Results and discussions
Upon the assessment of the analyzed information, it is clear that farmer
in the region spent 40% of their investment in farming in financing the
operating costs. 10% was used in machineries and 20% were used on the
development of irrigation systems. Thirty percent was used in the
acquisition of planting materials and fertilizers among other inputs.
The production function is thus summarized as below
Cost= 0.4X10+0.1X2+0.2X3+0.3X4. This indicates the total costs that were
incurred by the farmers in the sugarcane production process. The 95%
confidence value for the computation indicated that its findings were
reliable. It is worth noting that all of the variables may be altered in
one way or another to come up with the most objective cost equation. On
the other hand, the total sales can also be expressed in the equation
sales = YP where y refers to the total units of sugarcane produced ion
kilograms and p is the price of one kilogram of the sugarcanes. The
implication is that 0.4X10+0.1X2+0.2X3+0.3X4= YP in order for the
organization to break even. This implies that the entity ought to
produce more than this if it is to generate profits. Sugarcane farming
in Khyber Pakhtunkhwa is only justified if the farmers can get high
level of returns in this activity as compared to other areas where they
could have directed their efforts. The typical income statement provided
by one of the respondents, which was highly similar in terms of patterns
to that of the other respondents in the study is as presented below