Resource Use Efficiency of Groundnut Production in Mahasamund and Raigarh Districts of Chhattisgarh in India
Mamta Patel
*
Department of Agricultural Economics, Pt. Kishorilal Shukla College of Horticulture and Research Station, Rajnandgaon Chhattisgarh, India.
Sneha Pandey
Department of Agriculture Economics CoA, Rajmata Vijyaraje Scindia Krishi Vishwa Vidhyalaya, Gwalior, Madhya Pradesh, India.
*Author to whom correspondence should be addressed.
Abstract
Groundnut is an important oilseed in Mahasamund and Raigarh District of Chhattisgarh and plays a crucial role, both in area and production. This study investigates the resource use efficiency of groundnut production using data from 145 farmers through personal interviews and survey method the 2020-2021 cropping year. The input output relationship of groundnut production was examined using the Cobb-Douglas production function. It was found that Marginal value product of groundnut to price ratio (MVP/Pi) was less than unity human labour, seed, manure, fertilizer and plant protection chemicals. Tractor cost (X3) significantly contributed to production of groundnut. However human labour (X1), seed (X2), manure (X4) and fertilizer (X5) were non-significant. Groundnut production in the study area was profitable.
Keywords: Cobb-douglas production function, resource use efficiency, marginal value product, price ratio