FACTORS AFFECTING THE FINANCIAL EFFICIENCY OF SUMMER - AUTUMN AND AUTUMN - WINTER RICE CROPS IN SOC TRANG PROVINCE

Abstract

This article aims at presenting the research results on determinants affecting the financial efficiency of Summer-Autumn and Autumn-Winter crops based on the data collected from 167 rice farmers in Soc Trang province. The results showed that three indicators presenting the financial efficiency of Autumn-Winter rice crop were higher than that of Summer-Autumn rice crop. The factors affecting the financial efficiency of Summer-Autumn rice crop included the cost of fertilizer, the cost of pesticides, the cost of harvesting, the cost of hiring labor, the cost of irrigation, the cost of depreciation of machinery and equipment (negative correlation), and cultivated land area (positive correlation). For Autumn-Winter the cost of fertilizer, pesticides, harvesting costs and labor costs had a negative impact on financial performance, while the cultivated land area, the educational level and experience of the household’s head had a positive impact on the financial efficiency of this crop.