OPERATIONAL CHARACTERISTICS AND FINANCIAL PERFORMANCE OF AFRICAN CATFISH HATCHERIES UNDER DIFFERENT MANAGEMENT SYSTEMS IN IBADAN, NIGERIA
Operational characteristics as influenced by management systems are crucial to the sustainability of fish seed production industry. However, there is a dearth of technical information on the characteristics and financial performance of most fish hatcheries in Nigeria. There is, therefore, a need to...
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| Veröffentlicht in: | African journal of food, agriculture, nutrition, and development : AJFAND agriculture, nutrition, and development : AJFAND, 2020-06, Vol.20 (3), p.15709-15722 |
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| container_title | African journal of food, agriculture, nutrition, and development : AJFAND |
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| creator | Orisasona, O Ajani, EK Babatunde, S Omitoyin, BO Osho, EF Kareem, OK |
| description | Operational characteristics as influenced by management systems are
crucial to the sustainability of fish seed production industry.
However, there is a dearth of technical information on the
characteristics and financial performance of most fish hatcheries in
Nigeria. There is, therefore, a need to provide this information to
properly guide existing operators and the will-be investors on
operational features that will ensure sustainability of fish seed
production in Nigeria. The study was, therefore, carried out to compare
and understand the performance of different fish seed production
management systems in Ibadan, Nigeria. A survey of 51 registered and
operational hatcheries employing flow-through (FL), recirculating cum
flow-through (RCFL) and recirculating systems (RC), in the eleven Local
government areas of Ibadan metropolis was carried out between April and
May, 2017. Technical information was sourced using structured
questionnaire. Data was analysed using descriptive statistics and
one-way ANOVA with means separated using Duncan Multiple Range Test.
The study showed that the average African Catfish hatchery production
was 4.90 million seed per year as computed from the mean from the three
systems (2.29 million, 2.63 million and 9.79 million for RC, RCFL and
FL systems, respectively). On average, 64.6% of hatchery production was
sold as fingerlings (5cm), while 35.4% of seed production was sold as
juveniles (8 -15cm). Total costs and total revenues in FL hatcheries
(N21.38 million and N86.09 million, respectively) were highest and
least values (N5.62 million and N22.72 million, respectively) were
recorded in RC hatcheries. Net profits were significantly higher in FL
systems (79.6% of sales) and RC systems (79.2% of sales), than RCFL
(67.7% of sales) and. A 50% reduction in seed price and 75% increase in
operating costs resulted in losses only in RCFL system. Main challenges
of hatchery operation were price fluctuation, a high cost of power and
availability of high-quality broodstock, among other factors.
Flow-through culture system is mostly adopted in Ibadan, South-western
Nigeria and gave the highest net profit as a percentage of sales, but
profit was marginally higher than the result from the recirculating
system. |
| doi_str_mv | 10.18697/ajfand.91.17730 |
| format | Article |
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crucial to the sustainability of fish seed production industry.
However, there is a dearth of technical information on the
characteristics and financial performance of most fish hatcheries in
Nigeria. There is, therefore, a need to provide this information to
properly guide existing operators and the will-be investors on
operational features that will ensure sustainability of fish seed
production in Nigeria. The study was, therefore, carried out to compare
and understand the performance of different fish seed production
management systems in Ibadan, Nigeria. A survey of 51 registered and
operational hatcheries employing flow-through (FL), recirculating cum
flow-through (RCFL) and recirculating systems (RC), in the eleven Local
government areas of Ibadan metropolis was carried out between April and
May, 2017. Technical information was sourced using structured
questionnaire. Data was analysed using descriptive statistics and
one-way ANOVA with means separated using Duncan Multiple Range Test.
The study showed that the average African Catfish hatchery production
was 4.90 million seed per year as computed from the mean from the three
systems (2.29 million, 2.63 million and 9.79 million for RC, RCFL and
FL systems, respectively). On average, 64.6% of hatchery production was
sold as fingerlings (5cm), while 35.4% of seed production was sold as
juveniles (8 -15cm). Total costs and total revenues in FL hatcheries
(N21.38 million and N86.09 million, respectively) were highest and
least values (N5.62 million and N22.72 million, respectively) were
recorded in RC hatcheries. Net profits were significantly higher in FL
systems (79.6% of sales) and RC systems (79.2% of sales), than RCFL
(67.7% of sales) and. A 50% reduction in seed price and 75% increase in
operating costs resulted in losses only in RCFL system. Main challenges
of hatchery operation were price fluctuation, a high cost of power and
availability of high-quality broodstock, among other factors.
Flow-through culture system is mostly adopted in Ibadan, South-western
Nigeria and gave the highest net profit as a percentage of sales, but
profit was marginally higher than the result from the recirculating
system.</description><identifier>ISSN: 1684-5358</identifier><identifier>ISSN: 1684-5374</identifier><identifier>EISSN: 1684-5374</identifier><identifier>DOI: 10.18697/ajfand.91.17730</identifier><language>eng</language><publisher>Rural Outreach Program</publisher><subject>Aquaculture industry ; Catfish ; Culture systems ; Fish hatcheries ; Fishes ; Hatcheries ; Ibadan ; Local government ; Nigeria ; Operational features ; Profit ; Seafood industry ; Seed ; Seed industry ; Surveys ; Technical information</subject><ispartof>African journal of food, agriculture, nutrition, and development : AJFAND, 2020-06, Vol.20 (3), p.15709-15722</ispartof><rights>Copyright [2020] - African Journal of Food, Agriculture, Nutrition and Development</rights><rights>COPYRIGHT 2020 Rural Outreach Program</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-b4210-7e2b7be4eba88c5b28abb440ccfa48d4b4d774cdde3fc97313a715b2eb7a28e23</citedby><cites>FETCH-LOGICAL-b4210-7e2b7be4eba88c5b28abb440ccfa48d4b4d774cdde3fc97313a715b2eb7a28e23</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,864,27924,27925,79426</link.rule.ids></links><search><creatorcontrib>Orisasona, O</creatorcontrib><creatorcontrib>Ajani, EK</creatorcontrib><creatorcontrib>Babatunde, S</creatorcontrib><creatorcontrib>Omitoyin, BO</creatorcontrib><creatorcontrib>Osho, EF</creatorcontrib><creatorcontrib>Kareem, OK</creatorcontrib><creatorcontrib>Obafemi Awolowo University,Ile-Ife,Nigeria</creatorcontrib><creatorcontrib>University of Ibadan, Nigeria</creatorcontrib><title>OPERATIONAL CHARACTERISTICS AND FINANCIAL PERFORMANCE OF AFRICAN CATFISH HATCHERIES UNDER DIFFERENT MANAGEMENT SYSTEMS IN IBADAN, NIGERIA</title><title>African journal of food, agriculture, nutrition, and development : AJFAND</title><description>Operational characteristics as influenced by management systems are
crucial to the sustainability of fish seed production industry.
However, there is a dearth of technical information on the
characteristics and financial performance of most fish hatcheries in
Nigeria. There is, therefore, a need to provide this information to
properly guide existing operators and the will-be investors on
operational features that will ensure sustainability of fish seed
production in Nigeria. The study was, therefore, carried out to compare
and understand the performance of different fish seed production
management systems in Ibadan, Nigeria. A survey of 51 registered and
operational hatcheries employing flow-through (FL), recirculating cum
flow-through (RCFL) and recirculating systems (RC), in the eleven Local
government areas of Ibadan metropolis was carried out between April and
May, 2017. Technical information was sourced using structured
questionnaire. Data was analysed using descriptive statistics and
one-way ANOVA with means separated using Duncan Multiple Range Test.
The study showed that the average African Catfish hatchery production
was 4.90 million seed per year as computed from the mean from the three
systems (2.29 million, 2.63 million and 9.79 million for RC, RCFL and
FL systems, respectively). On average, 64.6% of hatchery production was
sold as fingerlings (5cm), while 35.4% of seed production was sold as
juveniles (8 -15cm). Total costs and total revenues in FL hatcheries
(N21.38 million and N86.09 million, respectively) were highest and
least values (N5.62 million and N22.72 million, respectively) were
recorded in RC hatcheries. Net profits were significantly higher in FL
systems (79.6% of sales) and RC systems (79.2% of sales), than RCFL
(67.7% of sales) and. A 50% reduction in seed price and 75% increase in
operating costs resulted in losses only in RCFL system. Main challenges
of hatchery operation were price fluctuation, a high cost of power and
availability of high-quality broodstock, among other factors.
Flow-through culture system is mostly adopted in Ibadan, South-western
Nigeria and gave the highest net profit as a percentage of sales, but
profit was marginally higher than the result from the recirculating
system.</description><subject>Aquaculture industry</subject><subject>Catfish</subject><subject>Culture systems</subject><subject>Fish hatcheries</subject><subject>Fishes</subject><subject>Hatcheries</subject><subject>Ibadan</subject><subject>Local government</subject><subject>Nigeria</subject><subject>Operational features</subject><subject>Profit</subject><subject>Seafood industry</subject><subject>Seed</subject><subject>Seed industry</subject><subject>Surveys</subject><subject>Technical information</subject><issn>1684-5358</issn><issn>1684-5374</issn><issn>1684-5374</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>RBI</sourceid><sourceid>N95</sourceid><sourceid>KPI</sourceid><recordid>eNqNkkFv2yAUgK1plda1u-_IdVKdgY0DOVIHJ2gJrmxX004IME5dpU5lUqn9Cf3XY83WLVIPExI8Ht_3npBeFH1GcILodEa-6ttOD-1khiaIkBS-i07RlOI4Swl-_xpn9EP00ftbCHGWTfFp9Fxe8Yo1opRsBfIlq1je8ErUjchrwOQcFEIymYvwGsCirNbhxkFZAFZUImcS5KwpRL0ES9bky6DyGlzLOa_AXBQFr7hsQHDYgq9_hfWPuuHrGggJxCWbM3kBpFgEjZ1HJ53eevfp93kWXRc8lIxX5SI0WsUGJwjGxCWGGIed0ZTazCRUG4MxtLbTmLbY4JYQbNvWpZ2dkRSlmqCAOUN0Ql2SnkXxoe5Gb53qh263H7XduMGNersbXNeHNJsmJKEIZlngJ2_wYbXurrdvCl-OhMDs3eN-ox-8V9-uxH-zYv39mL34hzUPvh-cD5vvNzd7f1COcHjA7bjzfnSduh_7Oz0-KQTVy8iow8ioGVIvI_P3q6bfbUP1V8OOvVZ_ksEY2gTCFKc_AUeOubo</recordid><startdate>20200601</startdate><enddate>20200601</enddate><creator>Orisasona, O</creator><creator>Ajani, EK</creator><creator>Babatunde, S</creator><creator>Omitoyin, BO</creator><creator>Osho, EF</creator><creator>Kareem, OK</creator><general>Rural Outreach Program</general><scope>RBI</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>N95</scope><scope>IMW</scope><scope>KPI</scope></search><sort><creationdate>20200601</creationdate><title>OPERATIONAL CHARACTERISTICS AND FINANCIAL PERFORMANCE OF AFRICAN CATFISH HATCHERIES UNDER DIFFERENT MANAGEMENT SYSTEMS IN IBADAN, NIGERIA</title><author>Orisasona, O ; Ajani, EK ; Babatunde, S ; Omitoyin, BO ; Osho, EF ; Kareem, OK</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-b4210-7e2b7be4eba88c5b28abb440ccfa48d4b4d774cdde3fc97313a715b2eb7a28e23</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Aquaculture industry</topic><topic>Catfish</topic><topic>Culture systems</topic><topic>Fish hatcheries</topic><topic>Fishes</topic><topic>Hatcheries</topic><topic>Ibadan</topic><topic>Local government</topic><topic>Nigeria</topic><topic>Operational features</topic><topic>Profit</topic><topic>Seafood industry</topic><topic>Seed</topic><topic>Seed industry</topic><topic>Surveys</topic><topic>Technical information</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Orisasona, O</creatorcontrib><creatorcontrib>Ajani, EK</creatorcontrib><creatorcontrib>Babatunde, S</creatorcontrib><creatorcontrib>Omitoyin, BO</creatorcontrib><creatorcontrib>Osho, EF</creatorcontrib><creatorcontrib>Kareem, OK</creatorcontrib><creatorcontrib>Obafemi Awolowo University,Ile-Ife,Nigeria</creatorcontrib><creatorcontrib>University of Ibadan, Nigeria</creatorcontrib><collection>Bioline International Open Access</collection><collection>CrossRef</collection><collection>Gale Business: Insights</collection><collection>Gale In Context: World History</collection><collection>Gale In Context: Global Issues</collection><jtitle>African journal of food, agriculture, nutrition, and development : AJFAND</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Orisasona, O</au><au>Ajani, EK</au><au>Babatunde, S</au><au>Omitoyin, BO</au><au>Osho, EF</au><au>Kareem, OK</au><aucorp>Obafemi Awolowo University,Ile-Ife,Nigeria</aucorp><aucorp>University of Ibadan, Nigeria</aucorp><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>OPERATIONAL CHARACTERISTICS AND FINANCIAL PERFORMANCE OF AFRICAN CATFISH HATCHERIES UNDER DIFFERENT MANAGEMENT SYSTEMS IN IBADAN, NIGERIA</atitle><jtitle>African journal of food, agriculture, nutrition, and development : AJFAND</jtitle><date>2020-06-01</date><risdate>2020</risdate><volume>20</volume><issue>3</issue><spage>15709</spage><epage>15722</epage><pages>15709-15722</pages><issn>1684-5358</issn><issn>1684-5374</issn><eissn>1684-5374</eissn><abstract>Operational characteristics as influenced by management systems are
crucial to the sustainability of fish seed production industry.
However, there is a dearth of technical information on the
characteristics and financial performance of most fish hatcheries in
Nigeria. There is, therefore, a need to provide this information to
properly guide existing operators and the will-be investors on
operational features that will ensure sustainability of fish seed
production in Nigeria. The study was, therefore, carried out to compare
and understand the performance of different fish seed production
management systems in Ibadan, Nigeria. A survey of 51 registered and
operational hatcheries employing flow-through (FL), recirculating cum
flow-through (RCFL) and recirculating systems (RC), in the eleven Local
government areas of Ibadan metropolis was carried out between April and
May, 2017. Technical information was sourced using structured
questionnaire. Data was analysed using descriptive statistics and
one-way ANOVA with means separated using Duncan Multiple Range Test.
The study showed that the average African Catfish hatchery production
was 4.90 million seed per year as computed from the mean from the three
systems (2.29 million, 2.63 million and 9.79 million for RC, RCFL and
FL systems, respectively). On average, 64.6% of hatchery production was
sold as fingerlings (5cm), while 35.4% of seed production was sold as
juveniles (8 -15cm). Total costs and total revenues in FL hatcheries
(N21.38 million and N86.09 million, respectively) were highest and
least values (N5.62 million and N22.72 million, respectively) were
recorded in RC hatcheries. Net profits were significantly higher in FL
systems (79.6% of sales) and RC systems (79.2% of sales), than RCFL
(67.7% of sales) and. A 50% reduction in seed price and 75% increase in
operating costs resulted in losses only in RCFL system. Main challenges
of hatchery operation were price fluctuation, a high cost of power and
availability of high-quality broodstock, among other factors.
Flow-through culture system is mostly adopted in Ibadan, South-western
Nigeria and gave the highest net profit as a percentage of sales, but
profit was marginally higher than the result from the recirculating
system.</abstract><pub>Rural Outreach Program</pub><doi>10.18697/ajfand.91.17730</doi><tpages>14</tpages><oa>free_for_read</oa></addata></record> |
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| ispartof | African journal of food, agriculture, nutrition, and development : AJFAND, 2020-06, Vol.20 (3), p.15709-15722 |
| issn | 1684-5358 1684-5374 1684-5374 |
| language | eng |
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| source | Bioline International Open Access; DOAJ Directory of Open Access Journals; EZB-FREE-00999 freely available EZB journals; Alma/SFX Local Collection |
| subjects | Aquaculture industry Catfish Culture systems Fish hatcheries Fishes Hatcheries Ibadan Local government Nigeria Operational features Profit Seafood industry Seed Seed industry Surveys Technical information |
| title | OPERATIONAL CHARACTERISTICS AND FINANCIAL PERFORMANCE OF AFRICAN CATFISH HATCHERIES UNDER DIFFERENT MANAGEMENT SYSTEMS IN IBADAN, NIGERIA |
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