Cost and Return Analysis of Planting Hom Thong Bananas in Muang District, Phitsanulok Province

Abstract

The purposes of this research were 1) to study cost and return analysis of planting Hom Thong Bananas in Muang district Phitsanulok Province, 2) to study the inherent problems and threats on the growing of Hom Thong Bananas in Muang Phitsanulok Province. The research study used a purposive sampling from 20 agriculturists. The data were collected by interviewing with structured interview and analyzed  by frequency, percentage and mean. Cost and return analysis comprised Break-Even Point (BEP), Net Present Value (NPV), Return on Investment (ROI), Internal Rate of Return (IRR) and Payback Period (PBP) with the use of descriptive analysis and information presentation. The research found that planting Hom Thong Bananas of agriculturists had the first investment of 45,101.45 baht per rai per year; the agriculturists got revenues after planting Hom Thong Bananas for 1 year. After having received income from the sale of Hom Thong Bananas, they had the average total cost of 20,880.43 baht per rai per year, which consisted of fixed costs of 5,937.58 baht and variable costs of 14,942.85 baht. Agriculturists had a total income of 43,113.98 baht per rai per year, with a net profit of 22,233.55 baht per rai per year. The yields from planting of Agriculturists had Break-Even Point (BEP) of sale Hom Thong Bananas was 10.97 baht per hand of bananas, Net Present Value (NPV) of 45,890.19 baht, Internal Rate of Return (IRR) of 7.19%, Return on Investment (ROI) of 1.06 and the agriculturists had to spend 2 years 10 months and 11 days for getting money back on investment paid. The inherent problems and threats on the planting Hom Thong Bananas were strong wind which resulted to the breakage of Hom Thong Bananas trunks, and followed by the shortage of water for cultivation, long drought and lack of soil fertility.