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Economic Returns to Investment on Br11 Variety of Rice in T. Aman Season

Pradip Kumar Dey
Senior Scientific Officer
Senior Scientific Officer Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, Bangladesh.

B. A. A. Mustafi
Chief Scientific Officer
Chief Scientific Officer, Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, Bangladesh.

Abstract/ Executive Summary:

An Ex-post rate of return analysis for estimating the returns of BR11 variety of rice in T. Aman season has been conducted using Akino and Hayami model (1975) and Masters model (1996). Using the Akino and Hayami model it was found that the IRR to the total investment in BR11 rice variety research and extension was calculated at 85%. The increased production from BR11 saved foreign exchange of Tk. 109.83 billion, which is 86% of the total foreign exchange savings from HYV T. Aman rice. Under various assumptions of shift multiplier and expenditure, the magnitude of the IRR varies from 64 to 122%. Following the Masters model the magnitude of IRR was 102%. Under various assumptions of the proportional shift multiplier and expenditure, the magnitude of IRR varies between 79% to 126%. Therefore, the variety BR11 has proved to be as an outstanding contributing variety for increasing rice production in Bangladesh.

Keywords: Quantify,Estimate, Economic returns,Invesmen,BR11

Location: Bangladesh

Start Date:

End Date:

Program Area: Socio-economic and Policy

Commodity: Rice

Objectives:

(i). To quantify the returns from BR11 variety in T. Aman

(ii). To estimate the foreign exchange savings from decreased rice imports due to increased production by BR11

(iii). To provide information to the policy makers, development partners, research managers and others of the contribution of BR 11 variety.

Methodology:

Two models have been applied in this analysis. One is Akino and Hayami model (1975) and the other is Masters model (1996). An ex-post economic surplus approach by using small open economy model has been applied in this analysis. There are two parts for obtaining the rate of returns to research and extension expenditure. First, each yearly benefit in monetary term from the adoption of BR11 has been estimated. Secondly, this yearly benefit was related, calculating internal rate of return, to the yearly costs of research and extension.

Source of Information: Bangladesh J. Agric. Econs. XXIV, 1& 2(2001) 57-74

Article Link (Online Journal):

Funding Source:

Total Budget (Tk.) :

Achievement/Findings:

Using the Akino and Hayami model it was found that the IRR to the total investment in BR11 rice variety research and extension was calculated at 85%. The increased production from BR11 saved foreign exchange of Tk. 109.83 billion, which is 86% of the total foreign exchange savings from HYV T. Aman rice. Under various assumptions of shift multiplier and expenditure, the magnitude of the IRR varies from 64 to 122%. Following the Masters model the magnitude of IRR was 102%. Under various assumptions of the proportional shift multiplier and expenditure, the magnitude of IRR varies between 79% to 126%. Therefore, the variety BR11 has proved to be as an outstanding contributing variety for increasing rice production in Bangladesh.

Knowledge Management: Journal