Profitability Of Traditional Honey Production In Zuru Emirate, Kebbi State, Nigeria.

Type Journal Article - World Rural Observations
Title Profitability Of Traditional Honey Production In Zuru Emirate, Kebbi State, Nigeria.
Author(s)
Volume 6
Issue 3
Publication (Day/Month/Year) 2014
Page numbers 44-49
URL http://www.sciencepub.net/rural/rural0603/006_26422rural060314_44_49.pdf
Abstract
The study examined the profitability traditional honey production in Zuru Emirate of Kebbi State,
Nigeria. Multi-stage sampling technique was used for the study. The first stage involved selecting districts using
proportionate random sampling technique, from Danko-Wasagu, Fakai, Sakaba and Zuru Local Government Areas
of the Emirate. The second stage involved selecting purposively two villages from each of the districts selected. The
third stage involved selecting honey producers using proportionate random sampling technique. Thus, one Hundred
and forty five (145) honey producers constitute the sample size for the study. Primary data were collected using
interview schedule. Data analysis was carried out using descriptive statistics, farm budgeting technique, financial
analysis and Pearson product moment correlation. Result revealed that majority of honey producers in the study area
were young and honey production is dominated by males (67.6%). About 69.7% of honey producers in the study
area were married. Majority of honey producers in the study area were literate, only 13.8% of honey producers in
the study area take honey production as their primary occupation. 42.1% of honey producers in the study area were
within the range of 1 – 5 years’ experience in honey production. The budgetary analysis revealed that variable cost
amounted to N3, 880.46 accounting for 69.1% of the total cost of honey production, while fixed cost amounted to
N1, 737.31 accounting for the remaining 30.9% of the total cost of honey production in the study area. The total
revenue of honey production was N27, 817.17 and the net farm income was N22, 199.40, indicating that honey
production in the study area was profitable. Profitability index (PI) was 0.79; rate of return on investment was
estimated at 395.2% and capital turnover (CTO) is 4.95. However, the major problem faced by honey producers in
traditional honey production in the study area was inadequate capital, while on the test of hypothesis; no significant
relationship was established between socio-economic characteristics of honey producers included in the analysis and
profit in honey production. The hypothesis is therefore accepted. It is therefore recommended that loan facilities
should be sought by honey producers in the study area to facilitate increase in scale of production and the adoption
of modern techniques of honey production.

Related studies

»