ALLOCATIVE EFFICIENCY OF RESOURCE UTILIZATION IN FISH FARMING IN OWO LOCAL GOVERNMENT AREA OF ONDO STATE, NIGERIA.


Asiru Monday Abbas

Abstract


ABSTRACT

The study assessed resource-use efficiency among fish farmers in Owo Local Government Area of Ondo State, Nigeria. A multi stage sampling technique was used to select 50 fish farmers for the study. Data obtained were analyzed using multiple regression analysis. Significant determinants of the quantity of fish harvested at the end of the production cycle were fish seeds (0.647) and the quantity of feeds used (0.339). The two productive resources were significant at 0.01 probability level. The values of allocative efficiency of all the inputs used indicated that pond size (0.000114), fish seeds (0.0000506), feeds (0.0000295) and labour (0.0000549) were over-utilized by farmers during fish production process. Excessive use of resources should be reduced so as to cut production cost while optimal use of resources should be employed in fish farming. It is also recommended that fish farmer’s capacity should be developed on how to allocate productive resources efficiently in order to increase profit level.

Keywords: fish, resource, marginal, utilization, farming, efficiency, feeds, allocation.

 




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