Abstract
In this chapter, we discuss saffron production from an economic perspective. Research shows that the amount of saffron available, its cultivation area, as well as its price have been increasing since 2010 in response to demand. In this chapter, we present results of studies conducted on economic efficiency in Iran indicating determinants of economic performance for saffron farms. The comparative advantage of saffron is analyzed using the policy analysis matrix. The results show that saffron production is profitable at both market and social prices. From an economic point of view, saffron production has advantages including requiring small size of land (it can be even cultivated in spaces among trees), providing work opportunities especially for women, and requiring nonadvanced equipment and less financial investment.
| Original language | English |
|---|---|
| Title of host publication | Saffron |
| Subtitle of host publication | Science, Technology and Health |
| Pages | 337-356 |
| Number of pages | 20 |
| ISBN (Electronic) | 9780128186381 |
| DOIs | |
| State | Published - Jan 1 2020 |
Bibliographical note
Publisher Copyright:© 2020 Elsevier Inc. All rights reserved.
Keywords
- Economic comparative advantage
- economic efficiency
- economic performance
- economic productivity
- policy analysis matrix (PAM)
- production function
- saffron
- saffron price
ASJC Scopus subject areas
- General Engineering
- General Agricultural and Biological Sciences
