AN ECONOMIC ANALYSIS OF GROWTH AND ACREAGE RESPONSE OF GROUNDNUT IN INDIA

V. PRIYANGA¹*, K.R. KARUNAKARAN^2
1Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, 641 003, Tamil Nadu, India
²Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies, Tamil Nadu Agricultural University, Coimbatore, 641 003, Tamil Nadu, India
* Corresponding Author : vpriyanga12@gmail.com

Received : 01-07-2020     Accepted : 18-07-2020     Published : 30-07-2020
Volume : 12     Issue : 14       Pages : 10071 - 10076
Int J Agr Sci 12.14 (2020):10071-10076

Keywords : Area, Cost of production, MSP, Production, Supply response
Academic Editor : Dr R. P. S. Shaktawat
Conflict of Interest : None declared
Acknowledgements/Funding : Authors are thankful to Department of Agricultural Economics, Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University, Coimbatore, 641 003, Tamil Nadu, India
Author Contribution : All authors equally contributed

The present study is conducted with a view to analyse the growth in area, production and productivity of groundnut from 1965-66 to 2016-17 and also to analyse the acreage response of groundnut from 1985-86 to 2016-17 of major groundnut producing states in India. During the implementation of Technology Mission on Oilseeds (TMO) significantly increases the area, production and productivity of groundnut and it get decreased during the post- TMO period. The result of the acreage response with respect to MSP is negative for groundnut in short run, and their adjustment mechanism towards reaching the desired level is slow for the majgrownut or growing states except in Gujarat. This study also compared the growth in cost of production and MSP of groundnut and found that the announced MSP for groundnut in India in the year 2017-18 was found more than the cost of production in all the states except in Karnataka and Tamil Nadu. The study suggested that policy intervention of government is required to encourage the area and production of groundnut in India.

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