FINANCIAL ANALYSIS OF MUSTARD CULTIVATION IN SOME SELECTED AREAS OF NILPHAMARI DISTRICT

Abstract

Climatic condition is conducive to cultivate mustard in Bangladesh and there are ample opportunity to improve the current situation of production, since now the demand of oilseeds is high. But financial analysis of production of this crop remains unnoticed most of the time. For assessment of the profitability a field level review was directed with 100 mustard cultivators, who were chosen purposively and interviewed with pretested questionnaire from Nilphamari district during the period March to April in 2020. Applying the Cobb-Douglas production model the results suggested that farmers earned 36347.08 Tk ha -1 by producing 1414.23 kg ha vi -1 mustard with the Benefit Cost Ratio (BCR) 1.62. Irrigation, machinery, seed, urea, TSP, ZnSO 4 and Cow dung had a significant positive effect on the yield of mustard while human labour and MoP had negative insignificant effect. Mustard cultivation is profitable in Bangladesh and has the potentiality to minimize import cost of oilseeds. Mustard production can be increased further by ensuring adequate supply of labor at peak period with reasonable wage rate, incentive price of produce for farmers, sufficient drainage system after flood, collateral free and easy access to credit, crop insurance to mustard growers.