ECONOMICS OF FISH FARMING IN ONDO STATE, NIGERIA: A PROFIT FUNCTION APPROACH | Journal of Global ..

In Ondo State's Akure South Local Government Area, the study focused primarily on economic analysis of fish farming without neglecting obstacles that could reduce farmer profits. During the 2013 production season, fifty fish producers were chosen for the study using a multi-stage sampling technique. The information gathered was subjected to descriptive statistics as well as a profit function analysis. In one production cycle, an average of 2297.88 kg of table size fish was taken from a pond area of 266.10 m2, according to the study's findings. Fish farming was successful in the research region, with a mean profit of N497,865.00 realised at the end of the production cycle, according to the net farm income analysis. Further economic study revealed a return on investment of N0.75 per naira invested. The profit function study revealed that the quantity of table size fish collected, price per kilogramme of fish, cost of feed, cost of stocking, labour cost, and the farmer's educational status were all major factors of profit realised from culturing fish. Fish production was hampered by high feed costs, a lack of cash, and a lack of market. Farmers' profit margins may be greatly increased if they were taught how to compound fish feed instead of depending on pricey commercial feed. It is also suggested that banking institutions be more proactive in providing fish growers with low-interest loans.

Please see the link :- https://www.ikprress.org/index.php/JOGAE/article/view/716