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PROFIT EFFICIENCY IN BROILER PRODUCTION: EVIDENCE FROM GREATER ACCRA REGION OF GHANA

The study examines profit efficiency and its determinants in broiler production in the context of profit maximization as an incentive for optimum production. The study uses the stochastic frontier approach with the application of the Cobb – Douglas profit function. A cross sectional data was obtaine... Full description

Journal Title: International Journal of Food and Agricultural Economics 01 January 2014, Vol.2(1), pp.23-32
Main Author: Michael Tuffour
Other Authors: Boahen Atta Oppong
Format: Electronic Article Electronic Article
Language: English
Subjects:
ID: ISSN: 2147-8988 ; E-ISSN: 2149-3766
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title: PROFIT EFFICIENCY IN BROILER PRODUCTION: EVIDENCE FROM GREATER ACCRA REGION OF GHANA
format: Article
creator:
  • Michael Tuffour
  • Boahen Atta Oppong
subjects:
  • Broiler
  • Efficiency
  • Competitiveness
  • Ghana
  • Economics
ispartof: International Journal of Food and Agricultural Economics, 01 January 2014, Vol.2(1), pp.23-32
description: The study examines profit efficiency and its determinants in broiler production in the context of profit maximization as an incentive for optimum production. The study uses the stochastic frontier approach with the application of the Cobb – Douglas profit function. A cross sectional data was obtained from one hundred poultry producers in Greater Accra Region using a multistage sampling method. The results of the study indicated that price of labor significantly reduced profit but the price of day old chick increased profit. The result further revealed that broiler producers were able to realize 54% of their frontier profit on the average. Number of years of experience in broiler production was found to reduce inefficiency whilst farms owned by sole proprietors were less economically efficient. The study recommends that the inputs should be made available to farmers at competitive prices and the quantity of labor use should be declined because the current level is uncompetitive. Training should also be provided to less experienced farmers to enable them adopt the best poultry farming practices.
language: eng
source:
identifier: ISSN: 2147-8988 ; E-ISSN: 2149-3766
fulltext: fulltext_linktorsrc
issn:
  • 2147-8988
  • 21478988
  • 2149-3766
  • 21493766
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titlePROFIT EFFICIENCY IN BROILER PRODUCTION: EVIDENCE FROM GREATER ACCRA REGION OF GHANA
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subjectBroiler ; Efficiency ; Competitiveness ; Ghana ; Economics
descriptionThe study examines profit efficiency and its determinants in broiler production in the context of profit maximization as an incentive for optimum production. The study uses the stochastic frontier approach with the application of the Cobb – Douglas profit function. A cross sectional data was obtained from one hundred poultry producers in Greater Accra Region using a multistage sampling method. The results of the study indicated that price of labor significantly reduced profit but the price of day old chick increased profit. The result further revealed that broiler producers were able to realize 54% of their frontier profit on the average. Number of years of experience in broiler production was found to reduce inefficiency whilst farms owned by sole proprietors were less economically efficient. The study recommends that the inputs should be made available to farmers at competitive prices and the quantity of labor use should be declined because the current level is uncompetitive. Training should also be provided to less experienced farmers to enable them adopt the best poultry farming practices.
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The study examines profit efficiency and its determinants in broiler production in the context of profit maximization as an incentive for optimum production. The study uses the stochastic frontier approach with the application of the Cobb – Douglas profit function. A cross sectional data was obtained from one hundred poultry producers in Greater Accra Region using a multistage sampling method. The results of the study indicated that price of labor significantly reduced profit but the price of day old chick increased profit. The result further revealed that broiler producers were able to realize 54% of their frontier profit on the average. Number of years of experience in broiler production was found to reduce inefficiency whilst farms owned by sole proprietors were less economically efficient. The study recommends that the inputs should be made available to farmers at competitive prices and the quantity of labor use should be declined because the current level is uncompetitive. Training should also be provided to less experienced farmers to enable them adopt the best poultry farming practices.

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The study examines profit efficiency and its determinants in broiler production in the context of profit maximization as an incentive for optimum production. The study uses the stochastic frontier approach with the application of the Cobb – Douglas profit function. A cross sectional data was obtained from one hundred poultry producers in Greater Accra Region using a multistage sampling method. The results of the study indicated that price of labor significantly reduced profit but the price of day old chick increased profit. The result further revealed that broiler producers were able to realize 54% of their frontier profit on the average. Number of years of experience in broiler production was found to reduce inefficiency whilst farms owned by sole proprietors were less economically efficient. The study recommends that the inputs should be made available to farmers at competitive prices and the quantity of labor use should be declined because the current level is uncompetitive. Training should also be provided to less experienced farmers to enable them adopt the best poultry farming practices.

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