Determinants of market price of goats in case of assayita market, afar region, Ethiopia

The main objective of the study is to analyze the determinants of market price of goats in case of Assayita market, Afar region, Ethiopia. Specifically the study attempted: to examine the impact of animal characteristics (like weight, age, sex, and body condition)on market price of goats; and to analyze the effect of market characteristics(like time of the transaction, the purpose of the buyer and seller type) on market price of goats in the study area. For the purpose of this study the primary data were collected through structured observation of animal and market characteristics by researcher. Also the secondary data that used for this study, collected through inspection of reports of some identified federal and regional government institutions and websites. For the observation purpose 320 goats were selected purposely on the bases of their characteristics. For data analysis econometric methods of data analysis were employed to meet the objective of the study through the help of STATA 10 software package. Finding of the study shows that, animal characteristics (weight, age and body conditions), and market characteristic (seller type) had a significant effect for the variation of goat's market price in the study area.