Profitability Analysis for Rice
| MINISTRY OF FOOD AND AGRICULTURE POLICY PLANNING MONITORING AND EVALUATION DIRECTORATE (PPMED) AGRIBUSINESS UNIT | ||||
| AGRO ECOLOGICAL ZONE | SOUTHERN GHANA (SOGAKOPE) | |||
| NAME OF COMMODITY | RICE FOR 1 CROPPING SEASON (MAJOR SEASON) | |||
| DATE OF COLLECTION OF DATA | OCTOBER, 2020 | |||
| UNIT/MANDAYS/ CONTRACT | UNIT COST (GH¢) | FREQUENCY | TOTAL (GH¢) | |
| A) LAND RENT | 1 | 200.00 | 1 | 200.00 |
| B) LABOUR COST | ||||
| I) LAND PREPARATION | ||||
| • Land Clearing | ||||
| √ Manual | 4 | 37.50 | 1 | 150.00 |
| √ Chemical (Application) | 1 | 35.00 | 1 | 35.00 |
| • Ploughing | 1 | 200.00 | 1 | 200.00 |
| • Harrowing | 1 | 100.00 | 1 | 100.00 |
| II) PLANTING / SOWING | ||||
| • Lining and Pegging + Sowing (Seeding) | 1 | 350.00 | 1 | 350.00 |
| III) WEED CONTROL | ||||
| • Manual | 1 | 100.00 | 1 | 100.00 |
| • Chemicals | ||||
| √ Post emergence | 1 | 20.00 | 1 | 20.00 |
| IV) FERTILIZER APPLICATION | ||||
| • NPK | 1 | 40.00 | 1 | 40.00 |
| • Urea | 1 | 20.00 | 1 | 20.00 |
| V) PEST AND DISEASE CONTROL | ||||
| • FAW / Blast | 1 | 20.00 | 1 | 20.00 |
| • Others (scaring of birds) | 1 | 5.00 | 30 | 150.00 |
| VI) HARVESTING | ||||
| • Harvest | 1 | 200.00 | 1 | 200.00 |
| • Gather at central point | 1 | 50.00 | 1 | 50.00 |
| VII) POST HARVEST | ||||
| • Threshing | 1 | 200.00 | 2 | 400.00 |
| • Drying | 1 | 25.00 | 3 | 75.00 |
| • Winnowing | 1 | 80.00 | 1 | 80.00 |
| • Bagging | 32 | 2.50 | 1 | 80.00 |
| INPUTS | QUANTITY | |||
| • Weedicides -selective | 1 | 55.00 | 1 | 55.00 |
| • Weedicides -non selective | 1 | 16.00 | 1 | 16.00 |
| • Pesticides/Fungicides | 1 | 30.00 | 1 | 30.00 |
| • Fertilizer | ||||
| √ NPK (50Kg) (Subsidy) | 1 | 84.00 | 1 | 84.00 |
| √ Urea (Subsidy) | 1 | 80.00 | 1 | 80.00 |
| • Cutlass | 1 | 25.00 | 1 | 25.00 |
| • Plastic Sheets/Tarpaulin** | 3 | 5.00 | 5 | 75.00 |
| • Sacks | 32 | 2.50 | 1 | 80.00 |
| • Rope (Line ) | 1 | 10.00 | 1 | 10.00 |
| • Knap sack** | 1 | 15.00 | 5 | 75.00 |
| • Wellington boots* | 1 | 60.00 | 1 | 60.00 |
| • Shovel | 2 | 27.00 | 1 | 54.00 |
| • Seed (Subsidy) 30kg+15kg | 45 | 3.00 | 1 | 135.00 |
| • Head pan | 2 | 30.00 | 1 | 60.00 |
| TOTAL EXPENDITURE | 3,109.00 | |||
| REVENUE | ||||
| Number of bags harvested Acre (x) | 1 | 32 | 1 | 32.00 |
| Average weight of bag (size 4/84kg) | 84kg | |||
| Price per bag (z) | 1 | 130.00 | 1 | 130.00 |
| Total Revenue (x.z ) | 4,160.00 | |||
| Net Profit (Loss) | 1,051.00 | |||
| Return On Investment (R.O.I) (%) | 33.81 | |||
| *Depreciated Amount | ||||