This preview shows page 1. Sign up to view the full content.
Unformatted text preview: were graduates beneficiaries of training programme of governments poverty alleviation programme.The profitability analysis showed that an average farmer incurred an average cost of N35850per cropping season but earned an average revenue of N58997.03 over the same period which indicate that tilapia production is a profitable venture in the study area. The postulated regressors i.e cost of feeds, cost of labour, cost of fingerlings, depreciation and years of experience in tilapia production explained about 72.4% in the variation of the regressand i.e value of fish cropped. Elasticity of estimate for each production input added up to 1.4825 which showed that there was Increasing Return to Scale ( RTS ) indicating that tilapia production in the study area fell in the irrational zone ( i.e Stage 1) of the production surface....
View Full Document
- Spring '10