Determinants of Profitability of Goat Marketing in Yobe State, Nigeria

International Journal of Agriculture & Environmental Science
© 2018 by SSRG - IJAES Journal
Volume 5 Issue 3
Year of Publication : 2018
Authors : Ibrahim Musa Waziri and Hosea Danladi
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Ibrahim Musa Waziri and Hosea Danladi, " Determinants of Profitability of Goat Marketing in Yobe State, Nigeria," SSRG International Journal of Agriculture & Environmental Science, vol. 5,  no. 3, pp. 26-29, 2018. Crossref, https://doi.org/10.14445/23942568/IJAES-V5I3P105

Abstract:

The study analysed determinants of profitability of goats marketing in Yobe State, Nigeria. Data were sourced from both primary and secondary sources. Four livestock markets (Gaidam, Garin-Alkali, Ngalda and Potiskum) were purposively selected because they are considered to be the largest in the study area. The sampling frame was the list of marketers obtained from their associations. The marketers on the frame were categorized into retailers and, wholesalers, each category were selected randomly proportionate to their number in each market. A total of 90 samples were used for the analysis. The percentage taken from each category in each market was 20%. Descriptive and inferential statistics were used for data analysis. The descriptive statistics used were frequency distribution and percentages. Gross margin was used to determine the profitability. Factors that influence profit of goat marketers were quantitatively determined using the Ordinary Least Square (OLS). The profitability analysis shows that retailers earned on average gross margin of N1520 per herd of goat while wholesalers earned gross margin of N1560 per herd. Result of the determinants of profitability shows that the coefficients of operating of capital (X1) and marketing experience (X5) had positive signs while coefficient of cost of purchase (X2), cost of keeping/maintenance (X3), and cost of transportation (X4) had negative sign. Parameters with positive signs indicate that as they increase profit of the respondents’ increases to their respective coefficient values. While the negative sign implies decrease in profit proportionate to their coefficient values. The study recommends among others improved transportation network to reduce marketing cost in the study area and improved credit access to expand business.

Keywords:

Determinants, Profitability, Goat Marketing, Yobe State, Nigeria

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