Global Journal of Biology, Agriculture & Health Sciences

Abstract

Analysis of poultry farmer’s willingness-to-Accept Compensation measure for risk averse mechanisms in Ikwerre localGovernment Area of Rivers State, Nigeria

Unaeze HC , Akinola LAF

This study investigated the willingness-to-accept Compensation measures for risk averse mechanisms employed by poultry farmer’s in Ikwerre local Government Area of Rivers State. A total of eighty respondents were randomly selected from seven rural communities in the study area. Data were collected using a structured questionnaire and personal interview. Descriptive statistics and contingent valuation method (CVM) i.e. willingness-to-accept model were used in the assessment. The result revealed thatmajority (37.5%) of the respondents fall between the age range of 41-50 years, and the major idiosyncratic andcovariate risksfaced by the respondents are high cost of inputs (13%) andClimate changerisk (12.2%).Majority (56.3%)agreed to accept above one hundred thousand naira (N100, 000.00) as compensationary measuresto avert risk in their farm business. It was also discovered thatgreater part of the farmers (35%) employed good vaccine administration/rearing of resistant breeds as best risk averts mechanisms. Therefore government, and non-governmental organizations, policy makers, industrialist and so on should assistspoultry farmers to avert riskin their poultry business in the study area.

Published Date: 2016-10-03;