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structure of different costs and their components Cost A1 + Rent Paid for leased in-land Cost A1 + Interest on value of owned fixed capital assets (excluding land) Cost B1 + Rental value of owned land (net of land revenue) and rent paid for leased-in land Cost B1 + imputed value of family labour Cost B2 + Imputed value of family labour Cost C2 + Additional value of human labour based on use of higher wage rate in consideration of statutory minimum wage rate. (This is an intermediate concept). Cost C2* + 10 percent of cost C2* to account for managerial input of the farmer
Cost B2
= = =
Cost C3
f land revenue)
t for managerial
Table-17: The structure of different costs and their components Cost A2 Cost B1 = = Cost A1 + Rent Paid for leased in-land Cost A1 + Interest on value of owned fixed capital assets (excluding land) Cost B1 + Rental value of owned land (net of land revenue) and rent paid for leased-in land Cost B1 Cost B2 + imputed value of family labour + Imputed value of family labour
Cost B2
= = =
Cost C2 + Additional value of human labour based on use of higher wage rate in consideration of statutory minimum wage rate. (This is an intermediate concept). Cost C2* + 10 percent of cost C2* to account for managerial input of the farmer
Cost C3
apital assets
f land revenue)
nt for managerial