Evaluation of Economic Impact and Returns on Investment of Improved Rice Variety in Telangana, India
G. Sunitha *
Professor Jayashankar Telangana State Agricultural University, Hyderabad, 500 030, Telangana, India.
G. P. Sunandini
Professor Jayashankar Telangana State Agricultural University, Hyderabad, 500 030, Telangana, India.
T. Lavanya
Professor Jayashankar Telangana State Agricultural University, Hyderabad, 500 030, Telangana, India.
G. Raghunadha Reddy
Acharya N. G. Ranga Agricultural University, Guntur, 522 034, Andhra Pradesh, India.
*Author to whom correspondence should be addressed.
Abstract
Rice holds a crucial position in Telangana state, India, occupying more than one-third of the cultivated area. The state has widely adopted improved rice cultivars, with active participation from both the public and private sectors. A study conducted in the Jagtial district assessed the economic benefits of adopting the JGL 24423 rice variety by comparing adopters and non-adopters. The research analyzed data from 120 sample farmers and found significant advantages, including increased net returns per hectare, high yields and reduced pesticide usage. Economic surplus method was used to estimate the economic impact and the study found a total surplus of Rs. 82.41 crore, mainly benefiting producers (70.89%) and consumers (29.41%). The research investment on JGL 24423 revealed a promising 72 per cent IRR, NPV of Rs. 27.51 crore, and a favorable BC ratio of 132.
Keywords: Impact assessment, economic surplus, economic impact, improved variety