Economic Analysis of Factors Affecting Sugarcane Production in Major Sugarcane Producing States of India

"Sugarcane (Saccharum sp.) is one of the most significant commercial crops in the world due to its strategic position, extensive uses in every nation’s everyday life, and industrial uses for sustaining economic and nutritional needs. The present study, an economic analysis of factors affecting...

Full description

Saved in:
Bibliographic Details
Published inEconomic affairs (Calcutta) Vol. 68; no. 3; pp. 1395 - 1401
Main Author Dwivedi, Neha
Format Journal Article
LanguageEnglish
Published New Delhi New Delhi Publishers 01.09.2023
Subjects
Agricultural production
Agriculture
Crops
Economic analysis
Hypotheses
Normal distribution
Prices
Rain
Regression analysis
Software
Sugarcane
Variables
Karnataka India
Jharkhand India
Chhattisgarh India
Bihar India
Gujarat India
Andhra Pradesh India
Punjab India
Uttarakhand India
India
Uttar Pradesh India
Maharashtra India
Tamil Nadu India
Haryana India
Madhya Pradesh India
Online AccessGet full text

Cover

More Information
Summary:"Sugarcane (Saccharum sp.) is one of the most significant commercial crops in the world due to its strategic position, extensive uses in every nation’s everyday life, and industrial uses for sustaining economic and nutritional needs. The present study, an economic analysis of factors affecting sugarcane production and policy implications in major sugarcane-producing states of India, centers on the objective to analyse the variables influencing sugarcane production. A secondary time series data for 14 states namely: Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, Bihar, Gujarat, Haryana, Punjab, Andhra Pradesh, Madhya Pradesh, Uttarakhand, Telangana, Chhattisgarh, and Jharkhand, for the period 1998-99 to 2018-19 have been utilized for the present study. The variables considered in this study were area, yield, rainfall, and price (FRP). The findings imply that there was a significant linear relationship between the area and sugarcane production. The linear association of yield with production was positive but weaker than the area. Rainfall and FRP (Fair and Remunerative Prices) had a weakly positive association with production,as observed there was the insensitivity of sugarcane production to FRP and rainfall thus, efforts should be made to increase price responsiveness by reducing the sugarcane cane reservation area."
ISSN:0424-2513
0976-4666
DOI:10.46852/0424-2513.3.2023.6