Analysis Of Productivity And Risk Factors In Commercial Poultry Production In Osun State, Nigeria
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Abstract
The study examined the resource usc efficiency nnd occurrence of risk factors in poultry production in osun state, nigeria
using the prouuction function nnd bayesian decision model analysis. Data were collected using a set of questionnaire from
200 poultry farmers selected from five local government areas of the state using the multistage sampling technique.
Findings showed that in egg production there was efficient allocation and utilization of resources in poultry production in
the study area as shown by the returns to scale of 0.253 and elasticities of production of the factors most of which were in
stage ii of the production surface. The factors nf feed and labour costs showed decreasing function to the facton and were
in stage iii nf the production surface and thus inefficiently allocated. The identified major risk factors were that of
diseased/parasites and feed poisoning with posterior probabilities of occurrence of 0.787 and 0.212 respectively. These
risks are preventable risks if there are efficient management practices.