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Vol. 12, Issue 9 (2023)

An economic analysis of crops under MSP in Chhattisgarh

Author(s):
Omica Lakra and SK Singh
Abstract:
The present study was carried out to study the growth rate of area, production and productivity of crops covered under MSP and extent of purchase of these crops by government agencies at MSP in Chhattisgarh. The primary and secondary both data was utilized to fullfil the objectives of the study. The exponential function was employed to estimate the growth rate of area, production and productivity of crops under study. The study revealed that area under gram, maize and sugarcane had registered positive and statistically significant growth rate while negative and statistically significant growth rate was observed for area under Barley, Jowar, Nigerseed, Ragi, Rapeseed, Safflower and Urad. The growth rate in production of Maize and Sugarcane was found positive and statistically significant while negative and statistically significant growth rate was registered for Rice and Rapeseed & Mustard. The study also revealed that 74.59 per cent of total paddy and 14.1 per cent of total maize produced by the farmers in Chhattisgarh state was purchased at MSP by the Chhattisgarh government.
Pages: 208-216  |  424 Views  335 Downloads


The Pharma Innovation Journal
How to cite this article:
Omica Lakra, SK Singh. An economic analysis of crops under MSP in Chhattisgarh. Pharma Innovation 2023;12(9):208-216.

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