Profitability of the Maize growing : Case study of Rai Uthai Tumbon Maecharao Amphoe Maelamad Tak Province

Abstract

          This research aims to study the profitability of maize growing of farmer’s case study of Rai Uthai Trumbo Maecharao Amphoe Maelamad Tak Province. Data were collected using questionnaires and interviews. Data collection period is 1 year. (1 January - 31 December 2018) All data were collected and analyzed with several descriptive statistics, such as frequency, percentage and financial ratio. Financial ratio analysis consists of profit (loss), profit margin on sales, return on investment and payback period. This research found that farmers have more than 20 years of experience in maize growing and have 50 rai of their own land. Most farmers have 95 percent of private capital and comes from a 5% village fund loan. The results of operations for a period of 1 year yield of 900 kg per rai with average production cost of 2.191 baht per rai and with average revenue of 7,570 baht per rai, as well as with average net profit   of 5.379 baht per rai. So, the return net profit margin was 71.06 percent and return on investment was 245.50 percent. The payback period of approximately 5 months. Therefore, farmers having their own land earn and is interested in growing maize are an alternative way to create good profitability. In addition, farmers must consider other factors including climate experience and national policy.