A COMPARATIVE ECONOMIC ANALYSIS ON PROFITABILITY OF BORO RICE AND JUTE PRODUCTION IN RAJOIR UPAZILA OF MADARIPUR DISTRICT

Abstract

The present study was conveyed to compare the profitability of boro rice and jute in Rajoir upazila of Madaripur district. In this study, a total of 80 farmers were used as sample and data were collected by using a structured questionnaire during March-April 2019. In this study, CobbDouglas production function was used for analyzing data.

From this study, it was estimated that

the

average per hectare cost for boro rice and jute production was Tk. 95482.41 and Tk. 89909.82 respectively. Additionally, per hectare total gross return of boro rice and jute was found to be Tk. 105420 and Tk. 136701.5 respectively. The net return per hectare from jute (Tk. 46791.68) was found higher than boro rice (9937.62) production. Moreover, gross margin of jute (Tk. 56052.5) was found to be higher than boro rice (Tk. 19289.7). Furthermore, the benefit cost ratio of jute (1.52) was found higher than boro rice (1.10). The result revealed that jute was more profitable than boro rice in the study area. The result also revealed that power tiller, seed and fertilizer showed positive and significant effect on gross return whereas human labor and irrigation had negative but significant effect on gross return of boro rice. Additionally, jute seed nd fertilizer showed positive and significant effect whereas human labor and power tiller showed negative but significant effect on gross return of jute production. The present study identified some problems faced by the farmers. The major problems faced by the farmers of boro rice and jute were high input cost, shortage of labor and high wage rate, low price of output, lack of storage facilities and lack of capital. Eventually, giving subsidy on input price, initiatives to ttract labor more on agricultural sector, ensuring fare price, building more storehouse and giving agricultural loan at low interest rate were suggested to uplift the profitability and management practices of boro rice and jute production.