An Economic Analysis the Cost and Return per Hectare and Output Input Ratio of Different Size Farm of Group of Aloe Vera Cultivators in Jhunjhunu District of Rajasthan, India
Harshit Saini *
Department of Agricultural Economics, Sam Higginbottom University of Agriculture, Technology and Sciences, Prayagraj-211007, India.
Sanjay Kumar
Department of Agricultural Economics, Sam Higginbottom University of Agriculture, Technology and Sciences, Prayagraj-211007, India.
A. K. Rai
Department of Agricultural Economics and Statistics, Kulbhaskar Asram PG College, Prayagraj-2111002, India.
*Author to whom correspondence should be addressed.
Abstract
This study presents a comprehensive cost and returns analysis of Aloe Vera cultivation, aiming to provide farmers and potential investors with valuable insights into the financial aspects of cultivating Aloe Vera. The study was conducted in Chirawa block of Jhunjhunu during the year 2022 as based on the fact that a large area is covered under the cultivation of Aloe Vera in Rajasthan. The present study was done by taking 80 farmers from 12 villages. The findings of this research provide an in-depth understanding of the financial viability of Aloe Vera cultivation. The total cultivation cost per hectare of marginal was rupee 97975, small (rupee 95596), semi medium (rupee 93147) and medium (rupee 90596).The analysis of the cost and return per hectare and farm profitability among different sizes of farms in a group of Aloe Vera cultivators indicated that medium farms generally exhibit higher profitability and efficiency. Input output ratio was 2.39, 2.50, 2.61 and 2.75 for marginal, small, semi medium and medium farmers. The cost and return analysis, along with the assessment of farm profitability, are essential tools for farmers, investors, and policymakers involved in Aloe Vera cultivation.
Keywords: Cost and returns, farm profitability, gross returns, net income, output input ratio