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