Year: 2024 | Month: June | Volume 69 | Issue 2
Economics of Milk Production of Local Cows in Bhagalpur
District of Bihar
Ram Kumar Mandal
Sandeep Kumar*
Ramnath Kumar Ray
Ajay Kumar
Shalani Kumari
Revanasiddappa Bhawar
DOI:10.46852/0424-2513.3.2024.12
Abstract:
Given that most Indians consume vegetarian food, their demand for dairy products has been growing gradually and is anticipated to do so in the future. A list was made based on the cumulative square root and the size group of milk producers, namely small, medium, and large, in order to distinguish between Dairy Cooperative Society (DCS and Non-DCS) populations. The sample size was calculated using the Taro Yamane method to be 278 samples from 912 milk producer populations in the chosen six villages of each block. The overall farm costs C were estimated to be ` 36.28 thousand, with the small farm ` 36.50 thousand spending the most, followed by the medium farm spending in ` 36.47 and the large farm spending of ` 33.86 thousand. The overall farm cost of milk production was estimated to be 29.17 per Kg, which varied from ` 33.25 per Kg of small farms to ` 32.15 per Kg of medium farms to ` 28.47
per Kg of large farms. The average gross return per cow for the overall farm was in ` 44.85 thousand per year, which varied from ` 44.23 thousand for small farms to ` 45.86 thousand for medium farms to ` 48.58 thousand for large farms.
Highlights
- As the size of the local cow raising increased, the cost of production of milk per liter of trended downward. The cash flow statement of BCR, NPV, and IRR showed a favourable correlation between operational costs and investment costs in the production of local cow milk.
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