An Economic Analysis on Turmeric Cultivation in Coimbatore District of Tamilnadu

Abstract

India is agrarian society where sole dependence has been on agriculture since time immemorial trading of agricultural produce began in exchange of money. Agriculture is the primary source of livelihood for about 58 percent of India’s population. Gross Value Added (GVA) by agriculture forestry and fishing was estimated at Rs.19.48lakh Crore (Us$276.37 Billion) in 7y 20(PE). Growth in GVA in agriculture and allied sectors stood at 4 percent in 7Y 20. In 2020-21 Government of India is targeting total food grain production of 298 MT. Indian turmeric is the best in the world due to the presence of Cur cumin content. This study was conducted to assess the cost and profitability of cultivation of turmeric in the Coimbatore district. The data required for this study were collected from primary as well as secondary sources. Tools such as index number, mean, range, standard deviation and coefficient of variance are used for the present study. Both the Total Variable Cost and Total Fixed Cost were high for large farmers in the Coimbatore district, i.e., 40.17 percent and 13.44 percent respectively. It is concluded that turmeric cultivation is profitable with a Total Cost of production for an acre of Rs. 108794 and gross income from turmeric cultivation were Rs. 214821. The Net Income was Rs. 106027 per acre. The Cost-Benefit Ratio was greater than one. It indicates that the production of turmeric was highly remunerative and profitable for the growers.