Analysis of profit efficiency of smallholder beef cattle farms in South-West Nigeria
Suliyat Omolade Jimoh, Olayinka Isiaka Baruwa and Adetomiwa Kolapo
The study was carried out to analyze the profit efficiency in beef production in South West, Nigeria. These were with a view to improving beef cattle production to meet its increasing demand and income generated from it for producers. Multistage sampling techniques were used to select respondents used for the study. Primary data were collected with the aid of a well-structured questionnaire. Budgetary analysis and stochastic production frontier were used to analyze the data collected. The result of the study shows that total revenue generated was ₦1,879,928.11 while the Gross margin and Net return to management were ₦835,443.63 and ₦726,295.65, respectively. In addition, the Profit efficiency average is 62.2% ± 22.52. Beef cattle production on the average was operated at two-thirds of the profit efficiency frontier.
Year of publication: |
2023
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Authors: | Jimoh, Suliyat Omolade ; Baruwa, Olayinka Isiaka ; Kolapo, Adetomiwa |
Published in: |
Cogent economics & finance. - Abingdon : Taylor & Francis, ISSN 2332-2039, ZDB-ID 2773198-4. - Vol. 11.2023, 1, Art.-No. 2181786, p. 1-21
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Subject: | Beef cattle | Efficiency | Nigeria | Profitability | Stochastic frontier | Bilanzstrukturmanagement | Asset-liability management | Rinderhaltung | Cattle farming | Rentabilität | Rindermarkt | Cattle market | Kleinbauern | Smallholders | Effizienz | Technische Effizienz | Technical efficiency | Rindfleisch | Beef | Gewinn | Profit |
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