Record Details

Assessing beekeeping potential in Oyo State, Nigeria

CGSpace

View Archive Info
 
 
Field Value
 
Title Assessing beekeeping potential in Oyo State, Nigeria
 
Creator Ayodeji, B.T.
Dontsop Nguezet, Paul M.
Olalekan, O.S.
Roland, O.
 
Subject technical
efficiency
maximum
estimate
beekeepers
elasticity
gross margin
 
Description This paper investigated the technical efficiency and its correlates as well as the profitability status of
honey enterprise in Oyo State, Nigeria. A hundred and twenty respondents were sampled using multiple stage sampling techniques and questionnaire was administered to elicit the needed responses. The non-deterministic nature of producing honey informed the use of stochastic production model to assess beekeepers’ technical efficiency while gross margin analysis was adopted to illuminate how profitable honey production is in the area under consideration. The descriptive statistics revealed important socio-economic attributes of beekeepers in relation to beekeeping while the Maximum Likelihood Estimate (MLE) revealed the technical efficiency deciles of beekers within the production possibility frontier. Result revealed that beekeepers are operating close to the frontier of production using the available resources. The elasticity of production was greater than 1, showing an increasing return to scale of production while the budgetary analysis revealed that honey production is profitable.
Consequent on the research outcome, beekeeping enterprise has the potential to generate substantial income, generate employment opportunity and meet the nutritional needs of Nigerian populace.
 
Date 2018-11
2019-02-18T08:50:05Z
2019-02-18T08:50:05Z
 
Type Journal Article
 
Identifier Ayodeji, B.T., Dontsop-Nguezet, P., Olalekan, O.S. & Roland, O. (2018). Assessing beekeeping potential in Oyo State, Nigeria. International Journal of Applied Business and Economic Research, 16(4), 887-898.
0972-7302
https://hdl.handle.net/10568/99469
http://www.serialsjournals.com
SOCIAL SCIENCE & AGRIBUSINESS
 
Language en
 
Rights Other
Open Access
 
Format 887-898
application/pdf
 
Source International Journal of Applied Business and Economic Research