Author: Prasanna Kolar , P.K. Awasthi , Gourav Kumar Vani and Ankita Sahu
Author Address: Research Scholars, Professor and Head, and Assistant Professor, Department of Agricultural Economics and Farm Management, Jawaharlal Nehru Krishi Vishwa Vidyalaya, Jabalpur-482004 (Madhya Pradesh)
Keywords: B.C. ratio, differential yield minimum support , price, net income.
JEL Codes: O11, O13, D24, D61, P42, Q18
The results revealed that cost concepts of soybean were increased at highly significant growth rates. Net income was positive, and the B.C. ratio was more than one in the base year, which indicated that soybean was profitable in the base year only. The differential yield of soybean was positive, which denoted that farmers managed to produce above the break-even level (profit zone). The difference between the cost of production and minimum support price was positive, indicating that MSP fixed by the government was less than the cost of production (Cost C ), indicating no assurance of profit if the market prices also tumble below the cost of 2 production.
Indian Journal of Economics and Development
Volume 17 No. 2, 2021, 282-288
Indexed in Clarivate Analytics (ESCI) of WoS
Scopus: Title Accepted
NAAS Score: 5.15