International Journal of Advanced Biochemistry Research

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Vol. 8, Special Issue 6, Part F (2024)

An economic analysis of marketing and price spread of biopesticides in Chhattisgarh

Author(s): Satyanarayan Soni, Neeraj Jaiswal, Reena, Shraddha Nayak, Dr. Praveen Kumar Verma and Dr. VK Choudhary
Abstract: Four major producers as respondents and 350 farmers for fulfil constraints questionnaire were selected from three districts namely, Bilaspur, Raigarh and Raipur respectively. The secondary data of biopesticides production in Chhattisgarh was recorded from various publications of the government to accomplish the objective of study area. The primary data on different aspects to achieve the remaining objectives of study were personally recorded from the respondents.
From this study it was found that if all the cost of biopesticide is reduced per kg then 50-70 rupees per kg income can be earned. Profit from the production of biopesticide can range from Rs 15 lakh to crores rupees per year. The price spread in marketing of biopesticide is 50-60 rupees per kg which depends on the type of marketing channel. On the basis of analysis of breakeven point of production unit, it was found that if the annual total expenditure of a plant is Rs 26,08,200 then there will be no profit or loss in the production of 15,525 kg of biopesticides to get profit more than 15,525 kg. that will be produced it means that its breakeven point will be 15,525 kg. of which the price of one unit will be Rs 168.
The result of study revealed that main objective of this study is to reduce the harmful effects of the use of chemical pesticides on the environment due to traditional farming method. Instead of using chemical pesticides, we can improve the environment by removing their harmful effects by using biopesticides. This study provides information on the establishment of biopesticide production unit in Chhattisgarh, information on production cost of biopesticide production, information on return (income) and profit from production of biopesticides, information and suggestions on marketing of biopesticides in Chhattisgarh along with production of biopesticides and this study gives details of the problems faced in production and marketing and gives the measures to avoid them.
Pages: 438-444  |  61 Views  24 Downloads
How to cite this article:
Satyanarayan Soni, Neeraj Jaiswal, Reena, Shraddha Nayak, Dr. Praveen Kumar Verma, Dr. VK Choudhary. An economic analysis of marketing and price spread of biopesticides in Chhattisgarh. Int J Adv Biochem Res 2024;8(6S):438-444. DOI: 10.33545/26174693.2024.v8.i6Sf.1332
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