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Analysis of Profitability and Resource Use Efficiency of Catfish (Clarias gariepinus) Production in Benue State, Nigeria

Acheneje Sunday and Ogiji Pius

Abstract

This study analyzed profitability and resource use efficiency of catfish production in Benue State, Nigeria. Multi-stage random sampling technique was used to select a total of 158 catfish farmers. Descriptive and inferential statistics were used to analyze the data. The results from resource used efficiency analysis showed fingerlings and Labour were under-utilized, while pond size and quantity of feed were over utilized. The net farm income was calculated to be N530, 666.27 with Benefit-Cost- Ratio and Rate of Investment of 3.1 and 2.1 respectively. The study concluded that catfish production was a profitable enterprise. Catfish producers were technically efficient with a mean value of 73% creating room for 27% improvement. The study encouraged farmers to adopt program that will build their technical know-how in catfish production.

Keywords

Resource Use EfficiencyCatfish ProductionProfitability

References

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