Financial analysis of small-scale fish farming enterprises to alleviate poverty in homestead
This paper focuses on the financial analysis involved in setting up of fish farming on a small-scale in a homestead. About 0.5 acres of land was used for the construction of pond which as a stock of Clarias spp/ Heterobranchus spp and Tilapia spp at the ratio of one to three for a period of 12 months. The land/land development cost is N26,500.00, pond construction cost, N35,700.00, equipment cost, N2,650.00 and stock/Input requirement cost N155,727.00 while the revenue from sales is N376,000.00. A cash flow analysis is also calculated for the fish farm, which is N155,423.00 for first year cash flow, and appropriate profit/mosses were calculated for five-year production cycle of N1,036,515.00 million. At the end appreciable profit is realized from the enterprises. This type of enterprises is viable for small-scale farmers to practices and adopted for financial support for their family
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| Format: | conference_item biblioteca |
| Language: | English |
| Published: |
2005
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| Subjects: | Aquaculture, Nigeria, aquaculture economics, aquaculture enterprises, costs, financing, fish culture, fish ponds, |
| Online Access: | http://hdl.handle.net/1834/21756 |
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