Cost and return of lotus cut flower farming in Thailand

Abstract

A study for cost and return of lotus cut flower in Thailand by interviewing 74 households of lotus cut flower farmers. There were 2 groups of farmers; the 49 households that produced lotus cut flower less than 10 rais (Small farm group) and the 25 households that produced lotus cut flower between 10 to 25 rais (Medium farm group). The result revealed that the small farm group and the medium farm group had an average total cost as 24,720.25 and 18,602.96 baht/rai, respectively. Both groups gained the average income of total production as 30,521.15 and 23,147.42 baht/rai; the average of net profit as 5,800.90 and 4,544.46 baht/rai; the break even point of yield as 8,792.78 and 8,680.40 flowers/rai and the break even point of price as 1.13 and 1.17 baht/flower, respectively. When testing for statistically significant differences between the small farm group and the medium farm group on the average of total cost, the income and the net profit of lotus cut flower production, the results found that the average of total cost and the income of lotus cut flower production were statistically significant differences at the confidence interval 95% and 90%, respectively. However, the net profit of lotus cut flower production was not statistically significant difference.