An economic analysis of soybean cultivation in Hoshangabad district of Madhya Pradesh

Abstract

Among the different soybean growing states Madhya Pradesh is forerunner in the case of soybean production in India. Out of total national area and production of soybean, contribution of Madhya Pradesh was 56.03 and 51.43 percent in 2011–12. The area of soybean increased tremendously in M.P. along with increased productivity but at present, its productivity has reached a plateau because of low adoption of recommended technology and due to several other constraints. The objective of present study was to estimate the cost and return structure and resource use efficiency of soybean cultivation in Madhya Pradesh. The average cost of cultivation was observed `25454.66 on overall farms and it was highest on small farm followed by medium and large farms, respectively. An average per hectare gross return from soybean was observed highest on large farm compared to small and medium farms. The cost of production of soybean was 1397.28 per quintal at overall level. The benefit-cost ratio was lowest in the case of small and highest in the case of large farmers.