Economic assessment of ruminant off-take by Fulani herdsmen in Yewa division of Ogun state

Abstract

The economic assessment of ruminant off-take by fulani herdsmen in yewa division of O Vgun state study was carried out in Yewa (one of four in Ogun with five local government areas) division of Ogun State which was formally known as Egbado. Primary data (structured questionnaire from Fulani) and Secondary data ( articles, journals and record on the research ) were used.As to the cost and return structure, The total variables cost per acre was estimated to be N217,080.00and accounted for 98.77 percent of total cost. The total fixed cost per acre was estimated at N3,000.00 and accounted for 6.62 of total cost. This showed that fixed cost constituted the larger proportion of cost of production of respondents. In addition, total revenue (TR), gross margin (GM) and net farm income (NFI) per acre were estimated at N839,739.00, N2,400,000.00 and N548,415 respectively. The result show that returns on investment (RRI), profitability index (PI), return on variable cost (RRVC) and operation ratio (OR) were 0.45%, 0.92, 13.96% and 0.071% respectively. The implication of this is that herdsmen production in study area is profitable. The study reveals that ruminant off-take by Fulani herdsmen is a lucrative business.