2023, Vol. 8, Special Issue 6
Growth rates of cost and returns in summer pearl millet cultivation in north Gujarat
Author(s): Parul M Patel, Jadeja RM, Thakar KP and Soumya C
Abstract: The present study focuses on the general trends and growth rates of cost and returns of summer pearl millet in North Gujarat region for the period from 2010-11 to 2021-22. The study revealed that the nominal cost and returns increased over the study period. During 2010-11, the nominal gross income was ₹37484/ha which was increased by about 2.5 times (₹93013/ha) in 2021-22. The total nominal cost in 2010-11 was ₹32481/ha which was increased almost by double ₹64843/ha in 2021-22. The increase in gross return was more than the increase in nominal total cost. The cost of production during 2010-11 was ₹1151/qtl which was increased to ₹1496/qtl with positive and significant annual growth rate of 3.07 per cent per annum. The farm harvest price of summer pearl millet also increased with high positive growth rate of 5.77 per cent per annum from ₹ 956/qtl to ₹ 2146/qtl over the study period. The growth rate of yield was also found positive and significant of 2.23 per cent per annum. During 2010-11 net return was ₹5066/ha which was increased by 5.5 times (₹28170/ha) during 2021-22 with very high increasing growth rate of 14.83 per cent per annum over the study period. The substantial annual growth in net returns from the cultivation of summer pearl millet, as opposed to growth in total cost over the study period in the North Gujarat region, indicates the promising profitability and economic viability of this crop in the region.
Pages: 1334-1336 | Views: 267 | Downloads: 8Download Full Article: Click HereHow to cite this article:
Parul M Patel, Jadeja RM, Thakar KP, Soumya C. Growth rates of cost and returns in summer pearl millet cultivation in north Gujarat. Int J Stat Appl Math 2023;8(6S):1334-1336.