Abstract

The study was conducted to investigate risk assessment among cooperative poultry egg farmers in Ekiti-east Local Government Area of Ekiti-State, Nigeria. A multi-stage sampling technique was employed to select the sample size of one hundred and twenty (120) respondents using a well-structured questionnaire. Data was analyzed using simple descriptive statistics and inferential statistics such as safety first model and multiple regression were used to analyze the data. Majority married, young and educated, majority of the respondents source their credit from personal savings to finance their poultry egg enterprise. They were highly experienced in poultry egg business because 81.70. % of poultry egg farmers had more than 10 years’ experience. The poultry farmers with optional responses under poultry risk were either averse to such risks or preferred them. Poultry farmers that had risk aversion attitudes, have risk mitigating strategies through which they reduce risk adverse effects. The regression result support the proved that risk attitude of the poultry farmers could be influenced by their socio-economic characteristics. The significant variables in the study are educational level, house hold size, poultry farming experience and gender. Poultry farmers in the study area exhibited the 3-probable categories of the risk attitudes obtainable. It was noted that the ratio of an individual’s being a risk preferred to risk averse was ratio 1 to 3 (1:3). The study recommended that: Government at all levels should ensure effective policy formulation to reduce the risk faced and improve risk mitigation strategies. Poultry farmers should be more encouraged, educated and enlightened to join cooperative organizations in order to have access to better information, more access to credit to finance their enterprise that will help in poultry risk mitigation and facilitate positive interactions especially on risk sharing