Boro farmers suffer 40% fall in profit: BIGD survey | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Sunday
October 01, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
SUNDAY, OCTOBER 01, 2023
Boro farmers suffer 40% fall in profit: BIGD survey

Bazaar

TBS Report
06 July, 2020, 09:20 pm
Last modified: 06 July, 2020, 09:26 pm

Related News

  • Record revenue for Apex Footwear amid inflation, thanks to Eid sales
  • Weak taka slashes BBS Cables' FY23 profit by 88%
  • Krishibid Seed sees 24% lower profit in FY23
  • Unique Hotel's profit soars 92% riding on capital gain
  • 71.6% of Japanese firms eye expansion in Bangladesh

Boro farmers suffer 40% fall in profit: BIGD survey

The farmers reported facing many challenges during the outbreak including labour shortage, transport disruption, and financial constraint

TBS Report
06 July, 2020, 09:20 pm
Last modified: 06 July, 2020, 09:26 pm
Boro farmers suffer 40% fall in profit: BIGD survey

The agriculture sector – largest in Bangladesh considering its share of employment – will play a crucial part in the post-outbreak economic recovery. 

However, the harvest season of Boro rice – for which about 60 percent of the country's total cultivated land is allocated – coincided with the outbreak. 

So the Brac Institute of Governance and Development (BIGD) conducted a rapid survey on 2,834 Boro farmers.

BIGD Senior Research Fellow Dr Narayan Das presented the study findings at a webinar yesterday. 

The study was conducted through a nationwide phone survey.

Its purpose was to understand the Covid-19 effect on production, cost and profit of Boro farmers to analyse the challenges they faced and to recommend appropriate measures to support them. 

The survey respondents reported facing many challenges during the outbreak including labour shortage, transport disruption, and financial constraint. 

Although Boro yield this year is comparable to the one of the last year, the farmers experienced a 7 percent loss in production compared to the normal times.

They also experienced a 13 percent rise in production cost and a 17 percent increase in labour cost. 

Ninety-nine percent of the surveyed farmers had to sell paddy below the government-mandated price of Tk1,040 per maund. So their expected profit dropped by 40 percent.  

Nationally, it translates to a loss of 4.82 crore maunds – considering the expected Boro production – which amounts to approximately Tk3,687 crore.  

On average, the surveyed farmers sold paddy at Tk765 per maund, Dr Narayan said.

"So we need to draw the attention of policymakers to ensure that the farmers get a fair price." 

BIGD Executive Director Dr Imran Matin said, "We should also focus on setting up an efficient delivery mechanism for the government's credit programme for agriculture. A lot of work needs to be done here. And this area needs to be addressed very quickly to tackle the last-mile delivery challenges for support mechanisms."

Professor Emeritus MA Sattar Mandal, former vice-chancellor of the Bangladesh Agricultural University, ACI Seed Business Director Sudhir Chandra Nath, Agriculture Secretary Md Nasiruzzaman and former cabinet secretary and also a BIGDs Senior Advisor M Musharraf Hossain Bhuiyan were also present at the discussion as panellists.

Bangladesh / Economy / Top News

Boro farmers / suffer / profit / BIGD

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Paperfly aborts flight
    Paperfly aborts flight
  • TBS sketch
    Visa curbs apply to those trying to gag media: Peter Haas
  • Obaidul Quader speaking at a peace and development rally arranged by the Dhaka District Awami League in Keraniganj this afternoon (26 September), protesting terrorism, militancy, anarchy, ill-politics and anti-state conspiracy of the BNP and Jamaat. Photo: Collected
    Why does BNP appeal for Khaleda's release to a govt they deem ‘illegal’: Quader

MOST VIEWED

  • BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
    BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
  • File photo of Rooppur Nuclear Power Plant/UNB
    First batch of uranium reaches Rooppur
  • Photo: BCB
    Shakib says he hasn't spoken with Litton since he broke his bat
  • Photo: Courtesy
    'No responsible captain could do that': Shakib directly blames Tamim for Afghanistan series loss
  • Khaleda Zia moved back to cabin from CCU
    Khaleda Zia moved back to cabin from CCU
  • BCL activist killed, 20 injured in AL-BNP clash in Chattogram
    BCL activist killed, 20 injured in AL-BNP clash in Chattogram

Related News

  • Record revenue for Apex Footwear amid inflation, thanks to Eid sales
  • Weak taka slashes BBS Cables' FY23 profit by 88%
  • Krishibid Seed sees 24% lower profit in FY23
  • Unique Hotel's profit soars 92% riding on capital gain
  • 71.6% of Japanese firms eye expansion in Bangladesh

Features

Photo & Coffee Sketch: Touseful Isalm

A coffee conversation with Rumi

15h | Features
Photo: Collected

The top 3 smartwatches of 2023: A glimpse into the future

20h | Brands
In the Nannu Market area in Mirpur 11, there are 35 such shops that provide clothes-fitting services like shortening of pants, tightening of sleeves and shirts, and so on. Photo: Noor-A-Alam

How former RMG workers reinvent themselves as fitting tailors

18h | Panorama
Photo: Collected

Almost 30 years later, Friends merch is still ‘perfection’

20h | Brands

More Videos from TBS

Shakib-Tamim: From best friends to bitter enemies

Shakib-Tamim: From best friends to bitter enemies

10h | TBS SPORTS
Many urban workers are moving to villages

Many urban workers are moving to villages

11h | TBS Stories
How China is reaping the benefits of war without adding fuel to the fire?

How China is reaping the benefits of war without adding fuel to the fire?

12h | TBS World
90% of beggars arrested abroad are of Pakistani origin

90% of beggars arrested abroad are of Pakistani origin

14h | TBS World
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]