Economics of fish farming in Ibadan Metropolis

Abstract

The study assesses the economics of fish farming in Ibadan Metropolis. The data for the study were collected from 50 fish farmers with the aid of structured questionnaires. The data were analyses using descriptive, gross margin and regression techniques.

The study revealed that most farmers had secondary education and above. Most farmers operate at small-scale level with an average of 3 ponds in this category. Fish farmers practiced poly culture fish farming. Clarias spp is the most raised fish species followed by Heteroclaria spp. The gross margin analysis revealed that medium scale farmers derived the highest return of 1.55 for every one naira expended. This is followed by large scale farmers at l.52 for every one naira compared with only 1.34 for every naira spent by small-scale farmers. Fixed inputs, labour, fertilizers, feeds and finger lings significantly affect the value of fish produced. Fish farmers under utilize both labour and fertilizers while feeds and finger lings are over utilized.

Key words:  Aquaculture, fish production, Profitability and efficiency