Comparative analysis of profitability of poultry egg marketing in Iwo Area Of Osun State and Akinyele Area of Oyo State.

Abstract

Poultry egg marketing despite being a profitable business, prospective poultry farmers are skeptical of venturing into it due to paucity of market and profit related information. This study therefore accessed the profitability of poultry egg marketing in two Local Government Areas, Iwo in Osun State and Akinyele in Oyo State, Nigeria. Respondents were purposively and randomly sampled and data was collected using well-structured questionnaires administered to fifty (50) egg marketers in each local government area, to give a total of hundred (100) respondents. Descriptive analysis like frequency and percentages were used to describe the socio-economic characteristics of respondents while Gross Margin Analysis (GMA) and Profit Regression Model (PRM) was used to determine the relationship between egg marketing and profitability. The socioeconomic-characteristics revealed that 76.5% were females, 92.9% were married, 37.2% had primary education, while 68.5% respondents had more than 16 years of market experience. The Gross margin (G.M) result shows a higher percent profit (7.8%) in Iwo area than Akinyele Local Government area (6.3%). The profit regression result indicated that transportation cost (p<0.01), distance to the market (p<0.1), hired labor (p<0.1) and selling price (p<0.05) were significant factors affecting egg marketing and profitability. The study concludes that there is high profit in egg marketing in Akinyele local government area than Iwo local government area.