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.
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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.