Assessing beekeeping potential in Oyo State, Nigeria
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...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
2018
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/99469 |
| _version_ | 1855533051295039488 |
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| author | Ayodeji, B.T. Dontsop Nguezet, Paul M. Olalekan, O.S. Roland, O. |
| author_browse | Ayodeji, B.T. Dontsop Nguezet, Paul M. Olalekan, O.S. Roland, O. |
| author_facet | Ayodeji, B.T. Dontsop Nguezet, Paul M. Olalekan, O.S. Roland, O. |
| author_sort | Ayodeji, B.T. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| 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. |
| format | Journal Article |
| id | CGSpace99469 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| record_format | dspace |
| spelling | CGSpace994692025-11-11T10:38:42Z Assessing beekeeping potential in Oyo State, Nigeria Ayodeji, B.T. Dontsop Nguezet, Paul M. Olalekan, O.S. Roland, O. technical efficiency maximum estimate beekeepers elasticity gross margin 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. 2018-11 2019-02-18T08:50:05Z 2019-02-18T08:50:05Z Journal Article https://hdl.handle.net/10568/99469 en Open Access application/pdf 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. |
| spellingShingle | technical efficiency maximum estimate beekeepers elasticity gross margin Ayodeji, B.T. Dontsop Nguezet, Paul M. Olalekan, O.S. Roland, O. Assessing beekeeping potential in Oyo State, Nigeria |
| title | Assessing beekeeping potential in Oyo State, Nigeria |
| title_full | Assessing beekeeping potential in Oyo State, Nigeria |
| title_fullStr | Assessing beekeeping potential in Oyo State, Nigeria |
| title_full_unstemmed | Assessing beekeeping potential in Oyo State, Nigeria |
| title_short | Assessing beekeeping potential in Oyo State, Nigeria |
| title_sort | assessing beekeeping potential in oyo state nigeria |
| topic | technical efficiency maximum estimate beekeepers elasticity gross margin |
| url | https://hdl.handle.net/10568/99469 |
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