Resource Use Efficiency of Fennel Cultivation in Rajasthan: An Economic Analysis
Price: ₹ 500
Author: P. Choudhary, S. Kharkwal*, P.S. Shekhawat and S. Jain
Author Address: Research Scholar and Assistant Professors, Sri Karan Narendra Agriculture University, Jobner-303329 (Rajasthan)
Keywords: Cobb-Douglas production function, fennel, resource use efficiency, seed, utilization.
JEL Codes: C01, C81, Y10.
Abstract
The study assessed the resource-use efficiency of fennel cultivation in the Nagaur district of Rajasthan. The results indicated that the fennel cultivation was a profitable enterprise, with `2.14 proceeds per rupee spent on its cultivation. Results of the Cobb-Douglas model revealed that the farmers were inefficient in using the resources. Seed was under-utilized, while fertilizers, human labour, machine labour, manure, irrigation and plant protection chemical were found to be over-utilized. The coefficient of multiple determination (R2) was observed at 0.602. Enhanced extension services for resource management and on-field technical guidance to fennel growers through agricultural departments or regional KVKs, regarding the application of fertilizers, chemicals and seeds could help farmers to use these resources efficiently.
Description
Indian Journal of Economics and Development
Volume 19 No. 2, 2023, 474-479
DOI: https://doi.org/10.35716/IJED/22156
NAAS Score: 5.15 (2023)
Indexed in SCOPUS and ESCI (Clarivate Analytics)
Journal Citation Indicator: 0.04 (WoS)
UGC Approved