Volume 5, Issue 3, September 2020, Page: 71-79
Economic Viability of Wet Season Aromatic and Non-aromatic Rice Cultivation in Dinajpur District of Bangladesh
Mohammad Jahangir Kabir, Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, Bangladesh
Md Abdus Salam, Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, Bangladesh
Alvira Farheen Ria, Department of Environmental Science and Management, North South University, Dhaka, Bangladesh
Aabu Bakr Siddique, Agricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, Bangladesh
Received: Aug. 20, 2020;       Accepted: Sep. 3, 2020;       Published: Sep. 16, 2020
DOI: 10.11648/j.ajere.20200503.14      View  67      Downloads  37
Abstract
The aromatic rice has cultural and economic significance in Bangladesh. This study assessed the relative economic viability (profitability and risk) of aromatic and non-aromatic wet season (WS) rice varieties. The farm-level data for this study was collected through face to face interview from Dinajpur. An enterprise, partial and stochastic budget was developed in the study. Nearly half of the total T. Aman area in the case study villages was devoted to aromatic rice, in particular modern aromatic cultivar BRRI dhan34, mainly due to it gave notable extra benefits over local aromatic (BDT. 13,519/ha) and non-aromatic (BDT. 20,197/ha) cultivars. There was no significant difference in yield between BRRI dhan34 and local aromatic variety, namely Kataribhog. However, BRRI dhan34 was found to be the more economically viable (gave higher returns and posed less risks) option due to its higher and stable market price. The higher price, guaranteed market demand, lower fertilizer requirements, shorter growth duration and suitability of late transplanting of BRRI dhan34 are the major drivers behind its widespread popularity in the region. It was clear from this research that farmers in the case study villages are highly motivated to increase adoption of the aromatic cultivar due to its price advantage and ensured market. Therefore, the development and dissemination of the higher yield potential biotic stress tolerant aromatic variety should get priority in policy planning for higher income generation and export earnings for the country.
Keywords
Aromatic Cultivars, Partial Budget, Economic Sustainability, Profitability, Risks
To cite this article
Mohammad Jahangir Kabir, Md Abdus Salam, Alvira Farheen Ria, Aabu Bakr Siddique, Economic Viability of Wet Season Aromatic and Non-aromatic Rice Cultivation in Dinajpur District of Bangladesh, American Journal of Environmental and Resource Economics. Vol. 5, No. 3, 2020, pp. 71-79. doi: 10.11648/j.ajere.20200503.14
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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