Profitability of agriculture production in India

Joshi, G.R. (2016) Profitability of agriculture production in India. Research Innovator, 3 (5). pp. 29-36.

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Abstract

Basically India is an agrarian country nearly 70% of the people is directly or indirectly depends on agriculture. An economic development of country is judged on the bases of development in the areas of agriculture, industry and service sector. Among agriculture and industry is played a predominant role in the growth of the country We hear about the agriculture sector brings lowest income as compare to the industry and service sector. Further in the developed countries agriculture as one of the source of income to nation and it also major source of income of the GDP. It shows pull down in the production of crops. At the same time we concentrate on the educated people. Most of the educated people are migrated from village to city, they are lot of knowledge in the field of agriculture but they are not working in the farm. Contract farming is one methods of agriculture. Under this method a contract made in-between the buyer and farm producer. It is an agreement in connection with type of goods produce, price of goods, and quality of goods as specified by the buyer. Farm producer produce the goods according to the needs of buyer and supply on agreed date and specified quality. Under these methods helps to farmer in respect of a quality of goods produce and get reasonable price and it shows profitability of production of agriculture. According to the National Sample Survey, the all-India average monthly surplus over cost per household from agriculture was Rs 3,350. That was a return of 152 percent. The corresponding amount for Punjab was 16,340 a month, or 139 percent of the amount invested. On the basis of actual cost of cultivation of the kharif crop for the three years 2008- 2011, a central government agency said cotton gave a surplus of 103 percent over paid out cost and imputed family labour, while that of paddy was 69 percent.

Item Type: Article
Uncontrolled Keywords: Agriculture, Commercialization, Profitability
Author Affiliation: Dept. of Commerce and Management, Government First Grade College, Shikaripura. Shimoga (Karnataka) India
Subjects: Plant Production
Divisions: General
Depositing User: Mr T L Gautham
Date Deposited: 01 Dec 2017 08:50
Last Modified: 01 Dec 2017 08:50
URI: http://eprints.icrisat.ac.in/id/eprint/15220

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