Profitability Analysis of Pig Production in Ihiala Local Government Area, Anambra State, Nigeria
*1Munonye, J.O and 2Nnabugwu, M
1AE- Federal University Ndufu-Alike Ikwo Abakaliki
2Imo State University Owerri
*munojane@gmail.com
ABSTRACT
The study analyzed the profitability of piggery production in Ihiala Local Government Area of Anambra State. The specific objectives were to; ascertain the production system practiced by the farmers, determine costs and return of piggery production, determine the factors that affect piggery production and identify the constraints encountered by the farmers. Well-structured questionnaire was used to collect data from 30 respondents, who were purposively selected from six communities out of ten communities that made up Ihiala Local Government Area. Data collected were analyzed using descriptive statistics, Gross Margin and Multiple Regression. Results show that mean farm size was 54 pigs and average of 16pigs per production cycle. The average income generated was N2, 061, 300 and the average cost of production was N1, 382, 100. The net revenue was N679, 200. Return on investment was 0.49 kobo per Naira Invested. Farm size and household size were significant and positively related to output at 1% and 10% with the value of 0.853 and 0.531 respectively. The major constraints encountered by the respondents were; inadequate fund (93.33%), high cost of labour (80%) and non-availability of good breed (80%). Pig farmers in the study area should form cooperative society in order to address the problem of inadequate fund.
