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Aims: To evaluate the cost-returns and technical efficiency of both insured and non-insured farmers of chilli and cotton in the study area. Study Design: A comprehensive ex post facto study was conducted, collecting data through a stratified random sampling design in the selected villages within the study area. Place and Duration of Study: The study was carried out in the Prakasam district of Andhra Pradesh. The final sample size included 150 farmers, out of which 90 were insured and 60 were non-insured. The study was conducted during the 2023-24 period. However, the data was collected on the costs and returns of chilli and cotton farming during the 2022 Kharif season. Methodology: Cost concepts and stochastic frontier analysis were used to estimate cost returns and technical efficiency in chilli and cotton crops, respectively. Results: The study findings highlighted the significant benefits of crop insurance for farmers. Insured chilli farmers achieved higher yields (40.94 q/ha) and returns (Rs. 722181/ha) compared to non-insured farmers, who had lower yields (39.72 q/ha) and returns (Rs. 700308 /ha). Similarly, insured cotton farmers also experienced better results with higher yields (18.65 q/ha) and returns (Rs. 121280/ha) compared to non-insured cotton farmers, whose yields were 17 q/ha and returns were Rs. 110551 /ha. The technical efficiency of insured farmers (chilli-0.91 and cotton-0.81) was greater than non-insured farmers (chilli-0.84 and cotton-0.75). Conclusion: The current study highlights the vital role of crop insurance in improving the yield, farm income, and efficiency of both chilli and cotton farmers.
Naik et al. (Thu,) studied this question.
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