REVIEW EVALUATION OF ANALYSIS OF RISK ATTITUDES AND MANAGEMENT STRATEGIES OF POULTRY FARMERS IN KOGI STATE, NIGERIA

Abstract

Poultry is a collective term for all Avian species, nutritionally and economically useful to man, the avian species classified under poultry include domestic fowl, turkey, duck, guinea fowl, goose and pigeon .Agricultural production decisions are generally made under the environment of risks and uncertainties as yield, product prices, input prices and quantities are usually not known with certainty when investment decisions are being made. This review aimed at evaluation of analysis of risk attitudes and management strategies of poultry farmers in Kogi state, Nigeria. The review reveals that the 3 most important risks in poultry farming were disease out-break, rise in cost of inputs, and change in poultry output prices. The review also revealed that majority (70.1%) of the farmers were risk averse, while 23% are risk takers and6.9% were risk neutral. This implies that the poultry farmers have a risk-averse behaviour. It was observed that the level of adoption of risk management strategy was low.