Economic Analysis of Swine Production in Osun State, Nigeria

Abstract

Pork plays a very important role in bridging the protein gap in Nigeria by increasing the potential of protein intake in households. This study aimed to determine the socio-economic characteristics, costs, returns and the constraints affecting swine production in Osun State, Nigeria. Primary data were collected with the aid of well- structured questionnaires from 100 respondents using multistage sampling techniques. Data were analysed using descriptive statistics and budgetary analysis. The results showed that most (82 %) of the respondents were male, married (84 %), had tertiary education (68 %), have family size 4-6 (72 %), had more than 5 years' experience (70 %), kept 50-150 (62 %), had no access to formal credit (58 %), were not visited by extension agents (62 %) and 86 per cent got their replacement stock from on-farm birth. Budgetary analysis revealed that average revenue per farmer was ? 2,134,575.00; Gross margin was ? 693,238.00 and Net Farm Income was ? 641,094.00. The major constraints facing swine production are feeding cost, cost of medication, lack of fund. It was concluded that swine production is a profitable business.