Indian Journal of Economics and Development
Year : 2022, Volume : 18, Issue : 2
First page : ( 501) Last page : ( 506)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.35716/IJED/22013

An Economic Analysis of Mentha Cultivation in Punjab

Agarwal Dipanshi^*, Singh J.M., Horo Aniketa

Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004 (Punjab)

^*Corresponding author's email: dipanshi-aes@pau.edu

Online Published on 06 February, 2023.

Abstract

The present study was conducted for economic analysis on mentha cultivation in Punjab. The primary data were collected from fifty farmer respondents classified based on operational landholding. Cobb-Douglas production function was fitted to identify the variables influencing the yield of the mentha crop. The benefit-cost ratio was estimated to be 2.87, which highlights the profitability of the mentha crop. The major cost components of mentha cultivation were found to be human labour (39.04 per cent), followed by fertilizers (20.65 per cent) and suckers (11.82 per cent). Most farmers were growing the varieties of mentha, peppermint and koshi, a larger area devoted to the former. The highest returns over variable cost were observed in the case of large farms (139852 per ha), followed by medium farms (106083 per ha) and small farms (57371 per ha). In the present study, area (in ha), irrigation (in hours), and insecticide sprays (in numbers) were found to be significantly affecting the yield of the mentha crop by 82 per cent.

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Keywords

B: C ratio, Costs, Mentha, Returns.

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