FUW TRENDS IN SCIENCE & TECHNOLOGY JOURNAL

(A Peer Review Journal)
e–ISSN: 2408–5162; p–ISSN: 2048–5170

FUW TRENDS IN SCIENCE & TECHNOLOGY JOURNAL

ECONOMIC ANALYSIS OF SNAIL PRODUCTION IN OGUN STATE, NIGERIA
Pages: 376-380
Olatokunbo H. Osinowo and Maria G. Ogunnaike


keywords: Heliciculture, Snail production, Profitability, Budgetary analysis, Animal protein and Ogun State

Abstract

There is a retarded growth in snail production in Ogun state, Nigeria which has led to high production costs and average market prices of the product. The study therefore explored the economics of snail production in the State using primary data collected from one hundred and twenty (120) snail farmers through a multistage sampling technique. The data obtained were analyzed using descriptive statistics, budgetary analysis, and Ordinary Least Square (OLS) regression. The descriptive statistics revealed that males who were married and still in their active age group dominated snail production in the study area. The average household size was found to be 6 persons per household with an average snail faming experience of 7 years. The Budgetary analysis showed that snail production was profitable in the study area with gross margin of N75, 551.47 and net farm income .....................................................................................

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