A Comparative Analysis of The Profitability of Pig Farming

A Study in Three Selected Chiefdoms in Rural Muyamba District, Sierra Leone

Abstract

Purpose: The main objective of this paper is to examine the profitability of pig farming in some selected chiefdoms in Muyamba District, Sierra Leone.

Method: Data were obtained through a self-administered questionnaire from 150 pig farmers using a stratified sampling technique. Analyses were done using the Benefit-Cost Ratio and ordinary least squares (OLS) estimation technique.

Results: The profitability analysis shows that pig farming is profitable in the three selected chiefdoms in Muyamba (Kori, Fakunya, and Kamajel), with an overall Benefit-Cost Ratio (BCR) of 2.73. This indicates that pig farming is profitable in the Muyamba District, as the BCR is greater than 1. The results also revealed that the Kori Chiefdom is the most profitable, followed by the Fakunya and Kamajel Chiefdoms. Meanwhile, age, gender, years of experience, and access to finance are the key determinants of profitability among pig farmers in Muamba District.

Implication: The study recommends that the government increase access to finance for pig farmers through grants and microfinance programs.