Financial feasibility for the establishment of a fattening-buffalo grazing production system
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| Autores: | , , |
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| 格式: | artículo original |
| 状态: | Versión publicada |
| Fecha de Publicación: | 2008 |
| 实物特征: | Technical, financial feasibility, andriskanalysis for a fattening buffalo grazing production system establishment, were evaluated. The project initiated with 10 buffaloes at 250 kg initial body-weight; after 12 months the animals’ body weight was 500 kg. Financial analysis was done using the capital budget methodology, which considers nominal cash flows, and the financial profitability indicators: internal rate of return (IRR), net present value (NPV), cost/benefit ratio (C/B), and investment recovery period (IRP). The sensibility analysis was carried out with the Hertz technique or multidimensional analysis; therefore, operating cost per animal, daily weight gain, final weight, and animals produced per year were used to get the IRR and NPV. On the other hand, daily weight gain, purchase and sale animal prices, and capital cost were used to determine the economic risk, through a Monte Carlo simulation technique also known as Statistics Test Methodology. As a result of the analyses, the IRR, NPV, and recovery period were 10.9%, -¢356.556, and 8.4 years, respectively. These results make the exploitation non-viable, due to a lack of profitability and the poor cash generated. Besides, it was determined that daily weight gain per animal is the variable that influences the most the probability of gaining a positive NPV. |
| País: | Portal de Revistas UCR |
| 机构: | Universidad de Costa Rica |
| Repositorio: | Portal de Revistas UCR |
| 语言: | Español |
| OAI Identifier: | oai:portal.ucr.ac.cr:article/6719 |
| 在线阅读: | https://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719 |
| Palabra clave: | búfalos rentabilidad factibilidad relación costo/beneficio TIR VAN pastoreo Buffaloes profitability feasibility cost/benefit ratio IRR NPV grazing |