Techno-economic feasibility and cost-benefit analysis of cultivating selected Ayurvedic medicinal plants (Curcuma longa, Emblica officinalis, and Semecarpus anacardium) in the semi-arid vertisols of Washim District, Maharashtra
摘要
There has been significant creation of demand for the availability of raw materials because of the structural shift in the global pharma industry and the consequent shift towards plant-based medicines. The erratic nature of crops such as cotton and soybeans has been a major factor in creating agrarian unrest in the Vidarbha region of Maharashtra, particularly the Washim District. The economic viability of domesticating medicinal species to replace wild harvesting is the focus of this research.
MethodologyUtilizing a secondary-data desk review approach based on the 2024–25 agricultural year, the researchers applied the ‘Standardized Cost Concepts’ (Cost A1 to Cost C3) developed by the Commission on Agricultural Costs & Prices (CACP). We conducted a comparative cost analysis of three distinct agricultural practices: High-Input Annual (Turmeric), Perennial Tree Crop (Amla), and Low-Input Agroforestry (Bhallataka) to generate Gross Returns, Net Income Levels, and Benefit–Cost ratios.
ResultsEach crop has an markedly different economic profile in terms of economic characteristics. With a very low B:C ratio of only1.13, turmeric turned out to be an exceptionally high-cost crop (CostC2 -₹2,65,312/ha). Although the crops have high liquidity, due to high expenditure on seeds and labor expenses, the profitability of the crops is affected. Amla, on the other hand, has also demonstrated exceptional strength in achieving an exceptionally high B:C ratio of 3.13, thus proving to be a dependable investment option despite the long gestation period of four years. With low input expenses, Bhallataka generated the maximum ROI to the farmer as the crop has the highest B:C ratio of more than 4.0; still, the danger allowance incurred in the collection of the caustic nuts restricts the cropped area of Bhallataka.
DiscussionData reveals the absence of any particular crop with enabling economic results. The “Portfolio Approach” is suggested by putting together the crops of Amla and Bhallataka for asset building with the crop of Turmeric for immediate cash flows. The policy paradigm requires the focus to shift away from primary agricultural subsidies for the development of post-harvesting infrastructures such as polishing units or facility centers to bridge the rural gap between gross earnings and net income.