Paper Title
Determinants of Profit in Fresh Catfish production in Ogbaru Local Government Area of Anambra State, Nigeria.
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Registration ID: IJNRD_325463
Published ID: IJNRD2605579
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Keywords
Keywords: Profit, Fresh catfish, production, determinants.
Abstract
The study “determinants of Profit in fresh catfish production in Ogbaru Local Government Area of Anambra State, Nigeria” focused on the factors influencing profit in catfish production in the study area. Data was collected with a well-structured questionnaire from 50 respondents that were selected. The objectives were achieved using statistical tools and econometric techniques such as descriptive statistics, gross margin analysis and multiple regression analysis. The study revealed that greater proportion (48%) of the farmers are within the age of 40 – 49years, with average age of 42 years to conclude they are in their active years. It also revealed that male (64%) who were married (74%) dominated catfish production in the area. Majority (58%) attended secondary school with a mean of 10.6 and has an average farming experience of 5.2years. The study further revealed that majority (56%) of the farmers has household size between 4 to 6 persons and many (66%) belonged to cooperatives. Majority (54%) made use of between 1 and 3 ponds and average pond size of 3.5 indicating they are operating on subsistent level. About 48% had extension contact between 1 to 5 times. Details from the analysis revealed that the total revenue realized from catfish production is N1,025,228. The variable cost (operational cost) was N396, 336, and the depreciated fixed cost value was N176,054; which summed the total cost expended to N572,390. Furthermore, farmers made a gross margin of N 628,892 from the sales, the net return which is the profit after deduction total cost is N452,838. Net return on investment realized during a cycle production for 1000 catfish is about N1.79, suggesting that for every 100kobo spent there was a return of about 179 kobo which makes catfish a very profitable on in the area. The study further revealed that pond size (7.22)***, feed cost (3.06)**, extension contact (2.33)* and stocking size (-1.92)* are the socioeconomic characteristics that influenced the profit realized by the catfish farmers. The study finally presents the most important constraints to catfish production as: high feed cost, high fuel cost, inadequate finance, lack of power supply, high mortality, Government policies, lack of adequate water supply, inadequate extension services and recommended that in order to reduce commensalism, fish should be sorted out according to size at appropriate time and feeding done when necessary as well to avoid cannibalism. Government should provide facilities such as incentives, subsidies and facilitate access to credit by catfish farmers in the study area by the review of the stringent lending policies of the formal lending institutions and effort should be made to bring down the cost of feeds by exploring alternative sources of feed for catfish through well-funded researches.
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How To Cite (APA)
Nwankwo Ebere Obianuju, Muojekwu Chinelo Angela, Obiajulu Christian Onochie, Ugochukwu Juliet Kelechi, & Nwodo Gloria Kelechi (May-2026). Determinants of Profit in Fresh Catfish production in Ogbaru Local Government Area of Anambra State, Nigeria.. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 11(5), f659-f670. https://ijnrd.org/papers/IJNRD2605579.pdf
Issue
Volume 11 Issue 5, May-2026
Pages : f659-f670
Other Publication Details
Paper Reg. ID: IJNRD_325463
Published Paper Id: IJNRD2605579
Research Area: Other area not in list
Author Type: Foreign Author
Country: Awka, Anambra, Nigeria
Published Paper PDF: https://ijnrd.org/papers/IJNRD2605579.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2605579
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