Abstract

Growth and Trends of Milk Procurement in Mysuru District: A Trend Analysis

Siddappaji D

Volume: 14 Issue: 4 2024

Abstract:

The present study entitled “Growth and Trends of Milk Procurement in Mysuru District: A Trend Analysis” examines the growth pattern and trend behaviour of milk procurement over the period from 2012–13 to 2020–21. The study is based on secondary time series data collected on milk procurement and primary data gathered from 140 sample respondents in the study area. Various statistical tools such as trend analysis, regression analysis, percentage analysis, Compound Annual Growth Rate (CAGR), and Garrett’s ranking technique were employed for meaningful interpretation of the data. The results of the study reveal that milk procurement in Mysuru District has shown a consistent upward trend, increasing from 324,622 litres in 2012–13 to 611,156 litres in 2020–21. The regression analysis indicates a strong linear growth pattern with a high coefficient of determination (R² = 0.9478), suggesting that time is a significant factor influencing milk procurement. The estimated Compound Annual Growth Rate (CAGR) of 8.23 percent further confirms a steady and sustainable growth in procurement over the study period.

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References

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