Open AccessCosts and returns to rabbit production in Ijebu-Ode LGA, Ogun state
Author(s) -
Kassim Adekunle Akanni,
M. Y. Odubena
Publication year - 2021
Publication title -
nigerian journal of animal production
Language(s) - English
Resource type - Journals
ISSN - 0331-2062
DOI - 10.51791/njap.v30i2.1491
Subject(s) - ogun state , profitability index , agricultural science , net farm income , production (economics) , agriculture , descriptive statistics , investment (military) , economics , agricultural economics , net income , toxicology , mathematics , farm income , geography , biology , statistics , ecology , macroeconomics , archaeology , finance , politics , political science , local government , law
This paper investigated the economic viability of rabbit production in ljebu-Ode LGA of Ogun State, Nigeria. A total of forty (40) small-scale rabbit farmers were purposively selected for the study and the collected data were analyzed using both descriptive statistics and budgetary analytical techniques. The results of the analyses showed that all the studied farmers were literate and they were averagely 27 years of age with mean farming experience of five years. The majority (87.5%) were part-time male farmers while others were on full-time practices. Rabbit rearing in the study area was found to be profitable with a profitability index of 0.43 and average annual net income of ₦8,792.42. The rate of return on the investment was 405.65%, 11,793.84% on fixed items and 520.23% on variable items. The farm net income was estimated to be N 8,433.90.