Cost and Return on Rain-fed Rice by Large Agricultural Land Plot in Mae Jai District, Phayao Province
Keywords:
cost–benefit analysis, rain-fed rice, large agricultural land plot of farmersAbstract
This research aimed to study cost and return on rain-fed rice by large agricultural land plot of farmers in Mae Jai district, Phayao province. Data were collected by using structured questionnaire and interview. The 20 samplings were convenience sampling and collecting data from the planting season of year 2019. The statistics used in this research were frequency, mean, percentage and financial ratio analysis. The study indicated that total average cost of production was 2,840.22 Baht per rai. Net Profit was 2,742.01 Baht per rai. Gross profit margin (GPM) was 49.97%. Net profit margin (NPM) was 48.29%. Return on assets (ROA) was 60.39%. In addition, the cost structure of rain-fed rice cultivation consisted of three parts, namely, direct material cost, direct labour cost, and manufacturing overhead which accounted for 6.18, 29.13, and 64.69% of the total production costs, respectively.
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