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\hypersetup{pdftitle={Cost"=price Squeeze in Broiler Enterprise in South Eastern Nigeria: the Need for Vertical Integration},pdfauthor={Eddy Atte Enyenihi, Glory Eddy Enyenihi, Etim Okon Effiong, Damian Agom, Inibehe George Ukpong},pdfsubject={Tropentag 2016: Abstract},pdfkeywords={Broiler production, cost-price squeeze, South East Nigeria, Value addition, Vertical integration},pdfpagemode=None,colorlinks=true}
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\parbox[b]{13.4cm}{\centering \large{\textbf{Tropentag, September 18-21, 2016, Vienna, Austria}}\\[1ex] \Large{``Solidarity in a competing world ---\\fair use of resources''\\[2ex]}}
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\Large{\textbf{Cost"=price Squeeze in Broiler Enterprise in South Eastern Nigeria: the Need for Vertical Integration\footnote{\textbf{Contact Address:} Eddy Atte Enyenihi, University of Uyo, Agricultural Economics and Extension, Ikpa Road, 520001~Uyo, Nigeria, \mbox{e-mail}: \email{enyenihieddy@yahoo.com}}\\[0.8ex]}}
\normalsize{\textsc{Eddy Atte Enyenihi$^{1}$, Glory Eddy Enyenihi$^{2}$, Etim Okon Effiong$^{3}$, Damian Agom$^{4}$, Inibehe George Ukpong$^{5}$}}
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\begin{itemize*}
\item[]{\small{\textit{$^{1}$University of Uyo, Agricultural Economics and Extension, Nigeria}}}
\item[]{\small{\textit{$^{2}$University of Uyo, Animal Science, }}}
\item[]{\small{\textit{$^{3}$University of Uyo, Agricultural Economics and Extension, }}}
\item[]{\small{\textit{$^{4}$Akwa Ibom State University, Dept. of Agricultural Economics and Extension, Nigeria}}}
\item[]{\small{\textit{$^{5}$University of Uyo, Agricultural Economics \& Extension, Nigeria}}}
\end{itemize*}
\index[author]{Enyenihi, Eddy Atte}
\index[author]{Enyenihi, Glory Eddy}
\index[author]{Effiong, Etim Okon}
\index[author]{Agom, Damian}
\index[author]{Ukpong, Inibehe George}
\begin{center}
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\textbf{Abstract}
\begin{abstract}
\normalsize{
Profit and returns on investment are recognised as important drivers of investments and sustainable production. This is also applicable to broiler production. Dwindling foreign earnings of Nigeria, due to falling oil prices, that is disrupting imports, calls for increased domestic production of poultry meat to meet with increasing demand and animal protein consumption deficit. Production levels have been static with the industry experiencing a high attrition rate due declining returns. The industry is characterised by a large number of small scale producers that creates a near perfect market competitive structure. Sales are normally done by selling live broilers at designated market locations. This paper explores the existence of cost"=price squeeze and its effect on increased and sustainable production of broiler meat in the South Eastern part of Nigeria. As feed constitute about 70 per cent of cost of production, monthly secondary data of broiler prices from the Akwa Ibom State Agricultural Development Project, complemented with primary data from some long standing feed merchants from January 2000 to December 2011 was used for the study. Agricultural price index (API) and Ordinary Least Squares (OLS) trend estimation procedures were adopted as analytical tools. On the average, cost of broiler feeds increased by \mbox{2\,\%} while broiler meat increased by \mbox{1.3\,\%} per quarter. The index of price received by broiler farmers and index of cost paid out for feeds was consistently below unity indicating the existence of cost"=price squeeze. The result of the estimated regression parameters indicate a greater increase in broiler feed cost relative to broiler meat prices for the study period. The study recommends initiatives that would reduce the cost of poultry feed and/or boost the price of broiler meat, such as vertical integration of input, production and marketing operations, and value addition to live broiler sales to overcome the problem, enhance profit, attract investors and increase production.}

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\noindent \textbf{Keywords:} Broiler production, cost"=price squeeze, South East Nigeria, Value addition, Vertical integration
\index[key]{Broiler production}
\index[key]{Cost"=price squeeze}
\index[key]{South East Nigeria}
\index[key]{Value addition}
\index[key]{Vertical integration}
\end{document}
