Mathematical modeling for factors estimation A Study with reference to groundnut cultivation

Abstract : The price of raw materials are the key factors in determining the price structure. Variation in the prices of output limits utilization of resources for maximization of profit. Groundnut is cultivated in the States like Maharashtra, Karnataka, Madhya Pradesh, Andhra Pradesh and Tamil Nadu in vast area of land. This study used primary data from a sample of 54 farmers of a village in Kanchipuram district who were groundnut cultivating farmers based on simple random sampling method. The regression result shows that if we increase labour by one hour the groundnut output reduces by 81.308 and hence it is labour intensive cultivation and for land if we increase it by one acre the output increases by 258.15 kg. An attempt is made in this study with a mathematical modelling for factors estimation for groundnut cultivation is attempted in a village at Kanchipuram which is highest producing district in Tamil Nadu.