Busari, Ismail Alani and Edeh, Blessing (2023) Sustainable Livestock Farming: Balancing Environmental Responsibility and Financial Prosperity. International Journal of Innovative Finance and Economics Research, 11 (3). pp. 157-165. ISSN ISSN: 2360-896X
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Abstract
This study focused on the effect of environmental costs on profitability of livestock farming in Yewa South Local Government area of Ogun State. The study is unique as the environmental costs on profitability are geared towards livestock farming. A survey research design was adopted. The population of this study was (87) comprising of staff of all the livestock farms in Yewa South Local Government. Proportionate stratified sampling technique was used in selecting the sample size of (56) respondents that were given questionnaires. The study used primary and secondary data and employed descriptive and inferential statistics; the data gathered was subjected to analyses using percentages, averages and multiple regression models. The results showed that environmental costs which are represented by conventional and contingent costs have a positive significant relationship with profitability of livestock farms with regression coefficients of β = .621, p < 0.000 with (R2) of 0.879 and β = .432, p <0.000 with (R2) of 0.796. The study concluded that environmental costs have a positive significant effect on profitability while fines and penalties have positive insignificant effect on profitability of livestock farms with regression coefficient of β =-.225, p< 0.000 and (R2) of 0.763. Therefore, the study recommended that Livestock farmers should look inwardly for locally manufactured environmental pollution prevention equipment that are less expensive for farms that are small and Medium Scale Enterprises.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 01 Nov 2024 11:29 |
| Last Modified: | 01 Nov 2024 11:29 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/2370 |
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