Cost and Returns Analysis of Turmeric Production in Kodumudi Block of Erode District from Tamil Nadu, India

Abstract

Turmeric is mostly produced, consumed and exported by India. As the third most produced spice in the nation and turmeric makes up around 14 per cent of all spices produced in India. Turmeric is grown on 186.0 thousand hectares in India, with a total production of 943.0 thousand tonnes and a yield of 5.1 tonnes per hectare in the 2015–16 growing season. There is a lack of information regarding turmeric cultivation costs, returns and production. The production of turmeric is mostly concentrated in the southern states of Andhra Pradesh and Tamil Nadu. So, the current study was focused on the cost and returns analysis of turmeric production in Kodumudi block of Erode district. A total of 120 sample respondents was selected based on the multistage purposive cum random sampling by using pre tested interview schedule. It was calculated that growing turmeric would cost Rs 1,46,151.41 per acre. The gross profit per acre realized was Rs 2,60,347.50. Per hectare, the net profit was Rs 1,14,196.09. This study revealed that the government should create the awareness about the various turmeric production technologies among the sample farmers by conducting extension activities.