Estimation of Cost and Returns of Onion Cultivation in Haryana
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Author: Nitin Goyal and S.K. Goyal
Author Address: Mittal School of Business, Lovely Professional University, Phagwara-144 411 (Punjab) and Department of Business Management, CCS Haryana Agricultural University, Hisar-125 004 (Haryana)
Keywords: Benefit-cost ratio, gross returns, net returns, total cost.
JEL Codes: A12, C13, C83, D24, O13.
Abstract
The present study adopted purposive sampling to sample 200 respondents from the Mewat and Ambala districts of Haryana during 2019-20 to estimate the cost and returns in the cultivation of onions in Haryana. The data were analysed using average, percentage, t-test, and ANOVA. The study revealed that the working capital, average variable cost and total cost, gross return and net return were highest in the case of large-sized, followed by medium and small farmers in both districts. Large-sized farmers recorded the highest benefit-cost ratio. Further, a reverse pattern was observed in the cost of production of onion; that is, the highest cost of production was observed in the case of the small farmers, followed by medium and large farmers. The study suggested that small farmers should avail the latest technology through cooperatives or through custom hiring, which will reduce the cost and bring more returns.
Description
Indian J Econ Dev, 2023, 19(3), 534-541
https://doi.org/10.35716/IJED-22280