Economic Analysis of a Crop

Cost of cultivation, gross and net returns, benefit-cost ratio and cost of production. Arguments may be vectors (one value per treatment).

Usage

economic_analysis(
  yield,
  price,
  cost_fixed,
  cost_variable,
  byproduct_yield = 0,
  byproduct_price = 0,
  verbose = TRUE
)

Arguments

yield

Crop yield (kg/ha).

price

Market price (Rs/kg).

cost_fixed

Fixed costs (Rs/ha).

cost_variable

Variable costs (Rs/ha).

byproduct_yield

By-product yield (kg/ha), default 0.

byproduct_price

By-product price (Rs/kg), default 0.

verbose

Logical. If TRUE (default), prints the table.

Value

A data frame of class aridagri_economics.

Author

Lalit Kumar Rolaniya, ICAR-IIPR, Bikaner

Examples

economic_analysis(yield = 1200, price = 65, cost_fixed = 15000,
                  cost_variable = 12000)
#> 
#> ======================================================================
#>  ECONOMIC ANALYSIS
#> ======================================================================
#>  Yield_kg_ha Price_Rs_kg Cost_Fixed Cost_Variable Total_Cost Gross_Return
#>         1200          65      15000         12000      27000        78000
#>  Net_Return BC_Ratio Return_per_Rupee Cost_of_Production
#>       51000     2.89             1.89               22.5
#> 
#>  B:C ratio = gross return / total cost; cost of production in Rs/kg
economic_analysis(yield = c(1050, 1200, 1340), price = 65,
                  cost_fixed = 15000, cost_variable = c(11000, 12000, 13500),
                  byproduct_yield = c(1600, 1800, 1950), byproduct_price = 5)
#> 
#> ======================================================================
#>  ECONOMIC ANALYSIS
#> ======================================================================
#>  Yield_kg_ha Price_Rs_kg Cost_Fixed Cost_Variable Total_Cost Gross_Return
#>         1050          65      15000         11000      26000        76250
#>         1200          65      15000         12000      27000        87000
#>         1340          65      15000         13500      28500        96850
#>  Net_Return BC_Ratio Return_per_Rupee Cost_of_Production
#>       50250     2.93             1.93              24.76
#>       60000     3.22             2.22              22.50
#>       68350     3.40             2.40              21.27
#> 
#>  B:C ratio = gross return / total cost; cost of production in Rs/kg