Abstract: Honey production has been advocated as a major contributor for livelihood improvement and poverty reduction for rural people. Producers of honey in the study area earned a net income of ₦4,183.72 per litre of honey produced, implying that the honey producers made good returns on investment. Honey production recorded a profitability index of 0.72 implying that honey producers earn 72 kobo profit from every ₦1 (naira) of sales. The enterprise shows positive returns on investment, largely driven by the quantity of honey produced and sold. However, producers’ profitability is positively and significantly influenced by quantity of honey produced, selling price, education and experience, while marketers’ profitability is positively and significantly influenced by quantity of honey sold, price sold, education and experience. Despite the favorable economic outlook, the honey value chain in the study area is constrained by lack of training in the production of bee value-added products, poor road network and high cost of transportation. Based on the findings from this study, the following recommendations are suggested: government and development agencies should promote the adoption of improved beekeeping technologies such as modern hives, as this will increase productivity, improve quality, and reduce post-harvest losses.
Keywords: profitability, honey production, beekeeping, return on investment, regression analysis, budgetary analysis
ICCAES PUBLICATION MODEL.Odok 25
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