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Financial Analysis of Radish Production in Some Selected Areas of Bangladesh

Rafiqul Islam
Senior Scientific Officer
Agricultural Economics Division, BARI, Joydebpur, Gazipur

Sahadat Hossain
Chief Scientific Officer
Agricultural Economics Division, BARI, Joydebpur, Gazipur

Abstract/ Executive Summary:

The study was proposed to gain an in-depth understanding the financial analysis of radish growers of the four selected areas. 150 samples were randomly selected from Bogra, Chittagong, Jessore and Norsingdi areas. The main objective of the study was to determine the factors which inclined the farmers to cultivate radish as major crop. Tabular, graphical and statistical methods were applied to analyze the results. Multiple regression model was used to determine the factors of productivity. Most of the farmers were educated at primary and secondary level. Agriculture was the main sources of income for the respondents. Family size of the respondent was higher than that of national average. Average age of the respondents was 44 years. Farmers of the Chittagong areas cultivated HYV of radish while the farmers of the others areas cultivated local varieties of radish. The farmers were more dependent on SAAO than BARI support. The Chittagong farmers incurred higher amount of cost than that of other areas. Norsingdi farmers got higher yield than that of other areas. Due to market price, Chittagong farmers got higher income through radish cultivation. Human labour was the major cost item in every area. Is it more than 60 percent in Chittagong area and more than 40 percent in other areas. Fertilizers were the next costly input to farmers. Though, the farmers used lower quantity of fertilizer than recommended dose. The farmers used higher quantity of human labour to the production chain of radish. Higher price of radish had a chance to get higher income. Quality seeds and technology can reduced the cultivation cost of radish. The farmers faced insect and disease problem in cultivating radish like stem, rot, leaf spot, hollow heart disease etc. Radish cultivation was profitable and it can be increased through boosting up productivity.

Keywords: Financial analysis, Radish, Cost and Return

Location: Bogra, Chittagong, Jessore and Norsingdi

Start Date: 00-11-2013

End Date: 00-03-2014

Program Area: Socio-economic and Policy

Commodity: Radish

Objectives:

.1) To explore the costs and returns of radish production;

2.) To identify the factors which are influenced radish production

3) To determine the hindrance of radish production

Methodology:

The study areas were selected on the basis of concentration for radish cultivation. So Bogra, Chittagong, Jessore and Norsingdi were selected as study areas. A total 150 radish growers were selected randomly by taking 38 from each Bogra, Jessore, Norsingdi and 36 from Chittagong districts. The primary data were collected from November 2013 to March 2014. Necessary data were verified and processed later on. Initially, primary data were used for the study. Required data were gathered through field survey. Direct interview method with personal presence to each respected farmer for collecting data and other related information were collected. The structured interview schedule contains the information on farmers identity, household members, landholdings, agricultural production and income etc. In addition to the farmers level data, some socioeconomic information was also collected from the farmers. Collected data were checked, edited, summarized, tabulated and analyzed to fulfill the objectives of the study. Tabular method of analysis using different statistical tools like average, percentage and ratios were used to present the results of the study. The factors influenced to radish cultivation were examined by the multiple regression model. The hindrance or severity of problems to radish cultivation was examined by mean and standard deviation.

Source of Information: Annual Research report, 2013-2014, Agricultural Economics Division, BARI, Joydebpur, Gazipur

Article Link (Online Journal):

Funding Source:

1.

Budget:

Total Budget (Tk.) :

Achievement/Findings:

It can be concluded that radish cultivation is profitable. It can earn higher net return for farmers. It obtained higher return over the investment GM, NR, BCR showed the positive and higher profitable crop. The more important contributors in radish production were labour fertilizers and land preparation by power tiller or tractor. The farmers were obtained lower yield than that of recommended yield 70 tonnes per hectare. Thus appropriate amount of seed, fertilizer, labour and market price could increase radish production. The farmers should be provided modern cultivation technology. High quality seed should be available in the study areas. The farmers will able to reduce seed cost. Because the farmers were using three times higher doses of seed than that of recommended dose.

Knowledge Management: Report/Proceedings