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Govind Ballabh Pant University of Agriculture and Technology, Pantnagar

After independence, development of the rural sector was considered the primary concern of the Government of India. In 1949, with the appointment of the Radhakrishnan University Education Commission, imparting of agricultural education through the setting up of rural universities became the focal point. Later, in 1954 an Indo-American team led by Dr. K.R. Damle, the Vice-President of ICAR, was constituted that arrived at the idea of establishing a Rural University on the land-grant pattern of USA. As a consequence a contract between the Government of India, the Technical Cooperation Mission and some land-grant universities of USA, was signed to promote agricultural education in the country. The US universities included the universities of Tennessee, the Ohio State University, the Kansas State University, The University of Illinois, the Pennsylvania State University and the University of Missouri. The task of assisting Uttar Pradesh in establishing an agricultural university was assigned to the University of Illinois which signed a contract in 1959 to establish an agricultural University in the State. Dean, H.W. Hannah, of the University of Illinois prepared a blueprint for a Rural University to be set up at the Tarai State Farm in the district Nainital, UP. In the initial stage the University of Illinois also offered the services of its scientists and teachers. Thus, in 1960, the first agricultural university of India, UP Agricultural University, came into being by an Act of legislation, UP Act XI-V of 1958. The Act was later amended under UP Universities Re-enactment and Amendment Act 1972 and the University was rechristened as Govind Ballabh Pant University of Agriculture and Technology keeping in view the contributions of Pt. Govind Ballabh Pant, the then Chief Minister of UP. The University was dedicated to the Nation by the first Prime Minister of India Pt Jawaharlal Nehru on 17 November 1960. The G.B. Pant University is a symbol of successful partnership between India and the United States. The establishment of this university brought about a revolution in agricultural education, research and extension. It paved the way for setting up of 31 other agricultural universities in the country.

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Subject: Agricultural Economics × Author: Kuila, Mousomi × Start date: 2022 × Type: Thesis × Thesis Type: M.Sc ×
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    ThesisItemOpen Access
    A study on price behaviour, price forecasting and market co-integration of cotton after technology mission on cotton in India
    (G.B. Pant University of Agriculture and Technology, Pantnagar, District Udham Singh Nagar, Uttarakhand. PIN - 263145, 2022-08) Kuila, Mousomi; Singh, Virendra
    Cotton is India’s the most important fibre and cash crop and popularly known as the “king of fibre”. Wide variations in cotton production, productivity and area under cultivation are seen over time due to host of biophysical factors. Due to seasonality and unevenness in supply, variations in prices and arrivals of cotton are observed not only from year to year, month to month, season to season, but also across markets, even during the same marketing period. In the absence of timely and accurate forecasted information the cotton producer, traders, agro-industries fail to plan buying and selling of produce, plan crop allocation for the coming season. In view of above, present research entitled “A study on price behaviour, price forecasting and market co-integration of cotton after Technology Mission on Cotton in India” was conducted with objectives, to examine performance of area, production and productivity of cotton before and after technology mission on cotton; to analyse the price behaviour of cotton in major markets of India; to analyse the price integration of cotton in major markets; to forecast the price of cotton for two years i.e. 2021 to 2023 for major cotton markets. The study was based on secondary information of area, production and productivity of cotton in major cotton producing states of India for the period from 2000 to 2020 collected from indiastat.com, Statistics – Cotton Cooperation of India and data related to monthly cotton prices and market arrivals in the selected markets was collected from agmarknet.gov.in. Descriptive and econometrics methods were used to achieve different objectives of the study. The highest increase in area, production and productivity of cotton during I period was in case of Maharashtra, Andhra Pradesh and Karnataka, respectively; during II period the same was the highest in case of Haryana, Gujarat and Madhya Pradesh, respectively, further during III period the same was the highest in case of Karnataka, Gujarat and Rajasthan, respectively. Amongst the eight selected states, Gujarat showed the highest growth rate in area, production and productivity of cotton during II period i.e. by 5.79 per cent, 21.32 per cent and 14.70 per cent, respectively. The highest decrease in markets arrivals was observed during 2010 – 2020 in case of Adilabad market followed by Sirsa and Rajkot markets. The highest increase in cotton arrivals was observed in case of Bijaynagar followed by Vijaypur, and Abohar markets. Seasonal indices of market arrivals of cotton in selected markets were higher during peak season i.e. during harvesting months (August to October) and declined gradually. The indices of price for most of selected markets were lower during peak season i.e. during September and October and were higher during slack months in most of the markets. Correlation co-efficient of prices of cotton between different pairs of selected markets in India was significant at 1 per cent level of significance. In closely situated markets, the integration became stronger as compared to distant markets. All the selected markets were co- integrated in the long run i.e. long run equilibrium relationship existed between selected markets. Sirsa and Khargone were the lead cotton markets of India. Any change in cotton prices in these two markets had an impact on prices of most of the selected cotton markets of India. The estimated error correction coefficient indicated that about 0.3601 per cent, 1.082 per cent and 0.2152 per cent adjustment towards long run equilibrium in Adilabad, Abohar and Bijaynagar market will occur, respectively. The forecast prices varied from year to year following the similar pattern of seasonality as the actual prices. The cotton prices were high from November and to January and low from August to October. Cotton plays an important role in Indian economy, but a sluggish growth in area, production and productivity is cause of concern. Frequent price fluctuations hamper the interest of cotton producers and traders. For sustaining the growth in cotton production in the country a mechanism need to be evolved to provide up-to-date technical guidance to the practicing farmers. To stabilise the cotton prices at national level and improve the status of Indian cotton in global market interventions are required in direction of evolving an efficient market intelligence system to monitor, forecast and transmit the price signals to stakeholders so as to enable them to understand the trends and tendencies of market arrivals and prices and make judicious decision on production and marketing.