ECONOMICS OF SMALL-SCALE SHEEP MARKETING IN GOMBE METROPOLITAN LIVESTOCK MARKETS GOMBE STATE, NIGERIA
Abstract
This paper assessed the profitability of small-scale sheep marketing in Gombe Metropolis. Four sheep markets were purposively selected for their popularity in small ruminants marketing. A multi-stage sampling technique was used to select 91 sheep marketers in these markets. Data were collected using a structured questionnaire and were analyzed using descriptive statistics, farm budget, and maximization of consumer satisfaction models.
The result revealed that purchasing costs for ram and ewe constituted 92.59% and 91.50% of the total marketing costs respectively. The result further revealed the average net income of ₦4,922.46 ($13.72) per head of the animal was realized. The gross and operating ratios for the respective animals were ram and ewe were ₦0.17 ($0.00048) and ₦0.18 ($0.0005) respectively.
The marketing coefficient (134.80%) of the Tike-baba market, was revealed to be the most efficient. Inadequate capital was critical; this was attributed to insufficient sources of credits. However, improvement in the existing infrastructural facilities will help promote the expansion of the present scale of the enterprise operations. Governments and other financial institutions should also do more to extend funds in the form of soft loans to the marketers, to improve efficiency.
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ECONOMICS OF SMALL-SCALE SHEEP MARKETING IN GOMBE METROPOLITAN LIVESTOCK MARKETS GOMBE STATE, NIGERIA
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