Ideba et al
Greener Journal of Agricultural Sciences Vol. 3 (7), pp. 542-549, July 2013.
ISSN: 2276-7770 © 2011 Greener Journals
Manuscript Number: 061013653
Economic Analysis of Fish Farming in Calabar, Cross River State, Nigeria
1Ideba E. Ele, *2Otu W. Ibok, 3Essien A. Antia-Obong,
1Iniobong E. Okon, and 2Ekaette S. Udoh
1Department of Agricultural Economics and Extension, University of Calabar, P.M.B 1115, Calabar.
2Department of Agricultural Economics and Resources Management, Akwa Ibom State University, Obio Akpa Campus, P.M.B 1167, Uyo, Akwa Ibom State.
3Department of Economics, Akwa Ibom State University, Obio Akpa Campus, P.M.B 1167, Uyo, Akwa Ibom State.
*Corresponding Author’s Email: otuibok @ yahoo.com,
The study was on economic analysis of fish farming in
Calabar, Cross River State, Nigeria. It determined the
factors affecting fish farming, estimated gross margin of
fish farms and examined the costs and returns relationship
of fish farming in the study area. The study utilized a two
stage sampling technique to select 36 fish farms in Calabar.
The study revealed that the major constraints affecting
increased level of output in the study area were high cost
of inputs, lack of adequate finance, access to credit
facilities, security and farm labour problems. Fish farming
in the study area is profitable as majority of the farmers
made a gross margin of N400, 000- N700, 000 per annum. It
was also discovered that the amount spent on stocking
accounted for 37.27% of the running cost, followed by amount
spent on water (30.21%), feeding (16.51%) and labour
(14.84%). Multiple regression analysis was used to analyze
the data. Cob-Douglas equation was chosen to be the lead
equation because of statistical significance of the
coefficient and high R2 value of 0.94. The result indicated
that feed (kg), years of farming experience and stocking
density have significant effect on output levels. The study
recommends among others, that fish hatcheries and feed mill
should be established in the study area.
Keywords: Fish farming, cost, gross margin, production function, Calabar, aquaculture.