Analyzing The Technical Efficiency And Allocative Efficiency Of Farmers Growing Lotus Root In Soc Trang Province, Vietnam

Abstract

The study focuses on analyzing economic efficiency, technical efficiency (TE), allocative efficiency (AE) and profit (CE) in household lotus root cultivation in Soc Trang province, Vietnam. Along with that, Stata software is applied to estimate production efficiency. Research results show that lotus growing households have an average yield of 8.29 tons/ha; average profit reached 49,357,143 VND/ha; the average revenue/cost ratio is 174%; profit/cost ratio is 73% and profit/sales ratio is 42%. This is a quite encouraging result, showing that compared to other crops, lotus root has higher economic efficiency. In addition, the article also analyzes the limitations and causes of the limitations affecting the production efficiency of lotus growers in the province such as the ineffective use of fertilizers and pesticides, causing waste of time. fee. Farmers have not been trained in technical processes, so they have not applied technical learning to production to increase productivity and reduce costs. Harvesting is still quite manual, which is labor intensive and reduces the quality of tubers after harvest. From there, provide solutions as well as recommendations to local authorities and lotus growing households to increase productivity and reduce costs in order to improve the efficiency of lotus root production of lotus growers.