International Journal of Bioresource Science
  • Year: 2015
  • Volume: 2
  • Issue: 3

Price premium is the prime factor of organic farm's profit in West Bengal

Agro-Economic Research Centre, Visva Bharati University, Santiniketan, West Bengal, India

*Corresponding author: ranjanbiswas2006@rediffmail.com

Online published on 27 February, 2017.

Abstract

Organic farming is an approach to sustainable agriculture with devoid of chemical inputs. If 16 essential nutrients required for plant growth could be applied in proper quantities/doses through organic inputs, yield of crops does not decrease. The present study indicates that despite higher cost of cultivation, the production was lower in organic than inorganic system. But price of the organic product was higher than inorganic, which leads organic farm's profitability. Besides, there exists a definite positive association between consumer's monthly income and his willingness to pay higher price for organic products.

Keywords

Inorganic farming, organic farming, quality of product, price premium, consumer's willingness