Table 1 Selected variables used in farm type identification and characterization
Variable | Description |
|---|---|
Education Index | Weighted average of formal education received by the household members (illiterate = 0, primary = 1, middle = 2, secondary = 3, higher secondary = 4, graduate = 5 and post-graduate = 6). |
Crop Diversification | Measured by Herfindahl Index; index varies from 0 to 1, ‘1’ - complete specialization and ‘0’ - perfect diversification (Malik and Singh [2002]) |
System Cost of Cultivation | Cost of all inputs used (in Indian Rupees), for all enterprises of the farming system including the cost of family labor |
System Gross Return | Total revenue earned (in Indian Rupees) from all the components of the farming system |
System Net Return | System Gross Return – System Cost of Cultivation |
Cost Benefit Ratio | Gross return from sale of output/Total cost of input used |