FACTORS DETERMINING PROFITABILITY OF COUNTRY BEANPRODUCTION IN NARSINGDI DISTRICT OF BANGLADESH

Abstract

The research aims to determine the profitability of country bean production in Narsingdi area and to identify the factors influencing profitability. A total of 125 rural bean farmers were randomly chosen from Narsingdi district's Raipura Upazila in 2020. The results indicated that production of country bean was lucrative. The estimated variable cost and fixed cost Tk. 151209 and Tk. 12338 per acre respectively, where the total return were Tk. 224977. The benefit-cost ratio was 1.375. Additionally, the functional analysis showed that the cost of MoP and labor had a major influence in determining the degree of profit gained from country bean production out of 10 explanatory factors. Farmers encountered many difficulties during production, including low prices for products, high costs for water, seed, and fertilizers, inadequate storage facilities, and insect and disease attacks, long chain of middlemen, malpractices in the market, lack of transportation facilities are the major concerns. Lowering input prices, easy access to credit, and adequate training facilities should be organized by various government and non-government organizations to create opportunities for farmers to improve their overall economic condition through country bean production.