However, in agriculture, farmers also use a lot of family labour and if their cost is imputed and added to cost A2, that concept is called cost A2+FL. But then there is also a comprehensive cost (cost C2), which includes not only imputed costs of family labour but also the imputed rent of owned land and imputed interest on owned capital. Certainly, it was not cost A2+FL. it was cost C2, though this was never spelt out in detail. It may be noted that cost C2 is normally 35-40 per cent higher than cost A2+FL.

Source: Indian Express February 05, 2018 18:38 UTC