Analysis of profit efficiency of smallholder beef cattle farms in South-West Nigeria

Jimoh, Suliyat Omolade; Baruwa, O. I.; Kolapo, Adetomiwa

doi:10.1080/23322039.2023.2181786

Cited by 5 publications

(4 citation statements)

References 14 publications

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“…Geographical, farm, and farmer variables can explain variations in agricultural production inefficiencies. Literature reviews [ 12 , 13 , 49 , [53] , [54] , [55] , [56] , [57] , [58] , [59] , [60] , [61] ] and in the current study, the study site's reality guides the research. This study explains variation in profit inefficiencies among Kenyan smallholder maize farmers based on factors such as education, experience in maize farming, gender of household heads, the size of the household, the size of the farm, ownership of the land, training in the field, distance between the home and the field, salinity and alkalinity of the soil, disease of the maize crop, and climatic conditions.…”

Section: Literature Reviewmentioning

confidence: 99%

Profit efficiency among kenyan maize farmers

Ngeno

2024

Heliyon

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Section: Literature Reviewmentioning

confidence: 99%

Profit efficiency among kenyan maize farmers

Ngeno

2024

Heliyon

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“…The frontier profit function is the most frequently used method in assessing profit efficiency in agriculture (Wongnaa et al, 2019;Arbelo et al, 2021;Adnan et al, 2021;Jimoh et al, 2023). It allows the joint estimation of the parameters in the profit function and the inefficiency model (Battese & Coelli, 1995;Wongnaa et al, 2019).…”

Section: Analytical Frameworkmentioning

confidence: 99%

Profit Efficiency of Milk Producers in Ethiopia: Empirical Evidence from Western Shewa Milk Shade, Walmara District

Mebratu,

Muleta

2024

J. Innov. Res.

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The study assessed the profit efficiency and the responsible factors for the inefficiency of dairy farmers in West Shewa milkshed, central Ethiopia. A multistage random sampling method was employed to select sample households. The primary data were collected using structured questionnaires with computer-assisted personal interviews (CAPI). Descriptive and econometric data analysis were performed, and the stochastic frontier model was the model used. The result disclosed that the dairy business is profitable, and the mean efficiency score is 71%, indicating the existence of 29% inefficiency in dairy farming. This result indicates that enhancement of all the efficiencies will enable households to attain a potential profit of 88428.25 birrs. Sex, the price of milk, and the number of cows owned were the main factors that affected the profit inefficiency of the dairy farmers. This study suggests that the profit efficiency of dairy farmers will be enhanced if they choose their dairy farm sizes based on the production resources they have, and if the milk collection centers are availed in all villages.

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“…This age range shows that respondents are in productive working years and capable of effectively running businesses to achieve profit [15], [21]. Furthermore, there is potential for empowerment in developing businesses, as age influences capabilities, work ethic, decision-making skills[212-23], understanding, and adoption of the latest innovations and technologies in the livestock sectors [24][25]. Based on the results, the majority of respondents, comprising 19 (47.5%) have a relatively low level of formal education, completing only Elementary School.…”

Section: Characteristics Of Respondentsmentioning

confidence: 99%

Profitability Analysis of Beef Cattle Fattening Businesses

Mayulu,

Annisa Puteri,

Anindyasari

et al. 2024

Business

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This research aimed to investigate the profitability of beef cattle fattening businesses in Balikpapan City, Indonesia. To determine the research location, a thorough survey was conducted, and 40 farmers were selected as respondents using a purposive sampling method. The inclusion criteria were ownership of at least 2 beef cattle with a rearing period of over 1 year, engagement in fattening businesses, and proximity to the research area. The data obtained were analyzed through a series of tabulation, correction, and evaluation using profitability analysis which included Net Profit Margin (NPM) and Gross Profit Margin (GPM). Profitability analysis showed that NPM was 54.72% and GPM was 67.33%. Based on the results, it was concluded that beef cattle fattening businesses in the North Balikpapan Sub-district were economically viable and had the potential for sustainable development.

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Analysis of profit efficiency of smallholder beef cattle farms in South-West Nigeria

Cited by 5 publications

References 14 publications

Profit efficiency among kenyan maize farmers

Profit efficiency among kenyan maize farmers

Profit Efficiency of Milk Producers in Ethiopia: Empirical Evidence from Western Shewa Milk Shade, Walmara District

Profitability Analysis of Beef Cattle Fattening Businesses

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