ALLOCATIVE EFFICIENCY OF RESOURCE UTILIZATION IN FISH FARMING IN OWO LOCAL GOVERNMENT AREA OF ONDO STATE, NIGERIA.
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 (7.041) and fish seeds (11.500) were under-utilized while labour (0.705) was over-utilized; only feeds (1.032) were optimally utilized during fish production process. Under-utilized resources should be optimally used in order to obtain the best possible output. Excessive use of labour should be reduced so as to cut cost of production and increase profit margin. It is also recommended that fish farmer's capacity should be developed through regular training on how to allocate productive resources efficiently.
2. Omitoyin, BO. Introduction to tropical fisheries. Ibadan University Press; 2007. p. 48.
3. Federal Ministry of Agriculture and Rural Development. Agricultural transformation agenda. Federal Ministry of Agriculture and Rural Development, Abuja, Nigeria; 2011.
4. Fatuase AI, Aborisade AS, Omisope ET. Determinants of adaptation measures to climate change by arable crop farmers in Owo Local Government Area of Ondo State, Nigeria. World Rural Observ 2015; 7 Suppl 1:49-57.
5. Federal Government of Nigeria. Legal notice on publication of 2006 census final results. Federal Republic of Nigeria Official Gazette 2009; 96:5-37.
6. Oladeebo JO, Ajao AO, Ambe-Lamidi AI. Resource-use efficiency in cassava processing in Oyo State: Implications for employment generation. In: Fabiyi YL, Ajetomobi JO, editors. Proceedings of the 2006 Annual Conference of the Nigerian Association of Agricultural Economists; 2006. p. 74-79.
7. Fasasi AR. Resource use efficiency in yam production in Ondo State, Nigeria. Agri Journal 2006; 1 Suppl 2:36-40.
8. Nwosu CS, Onyeneke RU. Effect of productive inputs on pond fish production on fish output in Owerri, Imo State, Nigeria. Global Adv Res J of Agri Sci 2013; 2 Suppl 1:23-28.
9. Ele IE, Ibok OW, Antia-Obong EA, Okon IE, Udoh ES. Economic analysis of fish farming in Calabar, Cross River State, Nigeria. Greener J of Agri Sci 2013; 3 Suppl 7:542-549.
10. Inoni OE. Allocative efficiency in pond fish production in Delta State, Nigeria: A production function approach. Agricultura Tropica Et Subtropica 2007; 40 Suppl 4:127-134.
11. Alawode OO, Jinad AO. Evaluation of technical efficiency of catfish production in Oyo State: A case study of Ibadan Metropolis. J of Emerg Trends in Educ Res and Policy Stu 2014; 5 Suppl 2:223-231.
12. Onoja AO, Achike AI. Resource productivity in small scale catfish farming in Rivers State, Nigeria: A trans-log model approach. J of Agri and Soc Res 2011; 2 Suppl 2:139-146.