Allocative efficiency in pond fish production in Delta State, Nigeria: a production function approach
2007
Inoni, O.E.,Delta State Univ., Asaba (Nigeria). Dept. of Agricultural Economics and Extension
The paper examined the efficiency of resource utilisation in pond fish production in Delta State, Nigeria, using a production function approach. Data for the study were obtained from a cross section of 72 farms using a multistage sampling procedure. The farms had a total water surface area of 101.15 hectares. Regression results indicated that pond size, feeds, fingerlings, and labour were significant determinants of output in pond fish production. The index of resource-use efficiency revealed that fish farmers were not only inefficient in the allocation of productive resources, but grossly over-utilised feeds, fingerlings, fixed costs, and labour with an allocative efficiency index of 0.0025, 0.00064, -0.00017, and 0.00025, respectively. Pond size was underutilised with an allocative efficiency index of 3.22. Given the underutilisation of pond size, strategies aimed at increasing farm size will thus significantly improve efficiency of utilisation of other resources.
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