Economic Assessment of Hybrid and Non-Hybrid Maize Crop in Sahiwal Division Under Changing Climate
DOI:
https://doi.org/10.61506/01.00446Keywords:
Climate change, Hybrid and non-hybrid maize crop, Net farm income revenue, Stake holders, Ricardian analysis, Sahiwal DivisionAbstract
It is a fine admissible verity all over the world that the changing climate exerts influence on all the kinds of survivals. As an agricultural based economy Pakistan rely on well-being of agriculture and it makes huge contribution in the gross domestic product (GDP) of Pakistan. Agriculture totally nature based and it is straight exaggerated by the exchange behavior of different climatic variables i.e. humidity, rainfall as well as temperature. Minor alter in one of these variables can cause extreme alter in the production of crops and the country’s economy damaged in the result of yield loss. This study will be focused on climate changing impact on hybrid as well as non- hybrid maize crop within Sahiwal division, in the province of Punjab, Pakistan. Sahiwal division is the well-known agricultural production location and on the other side, it is very sensitive to climate change. That is the reason behind the study of the economic assessment of hybrid and non-hybrid maize crop under the climate change in Sahiwal division. With the help of arranged set of questions, check the impact of crop production on net farm revenue and Ricardian analysis operated to quantify the supposed impact due to changing climate. After estimating net farm revenue, it is a regressed against climate, soil and socio-economic variables. Study helps out in assessing the climate changing impact on hybrid as well as non-hybrid maize crop and plus suggesting adoption practices to farmers and thus giving reasonable policy support in the end.
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