Analysis of the profitability of fish farming in Kaberamaido district.

Abstract

This study was conducted in Kalaki.County, Kaberamaido district. Multistage random sampling technique was used to select 60 respondents. Data were collected from fish fanners using. semi structured questionnaire and interview sessions. Data were analysed using descriptive statistics, gross margin analysis (GMA) and Ordinary Least Square (OLS) multiple regression model, the results show that the mean age in years, household size and fish fanning experience were 42.2, 7.1 and 7.7 respectively. The-main species cultured was Tilapia (63'.3%) mainly under Intensive production level (70.0%) Fish farmers preferred monoculture (80.7%) to polyculture. All the fanners used earthen ponds of mainly 10 meters by 20. meters. (65%), a majority 41."7%. owned only one fish pond Based on culturing period (production of table size), more than half of the respondents (55%) cultured their fish for a period of seven months. Annual gross margin and net return from fish production was ushs 1,116102 and Ushs 291,610 respectively. The net return on investment was 0.35. The price of catfish fingerlings; total cost of feeds, selling. price for catfish, cost of labour and equipment were significant factors affecting the-gross margins at 1%, 5% and 10% confidence levels; Based on the findings of the study it can be concluded' that fish production is. profitable as evidenced by the positive net returns on investment and; gross margins across the sampled farms in the district. Effort should be. made by the. government to. take the fish fanners through various aspects of business management relating to fish farming, farmers should be trained on how to formulate the-fish feeds to cut down the feeding.' cost, fish farmers. Should be trained on how to maintain records of their activities •.and opening up of more hatcheries to make fingerlings easily available should be done.