Financial Analysis of Country Bean in Narsingdi District of Bangladesh

Abstract

Aims: This study is an attempt to examine the profitability, problems and probable solutions of country bean production in Belabo upazila of Narsingdi district of Bangladesh. Study Design: Financial calculation of the cost and return were done to the evaluation process. Besides the problems and solutions of bean cultivation were also analyzed. Place and Duration of Study: This study was conducted in Belabo upazila of Narsingdi district of Bangladesh from November 2019 to April 2020. Methodology: A convenience sampling technique was selected to meet the objectives. One hundred and twenty five country bean growers were chosen from the study area. An interview schedule was prepared for collecting necessary data from the participants. The schedule contained questions about the socioeconomic characteristics of farmers, different costs associated with production, different problems faced by them during production and their probable suggestions to overcome those problems. Standard financial techniques were used to evaluate costs and returns. Descriptive statistics were used to describe socio-demographic characteristics, farming information, problems during the production process and rank of suggestions. Results: The study found that the total cost of bean cultivation was found in Bangladeshi Taka (BDT) 163866.35 per ha, net return was BDT 60850.28 per ha and benefit cost ratio was 1.37. The study found low price, lack of scientific knowledge in farming, transportation problems and poor storage facilities as major constraints. Besides, the farmers mentioned that they need proper training, reduction in price risk, credit support, cold storage facilities and transportation facilities. Conclusion: The study showed that per hectare yield, gross returns, gross margin, net return and benefit cost ratio of bean were higher. Therefore, bean production is highly profitable and it would help to improve the socio-economic condition of farmers in Narsingdi district. Besides, the study identified several problems faced by the bean growers and possible solutions to overcome those constraints were proposed.