INFLUENCE OF INCREASE IN PRICE ON POULTRY PRODUCTION IN NIGERIA
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- NGN 3000
ABSTRACT
The study investigated the Economic Impact of poultry production in Nigerian Katsina State based on the total number of 285 poultry farmers in the area in which out of the total number, 100 poultry farmers were selected based on the random sampling technique. The data were analyzed using descriptive statistics such as means, standard deviation and percentages to analyze the Socioeconomic characteristics, management practices, and constraints to the poultry production in the study area. The multiple linear regression model was employed to analyze the productivity of poultry production i.e. Economic Impact. The empirical findings based on the regression results indicated that, backyard poultry experience and level of education had a positive coefficient and statistically significant in influencing output. In other words, costs of labor and feeds had a negative coefficient but significant in explaining output. The R2 value of 0.678 implied that the regression accounted for 67.8% of the variations in the output, while the F-value (4.57) was significant and therefore, implies that all the predictors considered for the analysis jointly exerted significant influence on the output of the poultry production in the area under study. However, the result of the analyses regarding the challenges facing the backyard poultry owners revealed that out of ten (10) problems identified, inadequate fund (98.0%) was ranked highest as the problem encountered by the sampled respondents. The research recommended that government establish agricultural banks with minimum interest rate to helps the poultry farmers in stabilizing the price and create conducive market environment especially during the festive periods.
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