Broiler Production And Value In Imo State
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Broiler Production And Value In Imo State
ABSTRACT
The cost and return study of different sizes of integrated grill farms in Oru East, Imo State, was carried out using primary data obtained from 150 grill farmers between March 2011 and February 2012. The study found that small farms had the highest total fixed investment per bird, followed by medium and large farms.
Small grill farms had the highest overall cost of meat production per bird, as well as returns per bird above variable expenses, followed by medium and large farms.
According to net present value and internal rate of return, investment in broiler farming is profitable at all farm sizes, with big farms being the most profitable, followed by medium and small farms.
Small broiler farms have been reported to be very susceptible to cost increases and decreases in net returns. The study discovered that grill farming is a successful endeavour with a promising future in the Imo State agro-based industry for improving the economic standing of the agricultural community in general, and the study’s participants specifically.
Chapter one
1.0 Introduction
The grill business is one of the profitable agro-industries that can successfully address the issues of unemployment and underemployment in rural regions, particularly among small and marginal farmers. The grill business can be used in a variety of climates and is often compatible with other farm companies.
Because the land and capital needs for this firm are minimal, it assures a consistent flow of money from poultry product marketing. Despite the poultry sector’s extraordinary rise over the last two decades, there is a significant gap between the availability and demand for chicken products.
An increase in per capita consumption of one egg and 50 grammes of poultry meat can generate employment for around 26,000 people per year (Kazi 2003). According to India’s National Committee on Human Nutrition, the current per capita availability of poultry meat is 1.8 kg, compared to the required 11 kg.
As a result, to meet domestic demand, meat production must expand by nearly six times. Rising demand for poultry products is being driven by population growth, changing lifestyles, altering eating habits, rapid urbanisation, increased per capita income, health-care awareness, and other factors.
As a result, the sector’s growth potential is high due to the consistent flow of money throughout the year in Imo State’s rural economy. In India, grill output climbed from 1.89 lakh tones in 1989-90 to 23.13 lakh tones in 2009-10
with a compound annual growth rate of 13.21%. India ranks fifth in the world for broiler production, with 2.31 million tones of meat contributing Rs 9000 crore to the national economy.
Poultry farming is very important in Imo State because of the integration of the poultry business, the favourable weather, and the availability of land. Imo State’s productivity and production of food grains, particularly cereals, have already reached a point of saturation with little room for growth, prompting the search for alternative industries such as poultry farming.
At the same time, due to the restricted capacity for additional increase to the net area planted and massive indebtedness, diversification of agriculture through allied activities such as poultry farming has become increasingly important in resolving the state’s agrarian crisis.
Farmers that adopt poultry farming (broilers) will not only be freed from debt, but will also be able to meet the increasing demand for poultry meat.
1.2 GOAL OF THE STUDY
1. Determine grill production and value in Oru East Imo State.
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