Description
Economic analysis was conducted based on the yields obtained and input costs in the organic farming experiments. Market potential for organic produce was also assessed, focusing on cost of cultivation, benefit-cost ratios, and potential for high-value crop production.
Findings
Initial setup costs are higher, but input costs reduce significantly once the system is established
High-value crops like spices and medicinal plants offer good economic potential when grown organically
Organic certification can add value but may be challenging for small farmers.
Stats
Benefit-cost ratios: 1.79 (no manure), 3.06 (2.5 t/ha manure), 2.74 (5.0 t/ha manure)
Export of organic cumin, guar gum, sesame and psyllium brings about ₹20,000 million annually
Cost of production can be reduced up to 60% compared to conventional chemical farming.