Economic Analysis of Cost of Production and Return of Groundnut in Jamnagar District of Gujarat, India

Abstract

In the years 2021–2022, researchers conducted the current study, which is named "An Economic Analysis of Production and Marketing of Groundnut in Jamnagar District of Gujarat. “The study chose 90 participants from among those 6 using a multistage sampling and random sampling technique a few villages. A well-structured questionnaire was used to collect the study's data.This study showed that the cost of production per hectare, gross income, net income from farm investments, cost of production, and input to output ratio of groundnut were calculated altogether. The findings showed that marginal, small, and semi-medium farms paid, respectively, Rs. 67984.59/ha, Rs. 66206.25/ha, and Rs. 64579.85/ha in costs. Marginal, small, and semi-medium farms received gross returns per hectare of (Rs. 103785/ha), (Rs. 111000/ha), and (Rs. 119325/ha), respectively. Marginal, small, and semi-medium farms reported net returns per hectare of 35800.41, 44793.75, and 54747.15 rupees, respectively. The ratio of marginal (1:1.53), small (1:1.68), and medium (1:1.85) input to output per hectare, respectively. For marginal, small, and semi-medium businesses, the cost of production per quintal was, respectively, Rs. 3635.54, Rs. 44793.75, and Rs. 54745.15.