• Tidak ada hasil yang ditemukan

PROFITABILITY OF FARMERS OF THE

N/A
N/A
Nguyễn Gia Hào

Academic year: 2023

Membagikan "PROFITABILITY OF FARMERS OF THE "

Copied!
121
0
0

Teks penuh

Finally, my deepest appreciation to my family members and friends who supported me till the end of this project. So, the main aim of this project is to build a framework to show how different diet systems affect growth performance (body weight) and profitability of organic chicken farmers in Malaysia so that they can earn more money.

RESEARCH OVERVIEW

  • Introduction
  • Research Background
  • Current Situation of Study
  • Problem Statements
    • Knowledge Gap
  • Research Objectives
    • General Objective
    • Specific Objectives
    • Research Questions
  • Significant of Study
    • Theory Significant of Study
    • Practical Significant of Study
  • Chapter Layout
  • Conclusion

To assess the relationship between chicken age and total body weight gain in halal and organic chicken production. What is the relationship between chick age and total body weight gain in halal and organic chickens?

Figure 1.1 Numbers of Animal Slaughtered for Meat in Worldwide.
Figure 1.1 Numbers of Animal Slaughtered for Meat in Worldwide.

LITERATURE REVIEW

Introduction

Reviews of Relevant Theoretical Models

  • Theory of Cost-benefits Analysis
  • Theory of Profitability
  • Theory of Growth Performance
  • Relationship Between Age and Growth Performance …

Cost-benefit analysis (Table 2.1) is a method used to compare the costs and benefits of government policies or actions from the perspective of society as a whole. It is for this reason that economists often use the term "social cost-benefit analysis", although the acronym cost-benefit analysis is now more commonly used. Non-economists usually do not understand the comprehensive nature of cost-benefit analysis and try to supplement it with further environmental or social perspectives.

However, a fundamental problem with cost-benefit analysis is that it aggregates utilities measured by individuals' willingness to pay (Haveman & Weimer, 2001). To determine the profit or loss for the farmers, it was based on an accounting or economic cost-benefit analysis of the farmer's profitability based on the different diets on chicken farming for at least two production cycles. Therefore, the profitability will be calculated based on the cost-benefit analysis for at least two production cycles (after 3-4 months each time).

However, the cost-benefit analysis typically does not consider major financial concerns such as inflation, interest rates, fluctuating cash flows, and the present value of money.

Table 2.1 Formula and Decision Rules of Cost Benefit Ratio.
Table 2.1 Formula and Decision Rules of Cost Benefit Ratio.

Empirical Reviews of the Study

  • Growth Performance
  • Age
  • Treatment 1: Normal Feed
  • Treatment 2: Normal Feed + SK Gold
  • Treatment 3: Normal Feed + CPKO
  • Treatment 4: Normal Feed + PERFAT Pfi-7 …

2014) they conducted a study on the effect of organic production on the growth of broilers. In their research, they used one-way analysis of variance (ANOVA) and descriptive analysis tools that used Duncan's multiple range test. SK Gold is a specially formulated supplement which is designed to improve the overall health of the animal thereby allowing for better growth and survival.

One of the most important carotenoids is beta-carotene (BC), which is the main source of vitamin A in poultry feed. The results show that the poultry's desirable skin color is achieved by feed supplementation of synthetic or natural carotenoids. POME can be used as a feed ingredient for laying hens, and the recommended optimum addition amount is 10 percent of the total feed.

Organic acids are acidifying nutrients that can be used in poultry feed to avoid or suppress unwanted bacterial populations, thereby naturally improving bird health and productivity.

Summary of Empirical Review

The desired skin color of the poultry is obtained by the feed supplement of synthetic or. Organic acids not only improved weight gain also lead to increased feed consumption and improved.

Conclusion

METHODOLOGY …

Introduction

Conceptual Framework

  • Model Specification

Hypothesis Development

H06: There is no significant relationship between profitability and total weight gain associated with 4 different chicken feeding systems of organic chicken farmers in Malaysia. HA6: There is a significant relationship between profitability and total weight gain associated with 4 different chicken feeding systems of organic chicken farmers in Malaysia.

Data Estimation Method

  • Data Collection
  • Sources of the Data

The agricultural experiment research will be conducted in an organic chicken farm in Sungai Lalang, Semenyih. Secondary data is data collected through primary sources that researchers can easily use for their own research. Researchers may have collected data for a particular task at the time, made it available to be used by other researchers.

Secondary data classified as a particular study can be said to be primary data for other studies. This is the situation when data is reused, making it primary information for the first study and secondary information for the second study. With the advent of electronic media and the Internet, secondary data sources can be more easily accessed.

Research Method

  • Descriptive Analysis
  • Correlation Analysis
  • Unit Root Test
  • Vector Autoregression Model (VAR)

Furthermore, there is a positive correlation between two variables when an increase in one variable causes an increase in the other variable. On the other hand, a negative correlation means that when one variable increases, the other variable decreases and vice versa. First, a positive correlation between two variables means that both variables move in the same direction.

An increase in one variable causes an increase in the other variable and vice versa. To determine the stochasticity of the model, we use statistical hypothesis testing, also known as the unit root process. The key is listed in the title for Augmented Dickey Fuller and deals with Augmented Data.

When VAR is used, the value of a variable is expressed as a linear function of its lagged values ​​as well as all other variables in the model (Engle & Granger, 1987).

Table 3.1 Strength of “r” Relationship.
Table 3.1 Strength of “r” Relationship.

Residual Diagnosis

  • Normality
  • Heteroskedasticity
  • Multicollinearity

When analyzing regression results, it is important to ensure that the residual has a constant variance. Multicollinearities occur when there are high intercorrelations between two or more independent variables in a single multiple regression. Usually, multicollinearity results in wider confidence intervals and thus a lower probability of reliability for the effects of independent variables in the model.

When building multiple regression models that use two or more variables, it is best to use uncorrelated or repeated independent variables. The presence of multicollinearity in the data set can lead to less reliable results due to large standard errors. In the multiple regression model, multicollinearity indicates that collinear independent variables are related in some way, regardless of whether the relationship is random or not.

It can also occur if the independent variable is calculated using data from other variables in the data set, or if two independent variables produce similar and consistent findings.

Figure 3.2 Normal Distribution Graph.
Figure 3.2 Normal Distribution Graph.

Model Evaluation

  • Root Mean Square Error (RMSE)
  • Mean Absolute Error (MAE)
  • Mean Absolute Percentage Error (MAPE)
  • U-Theil Statistics

The mean absolute error (MAE) (Figure 3.6) is a statistic that assesses the average magnitude of errors in a group of forecasts without regard to their direction. Expressed in words, the MAE is the average of the absolute values ​​of the differences between the prediction and the relevant observation over the verification sample. The MAE is a linear score, implying that in the average, all individual differences are weighted equally.

The mean absolute percentage error (MAPE) (Figure 3.7) is the average or mean of all expected absolute percentage errors. Error is defined as the difference between the actual or observed value and the projected value. The problem of positive and negative errors canceling each other is also avoided when absolute percent errors are used.

The model is better if the result is close to 0, because a model close to 0 is a fit model.

Figure 3.7 Mean Absolute Percent Error formula.
Figure 3.7 Mean Absolute Percent Error formula.

Data Analysis Procedure

Total weight gain of the chicken will be the dependent variables while 4 different feeding systems, profitability of the farmers and the age will be the independent variables. The data of both dependent variable and independent variables will be collected by Bintang Maju Agri Full Nature Fresh Sdn Bhd. Finally, through diagnostic checking, calculate data to see if there is any error in the empirical model.

After ensuring that the model has no problem, then use E-views 12 to perform descriptive analysis, correlation coefficient, multiple linear regression, unit root test, VAR, granger causality, residual diagnosis and model evaluation to get the empirical results. So that the test can be run and R-squared and Adjusted R-squared can be obtained. Then it interprets the significances of the exogenous variables and the whole model, as well as R-squared and adjusted R-squared.

Conclusion will be made after the discussion and suggestions will be given at the end of the study.

Figure 3.10  Data Estimation Procedure of Total Weight Gain, Age with the  Different Chicken Feed Systems and Profitability of Farmers of the Organically
Figure 3.10 Data Estimation Procedure of Total Weight Gain, Age with the Different Chicken Feed Systems and Profitability of Farmers of the Organically

Conclusion

DATA ANALYSIS

  • Introduction
  • Descriptive Analysis
  • Correlation Analysis
  • Unit Root Test
  • Vector Autoregression Analysis (VAR)
  • Cost-Benefits Analysis
  • Total Weight Gain of 4 Treatments
  • Hypothesis Testing
  • Residual Diagnosis
  • Model Evaluation
  • Conclusion

The evaluation shows that the explanatory variables, namely treatment 1 (T1) and body weight lag were the significant explanatory variables with statistical significance at the α 0.05 level. The evaluation shows that the explanatory variables, namely treatment 2 (T2) and body weight lag were the significant explanatory variables with statistical significance at the α 0.05 level. The evaluation shows that the explanatory variables, namely treatment 3 (T3) and body weight lag were the significant explanatory variables with statistical significance at the α 0.05 level.

Estimation shows that the explanatory variables, namely the treatment 4 (T4) and lag of the Body Weight were the important explanatory variables with statistical significance at the α 0.05 level. Based on Table 4.6, in the Ln body weight and age model, the residual is normally distributed as the p-value is greater than α-level 0.05. Based on Table 4.7, in the Ln body weight and treatment 1 model, the residual is normally distributed as the p-value is greater than α-level 0.05.

Furthermore, based on table 4.9, in the Ln body weight and treatment 3 model, the residual is normally distributed since the p-value is greater than α level 0.05.

Table 4.2 Correlation Analysis for Body Weight, Age and Different Diet Systems  of Chicken Meat Production
Table 4.2 Correlation Analysis for Body Weight, Age and Different Diet Systems of Chicken Meat Production

DISCUSSION, CONCLUSION, AND IMPLICATIONS…

  • Introduction
  • Summary of Statistical Analysis
  • Discussion of Major Findings
  • Implication of the Study
    • Implication of Study in Theoretically
    • Implication of Study in Practically
  • Limitation of Study
  • Recommendation for Future Research
  • Conclusion

When the independent variables increase by one unit, the body weight of the chicken will also increase, holding other variables constant. In addition, for treatment 2, the HA2: there is a significant relationship between chicken feed system treatment 2 and total weight gain of the organic farm chicken production is supported by JF Nutritech (2021). Furthermore, for treatment 3, HA3: there is significant relationship between chicken feed systems treatment 3 and total weight gain of the organic chicken production is also supported by Usman Zamani et al.

Furthermore, for treatment 4, HA4: there is a significant relationship between chicken feed systems treatment 4 and total weight gain of organic chicken production is supported by Archana et al. There is a significant relationship between chicken age and total weight gain of organic chicken production on the farm in Malaysia, supported by Murawska (2017). This research studied the total weight gain of different broiler feeding systems of organically grown broilers in Malaysia.

As age increases and sustainable feed is given, the body weight of the chicken will increase.

Gambar

Figure 1.1 Numbers of Animal Slaughtered for Meat in Worldwide.
Figure 1.2 Number of Chicken at the Chicken Boiler Industry in Worldwide.
Figure 1.3 Chicken Meat Production in Worldwide.
Figure 1.4 Chicken Meat Production in Malaysia.
+7

Referensi

Dokumen terkait

20 The 1 st International Seminar on Animal Industry 2009 | Faculty of Animal Science, Bogor Agricultural University Broiler Chicken Welfare: What Do They Want and What Do We

As broiler industry has the highest value in Thailand, the market share are consisting of Charoen Pokkapan (CP) 29%, Sunvalley Ltd. Domestic consumption of chicken meat is 0.99

IX List of figures Figure 1.1 Overview of the general routine of the finite element simulation Figure 1.2 Research motivation Figure 1.3 Research scope Figure 2.1 Illustration of

Functional and Sensorial Properties of Chicken Sausage Supplemented with Banana Peel Flours of Different Varieties ABSTRACT Meat products are widely consumed worldwide and, as a

©Daffodil International University ix LIST OF FIGURES FIGURES PAGE NO Figure 3.2.1: Praying Activities 13 Figure 3.2.2: Praying Activities Ratio 14 Figure 3.2.3: After

©Daffodil International University ix LIST OF FIGURES FIGURES PAGE NO Figure 3.1: Transport Management System business model 08 Figure 3.2: Use case diagram for the system 10

©Daffodil International University ix LIST OF FIGURES FIGURES PAGE NO Figure 1.1: Screenshot of frontend layout of Sekhao platform 02 Figure 1.2: Screenshot of backend layout of

The document covers various topics related to poultry farming, including broiler chicken breeding, moisture content determination, and the chemical composition of chicken