• ISSN: 2301-3567 (Print)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly (2013-2014); Monthly (2015-2017); Quarterly (Since 2018)
    • DOI: 10.18178/JOEBM
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JOEBM 2020 Vol.8(3): 186-191 ISSN: 2301-3567
DOI: 10.18178/joebm.2020.8.3.635

An Assessment of Social Return on Investment Comparing Agroforestry System to Monocropping System in Uttaradit Province Thailand

Chichaya Changrian, Thavatchai Phimpho, and Sukajiradet Alongkorn
Abstract—This research aims to compare the social return on investment (SROI) of Long LapLae Durian farming in an agroforestry system and a mono-crop system in Uttaradit, Thailand. A purposive sampling approach was employed in this study. The population of the study was 8 households adopting agroforestry practices and 1 household adopting a monoculture practice in Ban Dan Na Kham Subdistrict, Muang District, Uttaradit Province, Thailand. The data were collected through interview forms and were analyzed using an SROI analysis calculated by taking social impact values derived from Long-Laplae Durian farming divided by its cost in the crop year 2017-2018. The values of both practices obtained were then compared. The opportunity cost was used to measure SROI instead of financial cost which comprised of having freedom to farm, living together with family members and relatives, food safety, good community relationship, knowledge exchanges, and the costs of activities arisen in durian farms. The results revealed that the SROI of durian farming in an agroforestry system was 98.33: 1; while the SROI of durian farming in a monocropping system was 66.47: 1, they would receive social impacts valued at 66.47 baht in return. This showed that the SROI of the agroforestry system was 31.86 baht higher than that of the monocropping farming. Food safety as well as living together with family members and relatives was not founded in the social impacts of the monocropping system. Therefore, agroforestry farming yielded social values to the community by promoting food safety and living together with family members. The government policy should promote agroforestry practices for economic and social development rather than promoting a mono-cropping practice which focuses on increasing the crop yields leading to only higher incomes.

Index Terms—Social return on investment, agroforestry system, monocropping system, long laplae durian.

Chichaya Changrian, Thavatchai Phimpho, and Alongkorn Sukajiradet are with Faculty of Management Science, Uttaradit Rajabhat University (URU), 53130 Thailand (e-mail: cchangrian@ gmail.com, nonny16@ hotmail.com, alongkorn18@ gmail.com).

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Cite:Chichaya Changrian, Thavatchai Phimpho, and Sukajiradet Alongkorn, "An Assessment of Social Return on Investment Comparing Agroforestry System to Monocropping System in Uttaradit Province Thailand," Journal of Economics, Business and Management vol. 8, no. 3, pp. 186-191, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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