Determinants of Profitability of Grasscutter Farming in South East Nigeria

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U. U. Uka
J. A. Mbanasor
P. O. Nto
S. O. Aigbokie

Abstract

This study, Determinants of profitability of grasscutter farming business was carried
out in South East Nigeria. Data were analyzed using descriptive and multiple
regression model. Data were collected using structured questionnaire. The results
showed that the average return per enterprises was N325,200.00, with net return per
Naira investment of 1.07 with gross ratio (57.55%) and operating ratio (38.18%) with
the solvency ratio (0.19). Multiple regression showed the coefficients of age of
business (290719.30), amount of credit used (294991.00), value of asset (-6181.583),
price of mature grasscutter (152750.90), number of competitors (-31148.8) and other
cost (-83775.27) influenced profit of grasscutter enterprise in south east Nigeria. The
study therefore recommended that government should ensure that farm inputs such
as feeds/salt, drugs/vaccines, forage and credit are made available to the enterprises
at a subsidized rate, to increase profitability of grasscutter farming business.

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How to Cite
Uka, U. U., Mbanasor, J. A. ., Nto, P. O., & Aigbokie, S. O. (2021). Determinants of Profitability of Grasscutter Farming in South East Nigeria. JCCR | Journal of Community & Communication Research, 6(1), 69-75. Retrieved from https://jccr.sccdr.org.ng/index.php/jccr/article/view/110
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