Economics of production and Resource use efficiency of soybean production in India

Abstract

Soybean is one of the most important oilseed crops in Madhya Pradesh where it is grown 5.56 million ha area with the annual production of 6.67 million tones. It cultivation is pre dominantly done in Mandsaur district. The study finds that the total cost increased with the increase in the farm size. All costs increased with increase in farm size. The net income, family labour income, farm business income and farm investment income is increases with increase in farm size. Output input ratio indicates that which indicates that the return to every rupee of investment in soybean cultivation increased with increase in farm size. Manure, chemical fertilizer and machine works have significantly influenced the production of soybean in the study area. The agencies working in this area should plan their future course of action regarding soybean cultivation technology for enhanced production