Open AccessEconomic analysis of mint cultivation in Madhepura district of Bihar
Author(s) -
Ram Suresh Sharma,
Sanjay Kumar,
Deepak Kumar,
Ram Srivastava
Publication year - 2020
Publication title -
international research journal of agricultural economics and statistics
Language(s) - English
Resource type - Journals
eISSN - 2231-6434
pISSN - 2229-7278
DOI - 10.15740/has/irjaes/11.2/127-131
Subject(s) - agricultural science , agriculture , sucker , crop , benefit–cost ratio , mathematics , total cost , production (economics) , net income , crop production , toxicology , business , agricultural economics , internal rate of return , economics , agronomy , environmental science , biology , macroeconomics , accounting , finance , anatomy , ecology
The present study of mint variety-CIM-Karnti demonstrated for cultivation of Madhepura district of Bihar. Mint is an essential oil bearing plant. Oil and its derivatives are extensively used in food, pharmaceutical, perfumery and flavouring industry. During the study period, 55 farmers of mint cultivation have been demonstrated on the farmer’s field of five villages under Madhepura district of Bihar during 2018-19. The primary data were collected from the selected farmer’s field. Simple analytical tools and technique has been used for data analysis and for carried out the cost of cultivation according different cost concepts. The multiple linear production function was used to evaluate the resource use efficiency in the production of mint. It was observed that medium level adoption of mint cultivation has been found higher followed by high and low level adoption. The total cost of cultivation and gross return has been found Rs. 52,804 /- and Rs. 1, 59,268/- ha-1, respectively. The net return on cost A1, C, Rs. 1,06,464/- and Rs. 90,640/-ha-1. The benefit cost ratio has been observed 2.02 and 1.32 at cost A1 and Cost C, respectively. The independent variables like sucker and nursery raising, manures and fertilizers and distillation charges were positive indicating significant impact on the returns from mint crop in the study area. Thus, profitable returns through cultivation of mint may attract large number of farmers to cultivate this crop to enhance their income and employment in the study area with integrated farming traditional crops.