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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

Main Author: Tuffour, Michael
Other Authors: Oppong, Boahen Atta
Format: Electronic Article Electronic Article
Language: English
Subjects:
Quelle: AgEcon Search: Research in Agricultural and Applied Economics
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recordid: umn_soai_ageconsearch_umn_edu_163706
title: PROFIT EFFICIENCY IN BROILER PRODUCTION: EVIDENCE FROM GREATER ACCRA REGION OF GHANA
format: Article
creator:
  • Tuffour, Michael
  • Oppong, Boahen Atta
subjects:
  • Agribusiness
  • Agricultural and Food Policy
  • Production Economics
  • Productivity Analysis
  • Broiler
  • Efficiency
  • Competitiveness
  • Ghana
ispartof:
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: AgEcon Search: Research in Agricultural and Applied Economics
identifier:
fulltext: fulltext_linktorsrc
url: Link


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titlePROFIT EFFICIENCY IN BROILER PRODUCTION: EVIDENCE FROM GREATER ACCRA REGION OF GHANA
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subjectAgribusiness ; Agricultural and Food Policy ; Production Economics ; Productivity Analysis ; Broiler ; Efficiency ; Competitiveness ; Ghana
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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