ANALYSIS OF FACTORS INFLUENCING THE RETURNS ON BROILERS PRODUCTION IN UYO LOCAL GOVERNMENT AREA OF AKWA IBOM STATE, NIGERIA

Abstract

The study analysed the factors influencing the returns on broilers production in Uyo Local Government Area of Akwa Ibom State. Simple random sampling technique was used to select 100 poultry farmers practicing deep litter system for the study. The data were obtained from a cross-sectional survey of broiler farmers in the study area. The study revealed that male farmers (52%) dominated the broiler production in the study area. The total cost of broilers production was N786,303.60 while the total revenue was N1,430,329.8. The gross margin and net farm income were N 682,052.76 and N 644,026.20 respectively. The study also revealed that the high cost of feed accounted for 80.18% of the total cost of broilers production inversely affected the profitability of broilers production in the study area.  The study also reaved that, despite the high cost of feeds deep litter system of broilers production is profitable as depicted by the net farm income of N 644,026.20. Besides, the return on a naira invested was N 0.819 implying that for every N1 invested 81.9k was return as profit. The study concluded that high cost of feeds and lack of funds are the major factors influencing the returns on broilers production in the study area. Based on the findings, it was therefore recommended; Subsidy on feed cost, simple procedures for credit facilities, increase in flock size to enhance profitability, Provision of adequate incentives and financial services to farmers for increase productivity, as well as stoppage of the arbitrary fees levied such as environmental fee, business premises fee and other levies that were introduced by the local government authorities to restore sanity and create a conducive environment for investment in poultry industry.