Open AccessComparative evaluation of economic benefits of adopters and non-adopters of improved fish production technologies in Oyo State, Nigeria
Author(s) -
S. S. Ashley-Dejo,
O. J. Olaoye,
O. A. Adelaja
Publication year - 2020
Publication title -
nigerian journal of animal production
Language(s) - English
Resource type - Journals
ISSN - 0331-2062
DOI - 10.51791/njap.v44i2.994
Subject(s) - gross margin , profit margin , profitability index , agricultural science , net profit , revenue , business , profit (economics) , gross profit , early adopter , production (economics) , agricultural economics , economics , marketing , finance , environmental science , macroeconomics , microeconomics
This study assessed the Data were analyzed using descriptive statistics, budgetary analysis profitability ratios and inferential statistics. The study revealed that a Significant level of profit obtained from the study is evidence that adopters had more profit than non-adopters. comparative evaluation of economic benefits of adopters and nonadopters of improved fish production technologies in Oyo State, Nigeria. Primary data were collected with the aid of structured interview schedule administered to 222 active fish farmers using purposive and simple random sampling procedure. dopters of improved fish production technologies earned mean revenue of N4,873,521.29 with gross margin of N2,376,616.36 while non-adopters earned N3,347,719.08 with gross margin of N1,432,805.00. The results showed Benefit Cost Ratio (1.69 and 1.49), Rate of Return on Investment (0.69 and 0.49), Gross Revenue ratio (0.59 and 0.67), Expenses Structure Ratio (0.15 and 0.17) and Net Profit Margin (0.41 and 0.33) for both the adopters and non-adopters. There was a significant association between adoption of improved technologies and sex, educational level, occupation and marital status. Also, there was a significant relationship between adoption of improved technology and age, years of experience and house hold size. There was a significant difference between the profit level of adopters and non-adopters of improved technologies.