Economic analysis of snail production in Ibadan, Oyo State

Type Journal Article - International Journal of Agricultural Economics and Rural Development
Title Economic analysis of snail production in Ibadan, Oyo State
Author(s)
Volume 2
Issue 1
Publication (Day/Month/Year) 2009
Page numbers 26-34
URL http://dirae.lunarservers.com/~laute0/journal/ijaerd3/ijaerd3 - 4.pdf
Abstract
This study analyzed the economics of snail production in Ibadan Zone of Oyo state. A multistage
random sampling procedure was used to select sixty respondents from the study area; a well structured
questionnaire was used to collect data. The data were analyzed using frequency counts, percentages, budgetary
technique and stepwise regression analysis. The findings showed that most of the snail farms are owned by
individuals who were part-time snail farmers (84.9%) and financed their snail production (98.1%) through their
personal savings. Management practice revealed that most of the respondents reared Archachatina marginata
(98.1%). Budget analysis showed that snail production is profitable with the farmers making an average profit
of N24, 089.03k while regression result revealed that years of education(t=2.835), years of experience (t=2.786)
and farm size(t=2.197) are statistically significant and explain about 25% of the total variation in the profit
made by the snail farmers. Due to its profitability and low capital investment nature, it is recommended for
farmers without substantial capital, unemployed and those aspiring to augment their income

Related studies

»