Walnut is a plant which does not need much labour and annual high operating costs. In general, walnut has been grown at the edge of the farmland by the recent years in Turkey. Besides, farmers perceived walnut as a secondary crops in Turkey. However, walnut production of Turkey is 10.79 percentage in the total World walnut production. This study covers a comparative economic analysis between walnut and its alternative crops grown in Niksar district of Tokat province. The data used in the study were obtained from 86 farms in the 12 villages by survey. In the study, it is determined that walnut is grown almost in every villages where gone to survey. But the production system is traditional and it is grown for family consumption rather than that of marketing. However, it has been observed that farmers have established walnut orchards by using culture species since last 5-6 years. In the study, firstly general circumstance of the walnut raising was tried to determine in the region. In the second step, the profitability between walnut and its alternative crops were compared to eachother. Net Present Value and Benefit-Cost Ratios were calculated in the study. According to result of the study, the Benefit-Cost Ratio of walnut were found out respectively 2.37 and 1.26. Besides, Net Present Value of the walnut is 5.91 times bigger than Net Present Value of the other alternative crops. These result have shown that walnut raising is more profitable than the others. However, it is known that walnut orchards application is pretty new and in the progress. The reason why walnut orchards are not common as much as expected might be small operated farm land, underestimate the economic importance of walnut and long time of the pre-yield period. The soil structure are suitable for growing walnut in the region. For these climate reason, there is strong need some extention services, application and establishment credits for the walnut raising.