Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter?
The productivity of beans has been boosted in recent decades all over the world. Nevertheless, bean production variability is observed from farm to farm indicating the presence of production risk and inefficiency in bean cultivation. This study aims to investigate the production risk and technical i...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-01-01
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| Series: | Social Sciences and Humanities Open |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2590291123000220 |
| _version_ | 1827965989758697472 |
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| author | Ratna Begum Sajia Sharmin Sandip Mitra Kaynath Akhi Limon Deb M. Kamruzzaman Md. Akhtaruzzaman Khan |
| author_facet | Ratna Begum Sajia Sharmin Sandip Mitra Kaynath Akhi Limon Deb M. Kamruzzaman Md. Akhtaruzzaman Khan |
| author_sort | Ratna Begum |
| collection | DOAJ |
| description | The productivity of beans has been boosted in recent decades all over the world. Nevertheless, bean production variability is observed from farm to farm indicating the presence of production risk and inefficiency in bean cultivation. This study aims to investigate the production risk and technical inefficiency of bean farms in Bangladesh. A total of 80 bean farmers were selected from Bangladesh using a purposive random sampling technique. The Kumbhakar model was employed to compute the risk and inefficiency of bean farmers. The result shows the significant production-increasing effect of irrigation and farm size while it also implies the significant production-decreasing effect of seed and fertilizer. In addition, the risk of bean production has increased with the farm labor, irrigation, and farm size while the risk of bean production has reduced with the fertilizer. The result of technical efficiency implies that farmers can significantly decrease their input use while maintaining the same level of output. In addition, technical inefficiency has increased with the age and training of farmers while it has decreased with the extension services received by the farmers. Adopting appropriate scientific management practices is imperative to increase efficiency and reduce the production risk of bean farmers. Additionally, the government should provide sufficient credit facilities and enough subsidies on expensive inputs that help to decrease the financial risk of bean growers. |
| first_indexed | 2024-04-09T17:43:02Z |
| format | Article |
| id | doaj.art-b08b3a23b74942aa953d0868fafb52ff |
| institution | Directory Open Access Journal |
| issn | 2590-2911 |
| language | English |
| last_indexed | 2024-04-09T17:43:02Z |
| publishDate | 2023-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Social Sciences and Humanities Open |
| spelling | doaj.art-b08b3a23b74942aa953d0868fafb52ff2023-04-17T04:07:35ZengElsevierSocial Sciences and Humanities Open2590-29112023-01-0171100417Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter?Ratna Begum0Sajia Sharmin1Sandip Mitra2Kaynath Akhi3Limon Deb4M. Kamruzzaman5Md. Akhtaruzzaman Khan6Department of Agricultural Finance and Cooperatives, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, BangladeshDepartment of Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, BangladeshDepartment of Agricultural Finance and Cooperatives, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, Bangladesh; Corresponding author.Department of Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, BangladeshAgricultural Economics Division, Bangladesh Rice Research Institute, Gazipur, BangladeshDepartment of Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Gazipur, BangladeshDepartment of Agricultural Finance and Banking, Bangladesh Agricultural University, Mymensingh, BangladeshThe productivity of beans has been boosted in recent decades all over the world. Nevertheless, bean production variability is observed from farm to farm indicating the presence of production risk and inefficiency in bean cultivation. This study aims to investigate the production risk and technical inefficiency of bean farms in Bangladesh. A total of 80 bean farmers were selected from Bangladesh using a purposive random sampling technique. The Kumbhakar model was employed to compute the risk and inefficiency of bean farmers. The result shows the significant production-increasing effect of irrigation and farm size while it also implies the significant production-decreasing effect of seed and fertilizer. In addition, the risk of bean production has increased with the farm labor, irrigation, and farm size while the risk of bean production has reduced with the fertilizer. The result of technical efficiency implies that farmers can significantly decrease their input use while maintaining the same level of output. In addition, technical inefficiency has increased with the age and training of farmers while it has decreased with the extension services received by the farmers. Adopting appropriate scientific management practices is imperative to increase efficiency and reduce the production risk of bean farmers. Additionally, the government should provide sufficient credit facilities and enough subsidies on expensive inputs that help to decrease the financial risk of bean growers.http://www.sciencedirect.com/science/article/pii/S2590291123000220BeanProductivityProduction riskInefficiency |
| spellingShingle | Ratna Begum Sajia Sharmin Sandip Mitra Kaynath Akhi Limon Deb M. Kamruzzaman Md. Akhtaruzzaman Khan Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? Social Sciences and Humanities Open Bean Productivity Production risk Inefficiency |
| title | Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? |
| title_full | Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? |
| title_fullStr | Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? |
| title_full_unstemmed | Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? |
| title_short | Production risk and technical inefficiency of bean (Phaseolus vulgaris) cultivation in Bangladesh: Do socio-economic factors matter? |
| title_sort | production risk and technical inefficiency of bean phaseolus vulgaris cultivation in bangladesh do socio economic factors matter |
| topic | Bean Productivity Production risk Inefficiency |
| url | http://www.sciencedirect.com/science/article/pii/S2590291123000220 |
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