ECONOMIC ANALYSIS OF CATTLE MARKETING AND RISKS AMONG TRADERS IN NORTH-CENTRAL NIGERIA
DOI:
https://doi.org/10.53555/nnfaes.v9i4.1627Keywords:
Cattle, Retailers, Business Risk, Socioeconomic characteristics, NigeriaAbstract
The study analyzed cattle marketing and risks among traders in North-Central Nigeria. It considered the socio-economic characteristics of cattle marketers, Primary data were collected from 350 market intermediaries using stratified sampling techniques. The methods of data analysis included descriptive statistics such as frequency distribution tables, mean and percentages. Results revealed that for objective one, cattle marketing is male dominated as 100% of market intermediaries were males. Age was also a significant positive attribute of cattle marketing which revealed that 64.3% of respondents were less than 50 years, hence physically capable of undertaking the business. Findings of objective two revealed three types of intermediaries who were found to be very important in cattle marketing in the study area. These included wholesalers, retailers and brokers. Result of objective three of the study indicates that there was no fixed cost item because traders did not own either a warehouse or a truck. Most of their expenses were restricted to the operational costs of maintaining the animals in terms of supplementary feeding before final conveyance to the distant markets as well as taxes/levies paid in transit and thus only gross margin could be calculated. The researcher concluded that cattle marketing in North-Central Nigeria was profitable despite that wholesalers incurred the high costs, followed by retailers and brokers, largely from transportation cost. The study recommended among others that credit institutions should support cattle marketing, illegal taxes and levies on cattle marketing should be eliminated while on transit as well as provision of good and affordable transport system.
References
Abiyong, P.A., Bidoli, T.D. and Nyiatagher, Z.T. (2019). Determinants of Piggery Business in Kaduna State, Nigeria.
Adamu, A.; Filani, M. and Mamman, A.A. (2005). Market and Transport Institutions in Nigeria’s Livestock Trade: Case Studies from Sokoto and Ibadan.
Adegeye, A.J. and Dittoh, J.S. (1985). Essentials of Agricultural Economics. Impact Publishers Nigeria Limited, Ibadan, pp 164-177.
Adeoti, A.I. Oluwatayo, I.B. and Raheem O.S (2014). Determinants of Market Participation among Maize Producers in Oyo State, Nigeria. British Journal of Economics, Management & Trade, 4(7): 1115-1127.
Ayele, S., Zemedu, L. And Geremdhin, B. (2017). Analysis of Market Structure, Conduct and Performance of Beef Cattle: The Case of Dugda District, East Shoa Zone, Oromia Regional State, Ethiopia. Journal of Biology, Agriculture and Health Care, 7(5):5-11.
Cevrimli, M.B. and Sakarya, E. (2019). Tarsim insurance application for beehives; sample of Tr32 region. MAKU Sag. Bil. Enst. Derg., 5:1-10
Cevrirnli, M.B., Mat, B., Tekindal, M.A. and Gunlu, A. (2022). Determination of risk factors in cattle and small ruminant livestock enterprises from the perspective of animals life insurance: a case study in Turkey, Arq. Bras. Med. Vet. Zootec., 74(l):21-32.
Coase, R.H. (1992) . The Institutional Structure of Production. American Economic Review,4:713-719
Filani, M.O, (2006). Transport Market Study- The Bodija Cattle Market in Ibadan. Department of Geography University of Ibadan, Nigeria.
Folayan, J.A., Oguntade, A.E. and Ogundani, K. (2007). Analysis of Profitability and Operational Efficiencies of Cocoa Marketing: Empirical Evidence from Nigeria. Journal of Social Sicencé, 15(2): 197-199.
Mafimisebi, T.E. (2011). Spatial Price Equilibrium and Fish Market Integration in
Nigeria: Pricing contacts of Spatially Separated Markets. LAP Lambert Publishing Company, Germany. Pp. 157.
Girei, A.A., Dire, B. and Bello, B.J-I. (2013). Assessment of costs and returns of cattle marketing in central zone of Adamawa State, Nigeria. British Journal of Marketing Studies,, 1(4): 1-10
HalTiss, B. (1979). There is method in my madness: or it is vice-versa? Measuring agricultural market performance. Food Research Institute Studies. 16: 97-2 18.
Harris-White, B. (1990). Introduction: Visible hands. In: Harris-White, B. (ed), Agricultural markets from theory to practice: Field experience in developing countries. Macmillan Press Ltd, Hampshire, UK, 369 pp.
Hays, H. M. (1975). The marketing and’ storage of vegetables in Northern Nigeria, Samaru. Miscellaneous Paper No. 50, Institute for Agricultural Research, Zaria. 17-19.
Jagwe, I., Machethe, C. and Ouma, E. (2010). Transaction costs and smallholder farmers’ participation in banana markets in the Great Lakes Region of Burundi, Rwanda and the Democratic Republic of Congo. AfJARE. 6(1 ):302—
Mafimisebi, T.E. Bobola, O.M. and Mafimisebi, O.E. (2013). “Fundamentals of Cattle Marketing in South West, Nigeria: Analyzing Market Intermediaries, Prince Formation and Yield Performance”, Invited paper presented at the 4th International Conference of the African Association of Agriculture Economists, September 22-25, 2013, Hammamet, Tunisia, pp 1-22.
Marion, B. (1986). The Organization and Performance of the US Food System. Lexington, Massachusetts, USA.
Musa, Y.M., Iheanacho, A.C. and Nyiatagher, Z.T. (2018). Analysis of Channel and Structure of Cattle Marketing Intermediaries in Mubi Local Government Area of Adamawa State, Nigeria. International Journal of Environment, Agriculture and Biotechnology, 3(2): 433-440.
Olukosi, J.O., Isitor, S.U. and Ode, M.O. (2007). Introduction to Agricultural Marketing and Prices: Principle and Applications. Living Books Series, G.U. Publications, Abuja, FCT, Nigeria. Pp 37-44.
Ouma, E., Jagwe, J., Obare, G. and Abele, S. (2010). (Determinants of Smallholder Farmers’ Participation in banana markets in Central Africa: The role of transaction costs. Agricultural Economics. 41(1): 111 – 122.
Staal, S., Delgado, C. and Nicholson, C. (1997). Smallholder dairy under transactions cost in East Africa. World Development, 25(5): 779-794.
Williams, T.O., Spyeher, B. and Okike, I. (2006). Improving livestock marketing and intra-regional trade in West Africa: Determining appropriate economic incentives and policy framework. ILRI (International Livestock Research Institute), Nairobi, Kenya. 122pp.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Journal of Advance Research in Food, Agriculture and Environmental Science (ISSN: 2208-2417)
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Terms & Condition
Submission -
Author can submit the manuscript through our online submission process or email us at the designated email id in contact details.
The other mode of submission not accepted than online and email.
Before submission please read the submission guidelines.
NN Publication accepts only article submitted in pdf/doc/docx/rtf file format. Another format except given file formats will no be considered .
Author will be responsible for the error mistakes in the submission files. The minor changes can be done without any cost after publication. But for major changes NN Publication may charges you the editing charges.
Publication (Online) -
The online publication is scheduled on last date of every month, but it can be delayed by 24 to 48 hours due to editorial process if huge number of articles comes to publish in single issue.
Automatic notificatation email will be sent to the all users on publication of an issue, so its author’s duty to check their email inbox or SPAM folder to get this notification.
After publication of article author can not withdraw their article.
If editor’s found any issue after publication of article then the NN Publication have the authority to remove the article from online website.
No refund will be provided after online publication of article.
Publication (Print) -
The print copy publication are sent as per the author’s request after 2 weeks of online publication of that issue.
NN Publication will ship the article by India Post and provide the consignment number on dispatch of print copy.
NN Publication follows all the guidelines of delivery provided by IndiaPost and hence not responsible for delay in delivery due to any kind of reasons.
Refund of hard copy will not be provided after dispatch or print of the journal.
NN Publication will be responsible for raise a complain if there is any issue occurs in delivery, but still will not be responsible for providing the refund.
NN Publication will be responsible to resend the print copy only and only if the print copy is lost or print copy is damaged in delivery / or there is delay more than 6 months.
According to India Post the delivery should be completed with in 1-3 weeks after dispatch of articles.
Privacy Policy-
NN Publicationl uses the email ids of authors and editors and readers for sending editorial or publication notification only, we do not reveal or sell the email ids to any other website or company.
