Socioeconomic Factors Influencing Profitability Of Cattle Marketing In Gombe Metropolis Nigeria
Journal: International Journal of Scientific & Technology Research (Vol.2, No. 12)Publication Date: 2013-12-15
Authors : Suleiman Mohammed; Isiaka Mohammed; Ishaku Adamu;
Page : 288-292
Keywords : Key Words socioeconomic factors; profitability; cattle marketing; influencing; Gombe;
Abstract
ABSTRACT The study examined the socioeconomic factors influencing profitability of cattle marketing in Gombe Nigeria. A sample of forty cattle traders was randomly selected in 2010 in the area on which structured interview-schedule method was employed to collect data that were analyzed using descriptive statistics and regression model. Results indicated that respondents age length of experience in cattle marketing and capital level were 41.58 years 14.15 years and N 351895.00 respectively while majority of them 42.00 acquired non-formal type of education. Furthermore the result showed that purchase cost of cattle and duration of keeping the cattle significantly affected profits at 0.001 and 0.05 respectively while 77.7percent of the variations in profit were caused by the included independent variables. The study therefore recommends that for increased profit level traders shall concentrate more on the large size cattle and shall be keeping them longer period for fattening before reselling.
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