L.B.HugarAnkita.Jaiswal2016-11-022016-11-022009http://krishikosh.egranth.ac.in/handle/1/83384Soybean is known as the “golden bean”, “miracle crop” etc., because of its several uses. The present utilization pattern of soybean in India indicated that 85 per cent used for oil extraction, 10 per cent for seed and only 5 per cent for food and feed. Therefore, processing is an important function of soybean. In recent years jowar and maize in rainfed areas have been competing with soybean in Madhya Pradesh. In the present study effort is made to study profitability of soybean vis-à-vis its competing crops in addition to value addition. The study indicated that net returns in soybean over jowar (868.72%) and maize (121.67%) were significantly higher. Similarly, benefit cost ratio over Cost C was higher in case of soybean (1.29) than that of maize (1.16) and jowar (1.05) which clearly indicated that soybean cultivation was more profitable than any of competing crops. For every rupee investment in soymilk and tofu processing, Rs. 1.42 was obtained as returns, indicating its profitability. Benefit cost ratio was more than unity (1.18) showing profitability of converting soybean into soyflour. In this regard, there is need to understand the profitability of soybean as whole pulse as well as processed soy products. Therefore, in the present study, an attempt is made to find out the economics of soybean production and its value addition in Madhya Pradesh state. An assessment of profitability of processing of soybean into different value added products clearly indicated that the processing units involved in processing soymilk and tofu together were more profitable than those involved in processing of soybean into soyflour only. Since the value addition is profitable over raw soybean, farmers may be motivated to take up value addition to soybean. Further, small scale entrepreneurs may be encouraged to establish the above enterprises for widening the soybean industry.Agricultural EconomicsThesis