PROFITABILITY ANALYSIS OF SUGARCANE PRODUCTION IN SOME SELECTED AREAS OF MANIKGANJ DISTRICT

Abstract

Sugarcane is second in terms of cash crops and third in terms of key crops in the agricultural sector. The main objective of this research was to determine the profitability of sugarcane production. The district of Manikganj was chosen for the research due to its considerable sugarcane production. Through an interview schedule, data were gathered from 100 sample farmers using a simple random sampling approach. After analyzing the data, it was determined that the net return is Tk. 338936.00. Average total cost of sugarcane was estimated to be Tk. 211050.80 per hectare. The Benefit Cost Ratio (BCR) for sugarcane production was determined to be 2.61. While the regression coefficients for cost of MoP and cost of gypsum were all positive, the coefficients for cost of TSP and cost of cow dung were all negative and significant at various levels of significance. The human labor cost, cost of setts, cost of urea, cost of zinc, irrigation cost and pesticide cost were determined to be insignificant in relation to the return on sugarcane production. As a result, it was discovered that sugarcane production was very lucrative. Additionally, this research highlighted a number of problems and constrains related with sugarcane production. These were inadequate capitals, lack of proper knowledge, high price of input, low product price, labor scarcity in the peak period, delay payment of taka, theft of sugarcane and top cutting.