ECONOMIC STUDY OF Binadhan-22 PRODUCTION IN SOME SELECTED AREAS OF BANGLADESH

Abstract

This study was conducted in four districts of Bangladesh, namely Mymensingh, Bogura, Naogaon and Rangpur to estimate the profitability and factors affecting gross return of the variety. This study was based on primary data which were collected from 200 Binadhan-22 growing farmers. In the sampled areas data were collected through pre-designed interview schedule from January-February, 2023. Tabular, descriptive statistics and Cobb-Douglas production function model were used to fulfill the objectives. It was found that Binadhan-22 production is profitable. The average net return per hectare was Tk. 28876. The net return was highest in Rangpur (Tk. 32480/ha) followed by Naogaon (Tk. 28554/ha), Mymensingh (Tk. 27331/ha) and Bogura (Tk. 27139/ha). Benefit cost ratio was estimated at 1.39 and 2.04 on full cost and variable cost basis. Cobb-Douglas production function was chosen to determine the factor affecting gross return of Binadhan-22 production. All of the factors namely, human labour cost, power tiller cost, seed cost, fertilizer cost, irrigation cost, insecticides cost were statistically significant and positive. The regression coefficients for farming experience and agricultural training under all areas had negative but significant relationship at 5% and 10% level, respectively. The regression coefficient of age was positive and significant at 10% level. Under all areas, the regression coefficients of education and farm size were positive but not significant. Farmers faced some constraints in cultivating of the variety. The first ranked constraint was lack of availability of seeds (93%). Other constraints were lack of training (61%), lack of capital (38%) and lack of technical know-how (16%). In addition to helping farmers use a better combination of inputs that will create higher productivity and return, effective extension services may also assist farmers in cultivating rice in a way that will contribute to food security and self-sufficiency.

References

Alam, M.J., McKenzie, A.M., Begum, I.A., Buysse, J., Wailes, E.J. and Van Huylenbroeck, G. 2016. Asymmetry price transmission in the deregulated rice markets in Bangladesh: Asymmetric Error Correction model. Agribusiness. 32(4): 498–511.

Anik, A. R. 2003. Economic and financial profitability of aromatic and fine rice production in Bangladesh. M.S. thesis, Department of Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, Bangladesh.

BBS. 2022. Yearbook of Agricultural Statistics-2021. Statistics and Informatics Division, Bangladesh Bureau of Statistics, Ministry of Planning, Government of the People’s Republic of Bangladesh, Dhaka, Bangladesh.

BBS. 2018. Yearbook of Agricultural Statistics-2017. Statistics and Informatics Division, Bangladesh Bureau of Statistics, Ministry of Planning, Government of the People’s Republic of Bangladesh, Dhaka, Bangladesh.

Bapari, M.Y. and Joy, M.A.K. 2016. Estimation of Rice Production Function in Rajbari District, Bangladesh: an Econometric Analysis. Asian Journal of Humanity, Art and Literature. 3(1): 99-112.

BER. 2017. Bangladesh Economic Review, Department of Finance, Ministry of Finance, Government of the People’s Republic of Bangladesh, Dhaka.

Bwala, M. A., and John, A. U. 2018. Profitability Analysis of Paddy Production: A Case of Agricultural Zone 1, Niger State Nigeria. Journal of Bangladesh Agricultural University, 16(1), 88–92.

Chowdhury, N.T. 2013. “Marginal product of irrigation expenses in Bangladesh,” Water Resour. Econ., vol. 4, pp. 38–51.

Islam, Z., Begum, R., Sharmin, S., and Khan, A. 2017. Profitability and Productivity of Rice Production in Selected Coastal Area of Satkhira District in Bangladesh. International Journal of Business, Management and Social Research, 3(01), 148–153.

Ismail, M.H., and Verbeke, W. 2010. Evaluation of Rice Markets Integration in Bangladesh, The Lahore Journal of Economics, 15(2), 77-96.

Khan, M.B. 2005. Processing of Boro paddy and its marketing in selected areas of 12 Sherpur district. M.S. Thesis, Department of Cooperation and Marketing, Bangladesh Agricultural University, Mymensingh.

MoA. 2019. Annual report 2018-2019. Ministry of Agriculture (MoA), Government of the People’s Republic of Bangladesh, October 2019, Dhaka, Bangladesh.

Mondal, M.S., Islam A.K.M.S. and Madhu M.K. 2012. Spatial and temporal distribution of temperature, rainfall, sunshine, and humidity in context of crop agriculture. Comprehensive Disaster Management Program, Ministry of Food and Disaster Management, Dhaka.

Mainuddin, M. and Kirby, M. 2015. National food security of Bangladesh to 2050. Food Security. 7:633–646.

Mottaleb, K.A. and Mishra, A.K. 2016. Rice consumption and grain-type preference by household: a Bangladesh case. Journal of Agricultural and Applied Economics. 48: 298–319.

Mondal, R.K. 2005. An Economic study of input use and productivity of HYV Boro paddy producing farms by tenancy in some selected areas of Gaibandha district. M.S. Thesis, Department of Agricultural Economics, Bangladesh Agricultural University, Mymensingh.

Noonari, S., Irfana, M., Memon, N., Jatoi, A.A., Bux, M., Bhatti, M.A., and Shah, T. 2015. Analysis of Rice Profitability and Marketing Chain: A Case Study of District Analysis of Rice Profitability and Marketing Chain: A Case Study of District Sukkur Sindh Pakistan. International Journal of Business and Economics Research, 4(3), 133-143.

Rahaman, M.S., Haque, S., Sarkar, M.A.R., Rahman, M.C., Reza, M.S., Islam, M.A. and Siddique, M.A.B. 2021. A cost efficiency analysis of boro rice production in Dinajpur district of Bangladesh. Fundamental and Applied Agriculture, 6(1): 67-77.

Rahman, M.C., Nafisa, C.N.B. Hossain, M.R., Rahaman, M.S., and Chowdhury, A. 2015. Comparative Profitability and Efficiency Analysis of Rice Farming in the Coastal Area of Bangladesh: The Impacts of Controlling Saline Water Intrusion. IOSR Journal of Agriculture and Veterinary Science, 8(10), 89-97.

Rahman, M.C. and Miah R.M.T.H. 2015. Effects of controlling saline water intrusion in an empoldered area of Bangladesh. In Humphreys E, Tuong TP, Buisson MC, Pukinskis I, Phillips M. Revitalizing the Ganges Coastal Zone: Turning Science into Policy and Practices Conference Proceedings. CGIAR Challenge on Water and Food (CPWF), Colombo, Sri Lanka.

Sarker, M.A.R., Alam, K. and Gow, J. 2012. Exploring the relationship between climate change and rice yield in Bangladesh: An analysis of time series data. Agricultural. System. 112:11–16.

Shozib, H.B., Siddiquee, M.A., Rahman, N.M.F., Mamun, M.A.A., Sarkar, M.A.R., Rabbi, S.M.H.A., Salam, M.U. and Kabir, M.S. 2020. Grain quality research of rice for ensuring nutritional food security. Bangladesh Rice Journal, 24(2): 105-120.

Tasnoova, S., and Iwamoto, I. 2006. Kataribhog rice marketing system in Dinajpur District, Bangladesh. Memoirs of the Faculty of Agriculture, Kagoshima University, 41 (20060220), 19-50.

Timsina, J., Wolf, J., Guilpart, N., van Bussel, L.G.J., Grassini, P. and van Wart, J. 2018. Can Bangladesh produce enough cereals to meet future demand? Agric. Sys. 163:36-44.