The The Study and Analysis of the Organic Jasmine Rice Production Process for Pricing in the Gasayt Paan Suek Agricultural Community Enterprise Taluk Klang Thung Sub-district, Muang Tak District, Tak Province
Keywords:
Cost analysis, Activity based costing, Organic jasmine riceAbstract
This research aimed to study and analyze production process of the 105-organic jasmine rice of the farmers of Paan Suek Agricultural Community Enterprise, Taluk Klang Tung Sub-district, Muang Tak District, Tak Province. This research adapted the use of an activity-based cost analysis followed by analyzing the total cost, the revenue and the break even point of its production in order to define selling price for the farmers. The purposive sampling approach was applied to 26 members of Paan Suek Agricultural Community Enterprise. The production field area is 205 rais producing jasmine rice of 260 kilograms per rai. The farmers planted once a year and sold jasmine rice at 30-50 Baht per kilogram. The study showed that planting 105 jasmine rice consists of 13 activity bases. The analysis of total cost, revenue and break even point showed that the break even point was 33 Baht per kilogram which properly correspond to the defined rate of 40 and 50 Baht with no loss and earn profit point in contrary, defining selling price at 30 Baht per kilogram was lower than the break even point and the farmers were unable to gain profit from planting rice.
References
Baokhin, P. and S. Tulasombat. 2019. Analysis of Activity Based Costing of Sugar Cane Farmers Phu Khiao District Chaiyaphum Province. pp. 704-720. In The 6th National Sustainability in Business Conference and Journal 2019. Chiang Mai: The Empress Chiang Mai Hotel. [in Thai]
Boonkamon, T., S. Naknok and W. chaosukhum. 2017. Cost and Return Investment Analysis of the Rice Farming RD31 Variety of Farmers in the Area Buengthonglang Subdistrict Administrative Organization Lam Luk Ka District, Pathum Thani Province. pp. 816-826. In Proceedings of the 4th Phetchabun Rajabhat University National Conference. Phetchabun: Phetchabun Rajabhat University. [in Thai]
Dungtripop, W. and P. Lakkanawanit. 2018. Application of concept of activity-based costing (ABC) in oil palm plantation costing in Nakhon Si Thammarat province. WMS Journal of Management Walailak University 7(Special issue): 54-73. [in Thai]
Karakret, N. 2009. A Study on the future image of mass media in the role to promote the value of Thai Jasmine rice. 93 p. In Research Report. Pathum Thani: Rajamangala University of Technology Thanyaburi. [in Thai]
Muangkeaw, T. 2018. Thailand Ministry of Agriculture and Cooperatives. [Online]. Available https://www.moac.go.th/news-preview (20 June 2018).
Panyayingyong, S. 2010. Activity-Based Costing: A Case Study of a Logistics Provider. Master Thesis. Srinakharinwirot University. 121 p. [in Thai]
Pokpong, A. and S. Kaoaeant. 2015. The comparison between costs and returns on the production of rice breeder seeds and paddies in Amphoe Lat Bua Luang, Phra Nakhon Si Ayutthaya. King Mongkut’s Agricultural Journal 33(3): 1-8. [in Thai]
Rijirawanit, W. and C. Ploymeekar. 1994. Engineering Economy. Bangkok: Chulalongkorn University Press. 357 p.
Saelim, C. 2018. Activity Based Cost Analysis: A Case Study of a Plastic Packaging Factory. Master Thesis. Siam University. 51 p. [in Thai]
Srisurin, K., S. Boonguson and T. Chaikratok. 2017. Cost and Return of Off-season Rice: A Case Study of Baan Hee, Moo.3, Kham Charoen Sub-district, Trakan Phuet Phon District, Ubonratchathani Province. pp. 1201-1210. In Proceedings of the 2th Ratchathani University National Conference. Ubon Ratchathani: Ubon Ratchathani University. [in Thai]
Thipbharos, P., P. Siripanich and W. Phuangsap. 2018. Costs, returns, and household commercialization index of certified organic rice in Thailand. Suthiparithat Journal 32(104): 128-142. [in Thai]
Thongkham, N. 2012. Production Economic and Marketing of Paddy Rice in Phattalung. Master thesis. Prince of Songkla University. 90 p. [in Thai]
Tummanon, W. and T. Wattanasupachock. 2001. Activity-based Costing. Bangkok: Ionic Press. 302 p.
Yampean, P. 2006. Engineering Economy. Bangkok: SE-EDUCATION. 311 p. [in Thai]
Yawichai, P., J. Wongkeaw, T. Thongkhum and T. Satchaeathee. 2018. Cost and return on rice RD15 farming by the farmers in Pong Srinakron village, Rong Chang sub-district, Pa Daet district, Chiang Rai province. Business Review 10(1): 7-24. [in Thai]
Downloads
Published
How to Cite
Issue
Section
License
This article is published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0), which allows others to share the article with proper attribution to the authors and prohibits commercial use or modification. For any other reuse or republication, permission from the journal and the authors is required.
