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Economics and Marketing of Selected Spices and Traditional Crops: Insights into Farmers from Haryana, India

Author

Listed:
  • Lal Choote

    (PhD, Chaudhary Devi Lal University, Sirsa, Department of Economics; Barnala Rd, Sirsa, Haryana 125055, India.)

  • Jakhar Babloo

    (PhD, Central University of Rajasthan; Department of Economics, Bandarsindri, N. H. 08, Kishangarh, Ajmer-305817, India.)

  • Kait Rohtas

    (PhD, Chaudhary Devi Lal University, Sirsa, Department of Economics; Barnala Rd, Sirsa, Haryana 125055, India.)

  • Pruthi Somnath

    (PhD, Guru Jambheshwar University of Science & Technology, Department of Economics; Hisar – 125001, Haryana, India.)

  • Kumar Vijay

    (PhD, Chaudhary Ranbir Singh University, Department of Economics; Rohtak Bypass Rd, Jind, Haryana 126102, India.)

Abstract

The study aims to measure the profitability of spice crops, their marketing channels, marketing efficiency, and price spread effects. The study was based on a field survey of 320 spice farmers of Haryana state in India carried out between 2020 and 2021. The authors presented analytical purposes, compound growth rate, cost–benefit ratio, marketing channels, marketing efficiency and price spread effect. The growth of area and production of spice crops is not very strong compared to the profitability of spice crops. Cost–benefit ratio shows that spice crops are more profitable than traditional crops for farmers. However, due to high cost of cultivation, volatile prices, and fear of crop failure, area under spices cultivation is very small. Price spread effect is very high in channel I and II. The majority of farmers adopted inefficient marketing channel (low price for producer and high price for consumer) due to lack of storage facility and weak financial health. The role of government is important for protecting the rights of producers as well as consumers. Mediators’ role should be minimized by government policy in the marketing of spice crops in Haryana so that farmers can charge the right price for their spice crops.

Suggested Citation

  • Lal Choote & Jakhar Babloo & Kait Rohtas & Pruthi Somnath & Kumar Vijay, 2024. "Economics and Marketing of Selected Spices and Traditional Crops: Insights into Farmers from Haryana, India," Zagadnienia Ekonomiki Rolnej / Problems of Agricultural Economics, Sciendo, vol. 379(2), pages 73-100.
    • Handle: RePEc:vrs:zerpae:v:379:y:2024:i:2:p:73-100:n:1001
    DOI: 10.30858/zer/187581
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    Keywords

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    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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