Overview

Original Research

TAPPING THE POTENTIAL: AN ECONOMIC EVALUATION OF CONTRACT FARMING IN TAMIL NADU COTTON SEED SECTOR

A DURGA DEVI 1, and Dr. M RAJESWARI 2.

Vol 18, No 10 ( 2023 )   |  DOI: 10.5281/zenodo.10089726   |   Author Affiliation: Research Scholar, Department of Economics, Annamalai University, Tamil Nadu, India 1; Assistant Professor, Department of Economics, Annamalai University, Tamil Nadu, India 2.   |   Licensing: CC 4.0   |   Pg no: 1653-1660   |   Published on: 27-10-2023

Abstract

In many developing nations, contract farming has become a popular agricultural production model, bridging the gap between farmers and agribusinesses while fostering economic growth and improving farmers' living standards. This study examines the economic effects of contract farming on farmer income, agricultural production, and general economic growth in Tamil Nadu cotton seed industry. In order to give a thorough evaluation of the consequences of the contract farming system on diverse stakeholders, the study combines quantitative and qualitative methodologies, including surveys, interviews, and secondary data analysis. The results show that contract farming has the potential to considerably contribute to the growth of the agricultural sector in Tamil Nadu, with implications for more general agricultural policy and practice.

Keywords

Contract Farming, Agricultural Production, Agribusiness, Tamil Nadu, Economic Growth.