Analysis of technical,
allocative and economic efficiency of different pond systems
in Ogun state, Nigeria
Kareem, R. O1, Dipeolu, A. O1,
Aromolaran, A. B1 and Akegbejo-Samson2
1Department of Agricultural Economics and Farm Mgt, University of
Agriculture, Abeokuta, Nigeria.
2Department
of Aquaculture and fisheries Management, University of
Agriculture, Abeokuta Nigeria
*Corresponding author. E-mail:
rskventures@yahoo.com.
Accepted 19 February, 2008. |
|
The
study was carried out in Ogun State. The study investigated
the costs and returns analysis of the respondents and the
stochastic frontiers production analysis was applied to
estimate the technical, allocative efficiency and economic
efficiency among the fish farmers using concrete and earthen
pond systems in the State. The results of the returns to
Naira invested shows that earthen pond system yielded N8.0
while concrete pond system yielded N6.5. The results of
economic efficiency also revealed an average of 76% in
concrete pond system while earthen pond system made as high
as 84% economic efficiency level. The results of the
analysis of the mean technical efficiency for both systems
revealed that concrete pond system with 88% while earthen
pond system was 89%. Similarly, the allocative efficiency
results revealed that concrete pond system was 79 percent
while earthen pond had 85%. Stochastic frontier production
function models revealed that pond area, quantity of lime
used, and number of labour used were found to be the
significant factors that contributed to the technical
efficiency of concrete pond system while pond, quantity of
feed and labour are the significant factors in earthen pond
system. The results therefore concluded that only years of
experience is the significant factor in concrete pond system
in the inefficiency sources model. On the basis of the
findings, the study suggested that government of Nigeria
should provide a conducive environment for the establishment
of both concrete and earthen pond system;, encourages more
citizenry, mostly youth to set up both pond systems in a
bid to alleviate poverty status and un-employment rate in
the State and the country at large.
Key
words:
Fish
farming, technical efficiency, allocative and economic
efficiency. |
