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Socio-economic Determinants and Profitability Analysis of BINAmasur-8 Production in Some Selected Areas of Bangladesh

Md. Mohsin Ali Sarkar
Agricultural Economics Division, Bangladesh Institute of Nuclear Agriculture, Mymensingh, Bangladesh

Md. Habibur Rahman
Agricultural Economics Division, Bangladesh Institute of Nuclear Agriculture, Mymensingh, Bangladesh

Mohammad Rashidul Haque
Agricultural Economics Division, Bangladesh Institute of Nuclear Agriculture, Mymensingh, Bangladesh

Syful Islam
Agricultural Economics Division, Bangladesh Institute of Nuclear Agriculture, Mymensingh, Bangladesh

Razia Sultana
Agricultural Economics Division, Bangladesh Institute of Nuclear Agriculture, Mymensingh, Bangladesh

Abstract/ Executive Summary:

The main purpose of this study was to analyze socio-economic determinants and profitability of Binamasur-8 producing farmers in Magura, Faridpur, Pabna and Chapai Nawabganj districts of Bangladesh. This study was based on primary data which were collected from 160 Binamasur-8 producing farmers. In the sampled areas data were collected through pre-designed interview schedule from April-May, 2019. In the study, costs and return analysis were done on both cash cost and full cost basis for estimating profitability. The results showed that most of the farmers in the study area have primary level education (44.53%) and 73.13% of farmers solely engaged in Agriculture. The average gross margin was found Tk. 56563.50/ha on variable cost basis. Gross margin was highest in Pabna (Tk. 64421.00/ha) followed by Magura (Tk. 62740.00/ha), Chapai Nawabganj (Tk. 52616.00/ha) and Faridpur (Tk. 46477.00/ha), respectively. The average net return per hectare was Tk. 38536.25. The net return was highest in Pabna (Tk. 45835.00/ha) followed by Magura (Tk. 43963.00/ha), Chapai Nawabganj (Tk. 34965.00/ha) and Faridpur (Tk. 29382.00/ha), respectively. Benefit cost ratio was estimated at 1.66 and 2.40 on full cost and variable cost basis implying that the Binamasur-8 cultivation at farm level was highly profitable. The farmers in the study areas encountered some constraints to Binamasur-8 production. The first ranked constraint was unavailability of Binamasur-8 seeds in all areas (91%). Other constraints were lack of training (63%), lack of technical know-how (31%), insect infestation is high (28%), Untimely rainfall (22%) and high price of pesticides (9%). Therefore, good quality seeds of lentil should be made available locally to the farmers at a reasonable market price.

Keywords: Lentil, Binamasur-8, Socio-economic determinants, Profitability, Constraints, Bangladesh

Location: Magura, Faridpur, Pabna and Chapai Nawabganj districts of Bangladesh.

Start Date:

End Date:

Program Area: Socio-economic and Policy

Non-commodity: Profit

Objectives:

The present study was undertaken to the following objectives: i) To identify the socio-economic status of Binamasur-8 producers; ii) To estimate the profitability of Binamasur-8; iii) To find the major constraints to Binamasur-8 cultivation.

Methodology:

Selection of the study area, sample size and sampling technique: This study was conducted in the four districts namely Magura, Faridpur, Pabna and Chapai Nawabganj in Bangladesh. A total of 160 Binamasur-8 farmers taking 40 farmers from each districts were randomly selected with the help of Department of Agricultural Extension (DAE) personnel for interview. Field investigators under the direct supervision of the researchers collected field level cross sectional data using pre-tested interview schedule. Method of data collection and period of study: Data for the present study were collected from sample Binamasur-8 farmers through face to face interview method using a pre-tested interview schedule. Field level primary data were collected by the researcher with the help of trained enumerators for the period of April-May, 2019. Analytical techniques: Collected data were edited, summarized, tabulated and analyzed to fulfill the objectives of the study. The data were analyzed with the help of suitable statistical measures as frequencies, percentages, mean and standard deviation. Descriptive statistics were used to analyze and compare the socioeconomic characteristics. The total cost is composed of total variable costs (TVC) and total fixed costs (TFC). TVC includes costs of human labour (both family and hired labour, wherein the cost of family labour is estimated by imputing market wage rate), mechanical power, seed, manure, fertilizers, and pesticides. The gross return (GR) is computed as total lentil output multiplied by the market price of lentil. Profits or gross margin (GM) is defined as GR-TVC, whereas the net return (NR) is defined as GR-TC. Finally, the Benefit Cost Ratio (BCR) is computed as GR/TC (Begum et al., 2019). Following profit equation was in used to assess the profitability of Binamasur-8 production. Π = Pl.Ql – (TVC+TFC) Where, Π = Profit of Binamasur-8 growers per hectare, Pl = Per unit price of Binamasur-8 (Tk/mt), Ql = Quantity of Binamasur-8 (ton/ha), TVC = Total variable cost of Binamasur-8, TFC = Total fixed cost of Binamasur-8.

Source of Information: IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925. Volume 11, Issue 6 Ser. V (Nov. – Dec. 2020), PP 20-27 www.iosrjournals.org

Article Link (Online Journal): DOI: 10.9790/5933-1106052027

Funding Source:

Budget:

Total Budget (Tk.) :

Achievement/Findings:

Binamasur-8 production in the study areas is profitable. The key socio-economic characteristics that affects on profitability are age, education level, occupational status, farming experience and social organizations. The yield performance and economic return of Binamasur-8 production were encouraging to the farmer’s and cultivation of this variety increasing day by day in the study areas. Major constraints faced by Binamasur-8 farmers in the study areas are unavailability of Binamasur-8 varieties seed, lack of training, lack of technical know-how, insect infestation is high, untimely rainfall, high price of pesticides. There is a need of proper guide to farmers about Binamasur-8 production. Farmers training on Binamasur-8 production should be needed and also extension works should be strengthen on Binamasur-8 cultivation. Therefore, Government may provide more subsidies on the production and distribution of these important inputs (seed, fertilizer, pesticides, etc.) and make them available at local markets with reasonable price.

Knowledge Management: Journal