Estimating Economic Values of Land and Family Labor in Producing Rice

Document Type : Research Article

Authors

Gh. Dashti

A. Javadi

T. Aref Eshghi

Department of Agricultural Economics, Faculty of Agriculture, University of Tabriz

https://doi.org/10.22067/jead2.v1389i4.8191

Abstract

Abstract
Since about 34% of areas under rice cultivation in whole country is attributed to Gilan; in this study we pay attention to some economical dimensions, especially economic values of inputs in this region. Data were collected from 80 rice producers in 2007-2008. Consider to importance the parametric approach in production structure and factors demand, Applying Seemingly Unrelated Regression Estimation method, a translog profit function with the factors cost share equation estimated. Finally with Hotteling-Lemma, economic value for every hectare of land and family labor were 16000000 and 200000 (Rial), respectively. Therefore attention to this value can result to increase in profitability of rice production process.

Keywords

Economic value

Family labor

Land

Profit function

Rasht

Rice

20.1001.1.20084722.1389.24.4.4.3

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