Growth and Economic Profitability of Rice Cultivation in Haryana
K. Abdulaziz
*
Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, India and Agricultural Research Council of Nigeria, Agricultural Research House, Plot 223D, Cadastral Zone B6, Mabushi, Abuja.
K. K. Kundu
Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, India.
D. P. Malik
Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, India.
*Author to whom correspondence should be addressed.
Abstract
An investigation on the growth and economic profitability of rice production was conducted in Karnal district of Haryana, India in 2019-20. A sample of 30 farmers from Karnal district were interviewed to collect relevant information related to various expenses incurred in the cultivation of rice and output attained as well as constraints encountered in production of rice. Compound annual growth rate (CAGR) results revealed an increasing trend in area, production and yield of rice in Haryana. Large instability suggests that there was more variability in area, production and yield in Haryana than in India during the period under study. Highest cost per output was incurred in variety Basmati CSR-30 (Rs. 30.50 kg-1) cultivation. Similarly, highest net profit was realized in the cultivation of Basmati CSR-30 (Rs. 8.08 kg-1). Lack of remunerative prices was the main constraint in rice cultivation. Thus, cultivation of rice could be made more profitable by upward review of per unit price of rice and looking into other avenues to incentivize the rice farmers. Similarly, research should be reoriented to reduce the production cost and improving yield which have direct effect on profitability.
Keywords: Cost, profit, trend, instability, production, rice