Costs and returns to rabbit production in Ijebu-Ode LGA, Ogun State

Abstract

This paper investigated the economic viability of rabbit production in Ijebu-Ode LGA of Ogun State, Nigeria. A total of forty (40) small-scale rabbit farmers were purposively selected for the study and the collected data were analyzed using both descriptive statistics and budgetary analytical techniques. The results of the analyses showed that all the studied farmers were literate and they were averagely 27 years of age with mean farming experience of five years. The majority (87.5%) were part-time male farmers while other were on full-time practices. Rabbit rearing in the study area was found to be profitable with a profitability index of 0.43 and average annual net income of N8,792.42. The rate of return on the investment was 405.65%, 11,793.84% on fixed items and 520.23% on variable items the farm net income was estimated to be N 8,433.90.
Keywords: Economic viability; profitability index; rabbit rearing.