1. Socio-economic determinants of net-income in fish farming in Kainji Lake Basin, Nigeria onomic determinants of net-income in fish farming in Kainji Lake Basin, Nigeria
- Author
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Sunday A. Faleke, Chukwuemeka John Arene, Garba A. Usman, A.I. Achike, Julius Emeka Omeje, and Queen C. Manuwuike
- Subjects
Agricultural science ,Geography ,Descriptive statistics ,Aquaculture ,Net income ,business.industry ,Fish farming ,Profit margin ,Total revenue ,Monoculture ,business ,aquaculture, catfish, socio-economic, profitability, farmers ,Catfish - Abstract
The study analyzed the socio-economic determinants of net-income in aquaculture of Kainji, Lake Basin, Nigeria. Specifically, the study examined the; fish farming systems; cost and returns, socio-economic determinants of net-farm income and challenges of fish farming in the area. The study adopted a two-stage sampling procedure to select 120 table-size fish farmers. Data were collected with questionnaires that were administered through face-to-face interview and analyzed using descriptive statistics, budgetary technique and multiple regression analysis. The results showed that 35.00 % of the fish farmers were within the age bracket of 31-40 years, 53.34 % were men, 91.67 % were married, 55.83 % had between 1-5 years of experience in fish farming and 75.83 % had tertiary educational qualification. Majority (92 %) of the fish farmers practiced the monoculture of catfish using earthen ponds system. The estimated total expenses were N 14,953,330.74 while the total revenue generated from 9 fish ponds, each stocked with an average of 3883.986 fingerlings in 2 cycles per year was N 20,188,142.00. The estimated net-farm income after tax was N 5,234,811.26 while the net profit margin and return on investment was 25.93 % and 35% respectively. Age, experience and household size were positive and significant (p
- Published
- 2021