Estimation of the Cost and Revenue of Rabbit Production in Some Selected LGAs In Kwara State, Nigeria

Abstract

The livestock industry is essential to rural economy and way of life, the impoverished actually
contribute to this sector’s success. In Nigeria, rabbit farming is thought to be one of the most
promising ways to close animal protein deficit. Thus, this research looks at the costs and revenues
associated with producing rabbits in Kwara State. Techniques for multistage sampling were used
to gather 240 primary data points that were helpful for further examination. Descriptive statistics,
gross margin analysis, and the stochastic frontier model were used to examine the data.
Respondents who were male and female, young and elderly raised rabbits. The mean age of the
respondents was 45.49 years, which is within an active range that can lead to competence and
effectiveness. Since rabbit production is a modest occupation for the majority of farmers (70.4%),
it has not been completely accepted as a substantial source of income in the research area. A strong
skill set for implementing innovation in the rabbit production industry is correlated with farming
experience. According to the study, selling pregnant and mature female rabbits are more
profitable than selling other types of rabbits. According to a cross-tabulation analysis, university
education increased the profitability of rabbit enterprises, as evidenced by the fact that 28.49% of
respondents with earnings of over N 250,000 on rabbit enterprises had completed their education.
The study comes to the conclusion that the income, economic standing, way of life, and general
well-being of rural households were significantly impacted by the production of rabbits.