CONTRIBUTION OF RUMINANTS’ PRODUCTION TO HOUSEHOLD INCOME IN YEWA SOUTH LOCAL GOVERNMENT, OGUN STATE.

Lawal, Raimot Adepeju and Ogunseitan, Taiwo Olusola (2017) CONTRIBUTION OF RUMINANTS’ PRODUCTION TO HOUSEHOLD INCOME IN YEWA SOUTH LOCAL GOVERNMENT, OGUN STATE. In: the National Conference of the Schools of Pure and Applied Sciences and Communication and Information Technology, 4th - 7th December, 2017., The Federal Polytechnic, Ilaro.

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Abstract

Ruminants’ play an important socio-economic role in the rural areas where most of the resource poor farmers in Africa live. It also contributes directly to households’ purchasing power and food security. This study analyzed the contribution of ruminants’ production to household income in Yewa south local government of Ogun State. 120 respondents were selected through random sampling technique with well-structured questionnaire and interview schedule. Data were analyzed using descriptive statistics, budgetary and regression analysis. Results show that 67.5% of the respondents were males with the average age of 45 years old. Nearly all of the respondents (87.5%) went into ruminants’ production as alternative source of income. Two-third of the respondents had the highest percentage of household size ranging between 1-6 which allows the respondents to have easy access to family labour thereby reduce the cost of labour and also decreases their capital income, further lowering their poverty status. The benefit cost ratio value is 1.74, implying that every #1.00 invested in ruminants’ enterprise will yield #1.74. Thus ruminant’s production is profitable and economically viable. The study concludes that ruminants’ are ways of storing wealth and meeting unexpected financial obligations especially among the poor in the study area.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	Q Science > Q Science (General) S Agriculture > S Agriculture (General)
Divisions:	Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User:	Mr Taiwo Egbeyemi
Date Deposited:	30 May 2020 12:27
Last Modified:	30 May 2020 12:27
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/125

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