Abstract
The paper analysed the profitability and resource use efficiency of boro rice cultivation in Bogra district of Bangladesh using farm level survey data of April-May, 2016. In total 103 farmers were selected randomly from the study area. Result based on Farm Budgeting model showed that per hectare variable cost and total cost of production was BDT (Bangladeshi Taka) 57,583 and BDT 71,208 respectively. Average yield was found 4.112 ton which was more than the previous year’s national average yield of 3.965 ton. The average gross return, gross margin, and net return were BDT 86,548, BDT 28,965 and BDT 15,340 respectively. Benefit-Cost ratio (BCR) was found 1.22 and 1.50 on full cost and variable cost basis. Cobb-Douglas production function analysis showed that the key production factors, that is, human labour, irrigation, insecticide, seed and fertilizer had statistically significant effect on yield. MVP and MFC ratio analysis showed that growers allocated most of their resources in the rational stage of production. Key words: Benefit-Cost ratio (BCR), Cobb-Douglas production function, elasticity and resource use efficiency.
Highlights
Rice is the staple food of the people of Bangladesh
Cobb-Douglas production function analysis showed that the key production factors, that is, human labour, irrigation, insecticide, seed and fertilizer had statistically significant effect on yield
The principal finding of the study is that the boro rice cultivation in Bogra district was a profitable venture
Summary
Rice is the staple food of the people of Bangladesh. About 160 million peoples in Bangladesh depend on rice as main food and about 75.1% of agricultural land use to grow rice of which 42.40 was employed on boro crops (BBS, 2015). Boro is the single most crops in Bangladesh in the context of total volume of production. It has been persistently contributing over last successive years (BBS, 2015). In FY 2014-15, average yield rate was 3.965 metric tons husked rice per hectare and total boro production was 1, 91,92,164 metric tons which was 55.29% of total production of rice (BBS, 2015). HYV boro was found more efficient among all other main rice varieties (Local Aman, HYV Aman and HYV Boro) in Bangladesh (Regmi et al, 2016).
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