 800,000 MT is produced locally.…”

Section: Introductionmentioning

confidence: 99%

Understanding the Determinant of Income from Catfish Production in Imo State, Nigeria

2022

JESD

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Fish production is significant to Nigeria's aggregate economy. In Imo State in particular, it contributes to employment and income generation; food security; foreign exchange earnings and bridging protein demand-supply gap. Despite all these, empirical studies that logically, explain the determinant of income from catfish production are still relatively scanty. These creates a vacuum in research and knowledge thereby make it extremely difficult if not impossible for the government and other relevant stakeholders to know the method they can use in helping farmers realize huge income from catfish production as well as prospective farmers to venture into catfish farming. It was on this backdrop that the study was systematically undertaken in the area. Data were elicited from 90 catfish farmers' selected using multistage and purposive sampling procedure across Imo State, Nigeria. Data collected were analyzed using descriptive statistical tool, gross income and multiple regression analysis. Result show that the mean age was 45.00 years. Greater proportions (71.11%) were male. Majority (78.88%) were married with an average household size of 7 persons. The mean educational level and farming experience were 12 and 15.00 years respectively. Reasonable proportions (68.89%) have no access to credit. Average annual farm income was ₦650,000.00 ($1,570.64). Majority (45.56%) used concrete pond while approximately 47.78% of the farmers sourced their fingerling from commercials fish hatchery. Net farm income and return per capita invested were ₦3,050,714.69 ($7,371.65) and N15.41k respectively. The profitability index was N15.30, which implies that for every naira earned as revenue from the catfish farming, about 15.30kobo returned to farmer as net farm income. Estimated regression results shows that pond size (X1); cost of fish feed (X2); cost of labour (X3); stocking rate (X6); Educational Level (X9); Farm Income (X10) and Farming Experience (X11) were the major determinant of income in catfish production. Findings provided evidence that catfish production is efficient and lucrative in the area. However, approximately 97.78% of the farmers complained of inadequate production capital. It was therefore recommended that farmers particularly on their own should judiciously pool productive resources together through strengthened and stable cooperative society group as this would enhance their profitability in catfish production in the area. Moreover, effective agricultural policies and programmes should focus on granting fish farmers improved access to farm credit as these would enable them increase their production frontier and realize huge profit overtime in the area.

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A comparative economic analysis of aquaculture production systems in Southern Agricultural Zone of Cross River State, Nigeria

Cited by 4 publications

References 7 publications

Cost-Benefit Analysis of Earthen Ponds against Concrete Tanks Production System in Fish Farming in Abuja FCT, Nigeria

Cost-Benefit Analysis of Earthen Ponds against Concrete Tanks Production System in Fish Farming in Abuja FCT, Nigeria

Determinants of technical and allocative efficiencies in catfish (Clarias gariepinus) Production in South-East, Nigeria

Understanding the Determinant of Income from Catfish Production in Imo State, Nigeria

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