Analysis of Technical and Cost Efficiency of Cultured fish Production in Kwara State, Nigeria,
No Thumbnail Available
Date
2015
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Agrosearch University of Ilorin, Faculty of Agriculture
Abstract
ABSTRACT
This study was designed to analyse the Technical efficiency of cultured fish production in Kwara
state, Nigeria. Specifically, the study estimated the technical efficiency of cultured fish farms;
examined cost efficiency and long term elasticity of cultured fish production. The data used for this
study were collected over one production cycle in 2013 using a well-structured questionnaire. A
total of 63 respondents were drawn from a sampling frame of 121 registered cultured fish farmers
through random sampling technique. Analytical tools used for the study was Stochastic Frontier
Model (SFM). The findings of the study revealed that cultured fish farms in Kwara States operated
with mean Technical Efficiency (TE) of 83.62%; cost efficiency in cultured fish production among
farmers was less than unity; long-run total cost elasticity of production was less than one in all
cases implying that cultured fish production process in the study area is in the zone of increasing
returns. The study therefore recommended that the government should facilitate a policy of
reduction in the cost of inputs. A reduction in costs may lead to an increased output and thereby
reduce the supply-demand gap for fish in the state. , the fish farmers should be provided
with the services of well-trained extension workers who will be there to guide them appropriately on
production best practices to enable farmers improve upon farm efficiency.
Description
Technical efficiency studies
Keywords
Technical efficiency, Cost Efficiency, Cultured fish Production and Kwara State
Citation
3