The low productivity per acre in Indian agriculture, in comparison with other countries of the world, has received the attention of many economists. It is sometimes attributed to the inadequacy and/or inefficient use of capital and other factor inputs, but empirical verifications of this hypothesis are not very frequent. An attempt is made in this study to estimate and compare the productivity of carious forms of capital used on three types of farms, namely, paddy, sugarcane and wheat famr sin Saharanpur and Meerut districts of Western Uttar Pradesh with a view to providing some relevant information to the policy makers who in turn may assess the possibilities of intensifying the resources in areas where the specific resourves command higher productivity. A knowledge of prices and the marginal productivities of various resources will serve as an important guide to prescribe the directions of the shift of resourves from one use to another on the same type of farms or from one type of farms or areas to another.