Dynamics of Cost and Return of Principal Crops in Madhya Pradesh
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Date
2013
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JNKVV
Abstract
ABSTRACT
The present study entitled “Dynamics of cost and return of principal crops in Madhya Pradesh” was undertaken with a view to examine the behavior of input use, costs and returns overtime and relation between level of production, cost of production, net income and support price along with status of production of principal crops in Madhya Pradesh. The study is confined to Madhya Pradesh as a whole based on secondary data viz. area, production, yield, cost incurred on major inputs, cost of cultivation and cost of production at cost A2 and C3, yield and gross income from principal crops namely paddy, wheat, gram, soybean and cotton covering a period of one decade ending 2009-10. Absolute and relative change, trend and growth rates, coefficient of variation and multiple correlation etc. techniques were used to analyse the collected data.
The highlight of the study revealed that among the selected crops only acreage of paddy exhibit declining trend but its production increased due to augment in yield level. Maximum production increase in relative terms was observed in cotton (15%) followed by soybean (80.47%), wheat (42%), gram (37%) and least in paddy (17%). Production growth rate per annum ranged between 1.88% in paddy to 13.94% in cotton during the period under reference. Positive trend was noticed for all major inputs barring bullock labour in paddy, wheat, gram and manures in gram and wheat crops. Highest per annum growth rate during the reference period was found in cotton (28.34%) against lowest of 0.56% for manures in paddy production. Behaviour of cost of cultivation and cost of production both at cost A2 and C3 of selected crops were accelerated except cost of production of cotton which decline remarkably due to many folds increase in yield. Similar trend and growth rate behavior were found in yield and gross income. Cost of production of gram and wheat decline due to increase in the yield level revealed by inverse and significant relation between these variables. As expectation yield and net income obtained from selected crops revealed positive association similar results were also found between yield and minimum support price although non-significant among crops. Thus, government should establish market intelligence cell in each Agricultural universities which conduct studies related to market research and cost-price relationship of agricultural commodities.