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• The effect of working capital on profitability of poultry egg enterprise in Osun State, Nigeria

  Ayodeji Kehinde

  Views:

  369

  This study investigated the effect of working capital on the profitability of poultry egg enterprise.   Primary data were collected from 180 poultry egg farmers using two-stage sampling technique. Data were collected on the socio-economic characteristics such as age, gender, educational qualification, farming experience and flock size owned, quantities of inputs and outputs. Descriptive statistics, farm budgetary technique and ordinary least square model were used to analyze the data collected.  The results from descriptive statistics show mean values of 42 years, 9 years and 5 persons for age, years of experience and household size, respectively. Majority of poultry egg farmers (52.2%) used their personal savings to fund their businesses while, some had access to loan from co-operative societies (37.2%), from SEAP microfinance (6.7%) and from banks (3.9%). Poultry egg producers invested their working capital on feeds (64.8%), rearing of poultry birds from day old chicks to point of lay (14.8%), account receivables (13.6%), drugs & vaccines (2.4%) and variable overheads (4.4%). A total cost of ₦5,494,927.04k was incurred by the poultry egg producers. Cost of feed accounted for 71.89% of the total cost of production. A total revenue of ₦9,388,555.60k and the net returns of ₦3,893,628.56k were realized. The net farm income per bird from the enterprise was ₦1,698.05k while the gross margin per bird was ₦1,795.32. The ordinary least squares regression estimates revealed that inventory, account receivable, operating cycle and flock size have significant effect on the profitability of poultry egg enterprises. The study concluded that poultry egg enterprise is profitable and working capital has a significant effect on the profitability of poultry egg enterprise. In light of the findings, the study recommended the expansion of the poultry flock size as well as reduction in the number of days of inventories, account receivables and operating cycle in order to increase the profitability of poultry egg enterprise.

• Produce certification and income risk management strategies of cocoa farming households in South-West Nigeria

  75-79

  A. B. Oreyemi

  R. A. Sanusi

  L. O. Okojie

  A. O. Olaiya

  D. Akerele

  Views:

  451

  Agricultural produce certification is synonymous to farm assurance of which cocoa certification is an example; dealing with issues of Good Agricultural, Environmental and Social Practices (GAP, GEP and GSP) in cocoa production. Essentially, GAP, GEP and GSP packages had in-built mechanism that can aid farmers mitigate factors that could lead to farm income risks in cocoa production. Consequently, this study examined the influence of cocoa certification on income risks of cocoa farming households in South-west Nigeria. A multistage sampling technique was used to select 180 cocoa farming households from whose heads data were obtained with interview schedule in Southwest Nigeria. Data were analyzed with Chi-square Statistic, Income Risk Management Diversification Index (IRD) and Mann-Whitney-U Test Statistic. Chi-square analysis shows that (52.3%) certified cocoa farming households employed more risk management strategies than (94.2%) uncertified cocoa farming households (p<0.01). The Mann-Whitney-U test revealed a significant difference (p>0.05) between the income risk management practices of certified and uncertified cocoa farming households. Therefore, produce certification has been helping cocoa farming households in mitigating farm income risk in cocoa production through the employment of diverse (risk) management strategies. Hence, stakeholders should intensify efforts in encouraging farming households to embrace (cocoa) produce certification.

• ASSESSMENT OF THE CONDITIONS OF THE FARMING HOUSEHOLDS IN NORTH COTABATO: Using Comparative Analysis

  Rey Castillo

  Amhed Jeoffrey J. Datukan1

  Views:

  668

  This study was conducted to assess the conditions of the farming households in North Cotabato as basis to reform the development of agri-preneurs in line with the country’s thrust of transforming farmers as entrepreneurs. The research analyzed the conditions of the farming households in North Cotabato in relation to the crops they produce. Stratified random sampling was employed in the collection of data from four hundred (400) farming households using a self-constructed questionnaire validated by the panel. Data generated were analyzed descriptively and by inferential statistics using analysis of Variance (ANOVA). The research revealed that the primary commodity produced is rice, followed by rubber and coconut. On the other hand, study revealed that respondents in the study are engaged in single farming, without Farming, and multiple farming.

  Among the perceived conditions of the farming households the study also revealed that conditions in terms of infrastructure facility, market information, managerial skills and entrepreneurial competencies are ready and available for the farmers but neither agree nor disagree on the availability of the conditions in terms of market opportunity, access to credit facility, enabling environment, and government policies on entrepreneurial development. The result affirmed the hypotheses that significant differences in the conditions of the farming household when analyzed according to the crops produced.