Cost-return and technical efficiency of rice production in the Ban Nong Saeng Rice Mill Community Enterprise, Chachoengsao Province, Thailand

Abstract

The research findings showed that to attain a break-even point, farmers needed to consider strategies to augment yield by approximately 70 kilograms per rai. The evaluation of technical efficiency revealed a varied range of levels amongst farmers, spanning from 0.28 to 0.99, with an average of 0.32. These values indicated that farmers were only partially harnessing the potential of their production factors and the opportunity to enhance their overall production efficiency. In conclusion, the study advanced to understand rice production economics within the context of community enterprises. The insights gained from the analyses contributed to discussions surrounding optimal resource allocation, enhancing production efficiency, and identifying strategic interventions to improve the profitability and sustainability of rice production.