Journal of Current Research in Food Science
2024, Vol. 5, Issue 1, Part A
Economic analysis of medicinal and aromatic plants: The case of financial feasibility analysis of basil cultivation for fresh and dry biomass production in Ethiopia
Author(s): Guta Bukero Geyo, Melkamu Tilaye and Zeyituna Abe
Abstract: This study was conducted at Wondo Genet Agricultural Research Center experimental field from August 2018 to December 2018. The study was undertaken to examine the financial feasibility of Basil-I, Basil-III, and Basil-V genotypes for dry biomass and fresh biomass production. For this study, each genotype of Basil was planted on 100 m2 areas of land with an intra and inter-row spacing of 60 cm. All cost and benefit data were collected during the cultivation period by preparing data collection sheets. A simple benefit-cost ratio (BCR) was used to analyze the feasibility of basil genotype production. The simple benefit-cost ratio of production of Basil-I, Basil-II, and basil-V dry biomass production was ETB 1.39 per hectare, ETB 1.44 per hectare, and ETB 1.57 per hectare respectively; which indicates that a 1 ETB outlay for Basil-I, Basil-III and basil-V results to gain a net return of ETB 0.39, ETB 0.44 and ETB 0.57 per hectare respectively. The simple benefit-cost ratio of production of Basil-I, Basil-III, and basil-V fresh biomass production were ETB 15.11, 19.82, and 19.51 per hectare respectively, which indicates that a 1 ETB outlay for Basil-I, Basil-III and basil-V production results to gain a net return of ETB 14.11, 18.82 and 18.51 per hectare. The aforementioned results revealed that the production of Basil genotypes is financially feasible in both dry and fresh biomass productions.
Pages: 13-17 | Views: 159 | Downloads: 83
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How to cite this article:
Guta Bukero Geyo, Melkamu Tilaye, Zeyituna Abe. Economic analysis of medicinal and aromatic plants: The case of financial feasibility analysis of basil cultivation for fresh and dry biomass production in Ethiopia. J Curr Res Food Sci 2024;5(1):13-17.
