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Efficiency of resource-use and elasticity of production among catfish farmers in Kaduna, Nigeria
Abstract
study that catfish farmers in the study area were not efficient in their use of production inputs, based on VMPi/Pxi ratios that ranged from -426.71 for catfish feed to 3.46 for labour, with none approximating to unity (which would have indicated that the farmers were optimally efficient in their use of production inputs). Also, production elasticity estimates indicated that the farmers were in stage 2 of the production process, with a return to scale of 0.664. These estimates indicate the existence of intervention points for relevant stakeholders in the bourgeoning catfish business in Kaduna.