Effect of pond rental market system on aquaculture farmers in the coastal communities of Nigeria

The study assessed the effect of renting pond on aquaculture farmers' productivity in the coastal communities of Nigeria. Multistage sampling technique was used to collect primary data for the study. Data were collected from two hundred and forty (240) aquaculture farmers. Net Profit Margin Rat...

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Bibliographic Details
Published in:Journal of applied aquaculture 2023-07, Vol.35 (3), p.656-673
Main Authors: Thompson, Olaniran Anthony, Aturamu, Oluyede. Adeleke, Ajiboye, Babatunde, Olumide Ojo, Oyenike
Format: Article
Language:English
Subjects:
Agricultural production
Aquaculture
Aquaculture farmers
Economics
endogenous switching regression model
Farmers
Polyculture (aquaculture)
pond rental market system
Ponds
Productivity
Profitability
Regression models
Rent
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Summary:The study assessed the effect of renting pond on aquaculture farmers' productivity in the coastal communities of Nigeria. Multistage sampling technique was used to collect primary data for the study. Data were collected from two hundred and forty (240) aquaculture farmers. Net Profit Margin Ratio (NPMR) was used to determine the profitability of both pond rentals and non-pond rentals. Endogenous Switching Regression Model was used to analyze the effects of renting pond on the productivity of the aquaculture farmers. Result of NPMR revealed that the pond rental aquaculture farmers' profitability was 9.95% higher than that of non-pond rental farmers. Result of the ESR showed that pond rental aquaculture farmers' productivity was 9.73 kg/m 2 and non-rentals was 7.22 kg/m 2 . The difference represents increase in productivity of pond rental aquaculture farmers by 34.76%. Hence, aquaculture farmers should be encouraged to participate in pond rental market system to increase their profitability and productivity.
ISSN:1045-4438
1545-0805
DOI:10.1080/10454438.2021.2015039