Cost and Return on Rice RD15 Farming by the Farmers in Pong Srinakron Village, Rong Chang Sub-district, Pa Daet District, Chiang Rai Province

Abstract

This research aimed to study cost and return on rice RD15 farming by the farmers in Pong Srinakron village, Rong Chang Sub-district, Pa Daet District, Chiang Rai Province. Data were collected from 74 agriculturalists who farmed more than 1 Rai (unit of area equal to 1,600 square meters) by interviewing with questionnaires. Non-Probability Sampling was applied in this research and Probability sampling using Accidental sampling method was employed to be collecting method. Data during growing season, July – November 2015, were computed. Frequency, mean and percentage were used as statistical analysis and the Paired Sample t-test was used to test hypothesis. Results of cost and return indicated that total average cost was 4,420.25 baht per rai. Gross profit margin is 2,766.80 Baht per Rai. Net profit margin was 53.88 %. Three types of cost found that material coast was 10.77 %. Direct labor cost was 15.38 % and manufacturing overhead cost was 73.85%. Results of hypothesis analysis found that return on Thai rice RD15 Farming was higher than cost at the significant level of 0.05.