Profitability Analysis of Maize Cultivation: A Strategic Approach to Reduce Dependence on Paddy in Punjab
Published by: Admin
Authors: Taranpreet Sandhu, Parul Barwal, Lavleen Kaur and Smily Thakur
Abstract
The present study examines the profitability of maize cultivation in Punjab during 2022-24. The primary data collected from the sampled of 100 maize farmers from two blocks of Punjab. The results showed that per acre cost of cultivation for maize was Rs. 15590.390 and Rs.23462.66 for paddy. The gross returns and net returns over total cost were observed as higher in paddy (Rs.53406.17 and Rs. 29943.51, respectively) as compared to maize crop. The production function analysis showed that seed and labor were positively and significantly affects the maize and paddy production. The study suggests incentivizing maize cultivation through subsidies and assured procurement to promote crop diversification. Efficient resource use and policy support could enhance profitability and sustainability, reducing farmer’s dependence on paddy and mitigating groundwater depletion.
Keywords:
Economic growth, Structure change, Income, NDP
JEL Classification:
O4, Q1, P2