PRODUCTION EFFICIENCY OF CATFISH FARMERS IN OGUN STATE, NIGERIA
Keywords:
Efficiency, Production, Profitability, Ogun StateAbstract
Fish farming in Nigeria today tends to be on the increase, but there are some factors limiting its efficiency in the country. The study investigated the production efficiency of fish farmers in Ogun State. The study was conducted with three hundred (300) catfish farmers sampled using multistage random sampling techniques. Data were analyzed using descriptive and inferential statistics. Descriptive statistical tools such as frequency counts and percentages were used to describe the socio-economic characteristics of the fish farmers in the study area. Stochastic frontier model was used to measure the production efficiency; budgetary techniques were employed in computing the income accruing to fish production while Tobit regression model was used to estimate the effect of farm efficiency on the profitability of fish production in the study area. Socio-economic characteristics of the fish farmers revealed that majority (84%) of the respondents fall within 51 – 65 years of age, 86% were males, 80% were married and 53% have relatively large household size that ranges between 4 and 6 members. The rate of return on capital investment (RORCI) for the fish farmers was 157%, implying that for every N1 invested into culture fish, N 1.57 was made as revenue; which is about 57 kobo realized as returns. The rate of return on capital invested (RORCI), otherwise called efficiency level was 0.57. The parameter estimates of the production function showed that labour (p<0.01), quantity of fingerlings (p<0.10), and depreciation cost of equipment (p<0.05) had significant influence on output of the fish farmers. Thus, an increase in the labour man-hours, quantity of fingerlings and depreciative cost of equipment will bring about increase in the productivity of the fish farmers. The study recommends that fish farmers in the study area should adapt cost effective measures in fish production to earn better returns among others.
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