COMPARING THE PROFITABILITY OF TWO NEW VARIETIES OF POTATO: EVIDENCE FROM MUNSHIGANJ DISTRICT

Comparing the profitability of two new varieties of potato…

Abstract

The overarching goal of the study was to examine the profitability of two new varieties of potato production using evidence from the Munshiganj district. The sample size for this study was purposefully set at 60 from various income categories. In March and April of 2019, data were collected through a farm survey utilizing a pre-tested questionnaire. According to the study, the gross and net returns from Diamant variety of potato were higher than those from Algure potato. The benefit-cost ratio of Diamant potato was higher than that of Algure potato. On the basis of total cost, average per ha cost was estimated at Tk.137317 and Tk.102289 for Diamant and Algure potato respectively. Net return from Diamant potato was Tk.43164 per ha and from Algure potato was Tk.26479 per ha. In case of producing Diamant, BCR was 1.31 and for the Algure potato production it was 1.25 on full cost basis. Farmers age, education level, farm size played a positive role in increasing net return for both Diamant and Algure potato. Family size had negative influence on both variety and year of farming experience had positive influence on Diamant potato and negative effect on Algure potato. The study estimated several technical, economic, marketing, and social issues that impede the expansion of potato production due to its high demand, such as a lack of good quality seed and fertilizers, insufficient funds, high input costs, a lack of adequate cold storage facilities, loss of production due to theft, and so on. Finally, well-planned management training tailored to their challenges, requirements, goals, and resources can lead to the development of successful production techniques and long-term income from potato farming in the study area.