Economic analysis of mustard production in Bhandara district

Abstract

This study has attempted to examine the economic analysis of Mustard production in Bhandara district. The study was conducted in Sakoli and Mohadi tehsils of Bhandara district. A sample size of 100 farmers from five villages were randomly selected to assess cost of cultivation and resource use efficiency. Primary data were collected through personal interviews by using a pretested schedule of rabi mustard for the year 2023-24. Data were analyzed by using tabular methods and to estimate cost and returns standard cost concepts was used, while Cobb-Douglas production functions and Marginal Value Product (MVP) were employed to evaluate resource use efficiency. The per-hectare production costs varied: at cost 'A1’ and ‘A2’ were Rs. 17,652.31, cost 'B1' was Rs. 18,305.65, cost 'B2' was Rs. 24,930.97, cost 'C1' was Rs. 22,587.26, cost 'C2' was Rs. 29,212.58, and cost 'C3' was Rs. 32,133.83. The average gross return was Rs. 40,085.43, with an input-output ratio of 1:1.24 at cost 'C3'. The R2 value for the Cobb-Douglas production function was 0.828. Significant coefficients were observed for, plant protection at 0.973 and phosphorus at 1.017 were positively significant to gross income at 1 per cent and 5 per cent level of significance respectively, and manures at -0.044 was negatively significant to gross income at 5 per cent level of significance.