ECONOMIC ANALYSIS OF COST AND RETURNS STRUCTURE AMONG COOPERATIVE POULTRY EGG FARMERS IN IWO LOCAL GOVERNMENT AREA OF OSUN-STATE, NIGERIA

Abstract

This study investigates the cost-benefit analysis and profitability of cooperative poultry egg farming in Iwo Local Government Area, Osun State, Nigeria. Data were gathered through the utilization of a well structured questionnaire for interviews from One hundred (100) poultry egg farmers using simple random sampling techniques. The data was analyzed using a combination of descriptive statistics to summarize the data and inferential statistics to draw conclusions. Descriptive statistics revealed that 72% of respondents fell within the 30-50 age bracket, with a mean age of 36 years, indicating that they are in their prime working years. Furthermore, 85% of poultry business operators were males, the majority of whom had received formal education, with household size averaging 5 individuals and an average Income of ₦103,885 per month. The study also showed that farmers financed their poultry operations through various sources of funding their poultry egg production in the study area. The results of the budgetary regression analysis demonstrated that poultry egg production is a profitable and sustainable business opportunity. The findings indicated that for every ₦1.00 invested in poultry egg production, a profit of approximately ₦0.65 was generated, highlighting the viability and profitability of poultry egg farming in the study area. The overall positive Net Income of ₦365170.6591 indicated that poultry egg production is indeed reliable, viable and lucrative in the study area.