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Does adoption of improved agricultural practices reduce production costs? Empirical evidence from Bundelkhand region, Uttar Pradesh, India

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Title Does adoption of improved agricultural practices reduce production costs? Empirical evidence from Bundelkhand region, Uttar Pradesh, India
 
Creator Bishwa Bhaskar Choudhary
Purshottam Sharma
Mukesh Choudhary
Sunil Kumar
R.P. Dwivedi
MAHESHA H S
Sanjay Kumar Singh
Shantanu Kumar Dubey
 
Subject Agricultural practices,empirical framework,price elasticity,production cost,technological interventions
 
Description Not Available
The present study assessed the effect of improved agri- cultural technologies disseminated under the ambitious Farmer FIRST Programme on production costs of major crops in Bundelkhand region, Uttar Pradesh, India. The findings show that the average real cost during 2017?18 to 2020?21 declined, leading to an increase in the net re- turn to cost ratio from farming. Technological interven- tions at the farmer?s field resulted in a gradual decline in the share of seed, fertilizer and plant protection chemicals in the cost of cultivation. The price elasticity of factors, estimated by fitting the translog function, suggests that policies for controlling input price inflation, particularly wage rate, will be imperative in reducing the cost of farm- ing. The results on the elasticity of technical substitution between labour and machinery highlight the need for devising suitable farm mechanization strategies which may be affordable in the small farm situation as well. The panel data estimate of negative cost elasticity of yield indicates that productivity growth plays a vital role in absorbing the increase in production cost.
 
Date 2023-07-26T09:06:05Z
2023-07-26T09:06:05Z
2022-11-1
 
Type Journal
 
Identifier —
Not Available
0011-3891
http://krishi.icar.gov.in/jspui/handle/123456789/80287
 
Language English
 
Relation —
—
 
Publisher Not Available