Financial returns in contract fishing in Akwa Ibom State, Nigeria

Namso N. Frank, Aniekan J. Akpaeti and Eteyen E. Nyong

Nigerian Journal of Agricultural Economics, 2017, vol. 07, issue 01

Abstract: The recent resurgence of contracting in fisheries suggests a positive balance in the investment returns of contract fishers. Data were collected from 232 artisanal fishers (contracts, former and those that have never been in contract) for analysis. Results show that the fishermen differed in their investment layout with outboard engine taking highest investment capital of 57.9%, 59.8% and 49.9% for contract, former and non-contract fishers respectively. Variable costs of inputs of the fishers were N5929.13, N5488.4 and N4869.7 for former, contract and non-contract fishers respectively. Analysis of financial performance models of investment used showed that contract fishers had higher Return on Investment (ROI) (43.57%), Return on Assets (ROA) (22%), and Gross Margin (N4,345:00) than the former and those that have never been in contract before. However, Operating Profit Margin (OPM) was higher for former contract fishers (64.58%) seconded by non-contract fisher (60.84%) and tailed by contract fishers (56.89%). The study concluded that contract fishing gives higher returns compared to its best alternative.

Keywords: Agricultural Finance; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/268451/files/Volume%207%281%29R_Frank.pdf (application/pdf)
https://ageconsearch.umn.edu/record/268451/files/V ... k.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:naaenj:268451

DOI: 10.22004/ag.econ.268451

Access Statistics for this article

More articles in Nigerian Journal of Agricultural Economics from Nigerian Journal of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().