Original scientific paper
https://doi.org/10.14798/72.3.708
COMPARATIVE EVALUATION OF ECONOMIC BENEFITS OF EARTHEN FISH PONDS AND CONCRETE TANKS IN AQUACULTURE ENTERPRISES IN OYO STATE, NIGERIA
O. J. Olaoye
; Agricultural Media Resources and Extension Centre, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
D. A. Adegbite
; Agricultural Media Resources and Extension Centre, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
E. O. Oluwalana
; Agricultural Media Resources and Extension Centre, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
I. O. Vaughan
; Institute of Food Security, Environmental Resources and Agricultural Research, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
C. O. Odebiyi
; Department of Aquaculture and Fisheries Management, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
A. P. Adediji
; Department of Aquaculture and Fisheries Management, Federal University of Agriculture, P. M. B. 2240, Abeokuta, Ogun State, Nigeria
Abstract
The study focused on the comparative evaluation of economic benefits of earthen fish ponds and concrete tanks in aquaculture enterprises in Ibadan, Oyo state. Primary data were collected with the aid of structured interview schedule, administered through personal interviews and observations to elicit information from 100 fish farmers using purposive and convenience sampling procedure. Data collected were analyzed using descriptive, budgetary and inferential statistics. The study revealed that the mean age, male, married, household size, educated and fish farming experience were 41 years, 83.0%, 87.0%, 5 persons, 96.0% and 8 years, respectively. Earthen fish ponds users earned mean revenue of N3,322,189.85 with gross margin of N2,188,397.89 while concrete tank users earned N2,412,271.08 with gross margin of N1,413,299.46. The results showed profitability indices (0.61 and 0.47), Variable Cost ratio (0.35 and 0.30), Benefit Cost Ratio (2.55 and 1.89), Gross ratio (0.40 and 0.54) and Expenses structure ratio (0.13 and 0.23) for both the earthen ponds and concrete fish tanks, respectively. There were significant differences (t = 42.53, p≤0.05) between the profit level of earthen fish ponds and concrete tanks. Major constraints affecting economic status of the respondents were high cost of quality feed, insufficient funds, poaching and poor marketing channel. In conclusion, aquaculture is a more profitable and viable business regardless of the culture system. Government should assist the fish farmers by subsidizing feeds cost, granting and monitoring of loan.
Keywords
Comparative evaluation; Economic benefits; Concrete tanks; Earthen fish ponds; Nigeria
Hrčak ID:
129356
URI
Publication date:
25.9.2014.
Visits: 4.271 *