A Comparative Economic Analysis of Maize Production Using Traditional and Hybrid Varieties of Seed: An Empirical Analysis

Abstract

Aim of the Study: Agriculture is the pillar of Pakistan’s economy. It encourages the development of other sectors and serves as a significant source of foreign exchange. The aim of this study is to explore a comparative economic analysis of maize production in District Swabi utilizing both traditional and hybrid seed varieties.

Method: A questionnaire was designed and used to collect primary data from 100 respondents who were traditional and hybrid maize growers in the three villages of Dagi, Maneri, and Lahor. For estimation using Cobb-Douglas production function.

Key Results: The findings show that traditional seeds cost Rs. 27905 per acre, whereas hybrid varieties cost Rs. 33705 per acre. The total revenues for both types of seeds are Rs. 29100 and Rs. 42600, respectively.

Conclusion: The R² is 0.93, which means that Area, Seed application, Irrigation, Fertilizers, Plough, and Herbicides account for 93% of the variation in Maize production. When compared to maize production using certified and uncertified seeds, certified seed farming generates a net profit per acre that is 154.20 percent higher. The yield of certified seeds used in maize farming is 44 percent greater for the straw and 45.45 percent higher for the grain compared to non-certified seed production. It demonstrates that hybrid maize cultivation is much more profitable than traditional maize production.

Implication: Growing maize using certified seeds is more beneficial to the producer's welfare than growing maize with conventional seeds.