Profitability Level of Fish Farming In Ife-Ijesa Agricultural Development Programme, Osun State, Nigeria

Abstract

The objective of this paper is to estimate the profitability level of fish farmers in Ife-ijesa zone of Osun State Agricultural Development Programme (OSADEP), Nigeria using standard procedures of structured questionnaires administered to 100 respondents that were randomly selected. The study revealed that fish farming in the Area was male dominated with 89%. For the respondents using earthen 41.3% were range between50-60% and 31.6% of the respondents using concrete were within the range of 50-60years. 70.3% of the respondents using concrete were married and 56.6% of the respondents using earthen were married. 40.5% of the respondents using concrete had tertiary education and 45.2% of the respondents using earthen had tertiary education. 95.7% of the respondents using earthen operate by self-savings and 98.1% of the respondents using concrete also operate by self-saving and the average pond size used was 0.5 hectares. Findings also showed that the estimated average fixed cost and variable cost incurred for all fish farmers were N109.296.43 for the respondents using concrete and N173,473.38 for the respondents using earthen, while gross margin and average farm profit were N108, 718,43 for the respondents using concrete and N172,734.88 for the respondents using earthen per annum respectively.