Financial Benefits Analysis of Broiler Chicken Farm Operators in Delta State Nigeria

Authors : Theophilus Miebi GBIGBI

Pages : 58-65

Doi:10.47115/bsagriculture.752924

View : 12 | Download : 6

Publication Date : 2021-04-01

Article Type : Research Paper

Abstract :This study examined financial benefits of broiler chicken farm operators in Delta State, Nigeria. Data were collected from 168 randomly selected broiler farm operators with the aid of structured questionnaire and analyzed using descriptive statistics, cost and return analysis and regression analysis. The result showed that 58.3% of the farmers were between age brackets of 31-40 years with 82% of them male and 76.2% were married with 67.9% having household size of 6-10 persons. About 96.4% of the broiler chicken farmers were literate with 66.7% of them having between 11-15 years of experience. The average net profit, gross margin and average net profit per bird as well as return per naira invested were N928720, N1034606, N 1254.82 and N 2.89 respectively. This implies that broiler production is profitable. Poultry droppings/litters were also essential by-products that generate enough income to the broiler chicken farmers. The result of the regression model showed that cost of chicks, cost of feed, cost medicine and veterinary cost positively influenced profit while labour cost, water supply cost , transportation cost and mortality rate had inverse relationship with profit. High cost of feeds, bird mortality and inadequate capital were the major constraints associated with broiler chicken production. It is recommended that if these aforementioned constraints are tackled will help boost broiler chicken production in the study area.
Keywords : Broiler chicken, Production, Profit, Farmers, Gross margin analysis