Version 1
: Received: 15 January 2024 / Approved: 15 January 2024 / Online: 16 January 2024 (09:40:34 CET)
How to cite:
Buragohain, P.P.; Dutta, A. Economic Analysis of Agarwood Cultivation in Assam, India: An Empirical Investigation. Preprints2024, 2024011162. https://doi.org/10.20944/preprints202401.1162.v1
Buragohain, P.P.; Dutta, A. Economic Analysis of Agarwood Cultivation in Assam, India: An Empirical Investigation. Preprints 2024, 2024011162. https://doi.org/10.20944/preprints202401.1162.v1
Buragohain, P.P.; Dutta, A. Economic Analysis of Agarwood Cultivation in Assam, India: An Empirical Investigation. Preprints2024, 2024011162. https://doi.org/10.20944/preprints202401.1162.v1
APA Style
Buragohain, P.P., & Dutta, A. (2024). Economic Analysis of Agarwood Cultivation in Assam, India: An Empirical Investigation. Preprints. https://doi.org/10.20944/preprints202401.1162.v1
Chicago/Turabian Style
Buragohain, P.P. and Anshumi Dutta. 2024 "Economic Analysis of Agarwood Cultivation in Assam, India: An Empirical Investigation" Preprints. https://doi.org/10.20944/preprints202401.1162.v1
Abstract
Agarwood, a highly valuable fragrant wood of Aquilaria spp. has been widely used in perfumes, traditional medicine, religious rites and cultural activities.Due to the presence of aromatic and medicinal properties, the Agarwood has gained its economic importance in recent years. It has been providing livelihood and employment facilities to many people who are cultivating those. Owing to high demand and profitability, the people of Assam has started to cultivate Agarwood in a commercial manner in recent days. This study was conducted to examine the economic viability of Agarwood cultivation in Assam and to understand the problems of the cultivators to consider Agarwood cultivation as the primary source of income. The primary data were collected during the months of May and June, 2022 from 210 households using structured questionnaire. The cost-benefit analysis revealed that INR 100 of initial investment yields a net benefit of INR 623 which indicates that the return from the Agarwood cultivation among the cultivators are very high. Thus, the present study argues that the government should encourage the cultivators by providing the necessary support in the form of a legalized market, credit requirement, creating the awareness about the demand of Agarwood and making provision of training.
Keywords
agarwood; economic viability; net present value; benefit cost ratio; internal rate of return; Upper Assam
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
