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Profitability Analysis of Small ruminants (Goat and Sheep) Production in Rural Communities of Ghana

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DOI: 10.23977/agrfem.2021.040107 | Downloads: 17 | Views: 425

Author(s)

Opoku Agyeman 1, Liu Shuai 1, Yagbasuah Maada Baion 1, Charles Kwasi Antwi 2

Affiliation(s)

1 College of Economics and Management, Jilin Agricultural University, Changchun, 130118, China
2 Department of Consumer and Food Science, University of Pretoria, Pretoria, South Africa

Corresponding Author

Liu Shuai

ABSTRACT

Agriculture is the main driving force of rural economies with livestock, especially small ruminants’ making an important contribution. This study sought to analyse the profitability of small ruminants (goat and sheep) production in rural communities. Primary data from questionnaire administration and secondary data were used. A budgetary analytical technique was used for the analysis to estimate the profit of the enterprises. The study found that small ruminants (goat and sheep) production is profitable and viable with a revenue-cost ratio of 1.86. Therefore, government and non-governmental organizations should support small ruminant producers with credit, adequate training, and make it a major component of farming to curb unemployment.

KEYWORDS

Small Ruminants, Livestock, Profitability, Revenue-Cost Ratio, Ghana

CITE THIS PAPER

Opoku Agyeman, Liu Shuai, Yagbasuah Maada Baion and Charles Kwasi Antwi. Profitability Analysis of Small ruminants (Goat and Sheep) Production in Rural Communities of Ghana. Agricultural & Forestry Economics and Management (2021) Vol. 4: 33-39. DOI: http://dx.doi.org/10.23977/agrfem.2021.040107

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