139-Fall 2017 Final Exam 2 As you already know, rice is the most important crop
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139-Fall 2017 Final Exam 2 As you already know, rice is the most important crop in India in terms of area. production. and consumption. It is also the biggest source of greenhouse gas emissions among all crop Transplanting rice seedlings grown in nurseries to puddled soils is the dominant rice establishment in India. method of Community leaders in West Godavari- a district in Andhra P to introduce a new technology to sow rice that does not exist in any market in this region. e new technology is the drum seeder, a key piece of equipment for adopting direct- seeded rice. The technology requires 5kg of seed per acre and saves 12 person-days per acre. The yield increment is 200 kg per acre but requires 1,000 Indian rupees (INS) per acre in weedicides. The price for this technology in other parts of the country varies between 4,000 and 6,000 INS. You have been hired to conduct a Contingent Valuation Method study to measure the valu of this technology for farmers in West Godavari. Explain your answer in detail followir all the steps discussed in class. (12 pts)Explanation / Answer
The steps involved in the above process are been discussed below:
Step 1 Firstly we have to define the problem and here is West Godawari the rice market doesnot exist in that region so that they can introduce a new technology to sow the rice.
Step 2 To make the preliminary decision and here the decison would be the introduction of new technology to sow the rice in the market of West Godawari.
Step 3 Then we have to actual design the survey i.e what the men we required, the acres for the sow or rice, how many kg of seed required etc,
Step 4 Then to implement it as the price in INS is 1000 and prices for this in other country would be 4000 and 6000 INS. So we have to compare that.
Step 5 The final step is to compile the report, analyse the report and finally on the basis of this we have to make the result.
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