Economic study on the export of cape gooseberry produced by Colombian indigenous communities in post-conflict areas to Spain and Europe

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ligia Gomez ◽  
Julian Duran ◽  
Isaias Tobasura
Keyword(s):  
Indigenous People ◽  
Net Present Value ◽  
Indigenous Communities ◽  
Financial Indicators ◽  
Internal Rate Of Return ◽  
Economic Study ◽  
Content Type ◽  
Post Conflict ◽  
Net Profit ◽  
Cape Gooseberry

PurposeThe purpose of this study is to estimate and analyze the production and export viability of organic cape gooseberry to Spain, cultivated by indigenous communities in post-conflict areas.Design/methodology/approachBased on interviews with indigenous people who grow organic cape gooseberry in post-conflict areas and information from official platforms, the data are systematized, and a matrix of costs, expenses, productivity and income from the production and export of Cape gooseberry is calculated. Financial indicators of profitability are calculated: net profit, net present value (NPV) and internal rate of return (IRR). Finally, with a regression model, the trend of the behavior of the quantity and cost of Cape gooseberry exports from Colombia to Europe and Spain is estimated.FindingsThe production and export of organic cape gooseberry is profitable for indigenous communities in post-conflict areas, favored by a special price on the European market and by the use of family labor in cultivation, which improves the profitability of the product. Because of these factors, it is likely to become an alternative to partially replace illicit crops in post-conflict areas.Research limitations/implicationsThis research was carried out in conflict areas, so conducting interviews in that territory put the integrity of the researchers at risk.Originality/valueStudies known about organic cape gooseberry production reveal the benefits of the fruit for human health, but not the viability of production and export to Spain. This study demonstrates the financial viability of the production and export of cape gooseberry grown by indigenous people and therefore constitutes an alternative for substituting illicit crops.

Participation of Indigenous employees in the Quebec's forestry sector: opportunities and barriers

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jean-Michel Beaudoin ◽  
Marie-Eve Dufour ◽  
Eve Desroches-Maheux ◽  
Luc Lebel
Keyword(s):  
Indigenous People ◽  
Design Methodology ◽  
Job Insecurity ◽  
Indigenous Communities ◽  
Structured Interviews ◽  
Theoretical Frameworks ◽  
Personal Problems ◽  
Content Type ◽  
Number Of Factors ◽  
Forestry Sector

PurposeThe purpose of this study is to better understand the factors influencing the attraction of Indigenous workers to the Quebec forestry sector.Design/methodology/approachUsing a collaborative approach, 64 semi-structured interviews were conducted between 2016 and 2018 with workers and stakeholders from three Indigenous communities in Quebec, Canada.FindingsThe results highlight the motivations for choosing a job in the forestry sector, including family and friends, attachment to the territory, financial necessity, the search for a challenge and a sense of pride. They also show some of the obstacles to holding a job in forestry, namely work–life conflict, transportation, job insecurity, education and personal problems.Social implicationsIndigenous people have a lower employment rate than non-Indigenous people, which can be explained by a number of factors that hinder their integration into the labour market. They nevertheless represent an interesting labour pool for companies working in the natural resources sector. This study sheds light on the opportunities and barriers to attract this workforce.Originality/valueThe study is one of the few to use theoretical frameworks focused on motivation and a qualitative approach to data collection in order to examine to examine the attraction of Indigenous workers to the forestry sector in Quebec (Canada) from a worker's perspective.

Financial impact of high land prices on the viability of winery startup projects

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Michael Santos ◽  
Vincent Richman ◽  
Aidong Hu
Keyword(s):  
Net Present Value ◽  
Weighted Average ◽  
Capital Budgeting ◽  
Investment Horizon ◽  
Internal Rate Of Return ◽  
Content Type ◽  
Land Prices ◽  
Practical Implications

Purpose Does it make economic sense to invest in winery startups with high land prices? This paper aims to apply a capital budgeting analysis for a startup project to investigate the role of land prices in the decision-making of a wine entrepreneur. Design/methodology/approach This paper uses a capital budgeting analysis to evaluate the value of a winery project using the six investment criteria: net present value (NPV), internal rate of return (IRR), modified IRR, profitability index, payback period (PB) and discounted PB. Findings This study finds that high land prices are economically justifiable (NPV is greater or equal to zero) when the weighted average capital cost is sufficiently low for investors who are able to diversify risks and with access to a cheap source of funds. Additionally, this study demonstrates that wine entrepreneurs need a long-term investment horizon because the recovery of the initial investment in winery startup projects takes many years. Research limitations/implications The startup winery projects are heavily influenced by wine pricing, production and cost assumptions. As a result, different assumptions made at other wine regions may result in slightly different outcomes for the acceptability of the wine startup projects. Practical implications High land prices are economically justified for investors and entrepreneurs with the ability to diversify risk and access to cheap financial resources. As such, land prices can be a critical obstacle for individual entrepreneurs who experience a lack of capital. Social implications In the famous wine regions of the world, high land prices may result in more wineries being owned by the capital rich wine conglomerates. Originality/value This paper provides estimations of land prices based on financial methods to discuss the justification of observed prices and the implications regarding the ability of investors and entrepreneurs to access capital.

scholarly journals Financial Evaluation, Under Conditions of Risk, in a Family Dairy Production System

2019 ◽  
pp. 1-10
Author(s):  
César Otaviano Penna Júnior ◽  
Rogério Figueiredo Daher ◽  
Paulo Marcelo de Souza ◽  
Niraldo José Ponciano ◽  
Gercílio Alves de Almeida Júnior ◽  
...  
Keyword(s):  
Milk Production ◽  
Production System ◽  
Net Present Value ◽  
Simulation Method ◽  
Appropriate Technology ◽  
Financial Indicators ◽  
Internal Rate Of Return ◽  
Family Farming ◽  
Major Interest ◽  
Before And After

Aims: This study analyzed, in comparative terms, the competitive potential of family farming using an intensive milk production system based on the intermittent stocking in irrigated tropical pasture; it also evaluated the financial results before and after the implementation of an appropriate technology in the intensification process. Study Design: The article is based on an opinion about a subject of major interest aimed at generating discussion.  Place and Duration of the Study: The study was conducted based on data collected from a family farming property located at the municipality of Alegre, State of Espírito Santo, Brazil, between 2011 and 2013. Methodology: Cash flow spreadsheets were organized, taken into consideration two deterministic scenarios (with and without the implementation of the proper technology), evaluated the net present value (NPV at 6%) and the internal rate of return (IRR). Subsequently, a sensitivity analysis was carried out, and, considering the items with the greatest contribution in the financial indicators, the Monte Carlo Simulation method was used, obtaining the risk in the decision to invest under each situation studied. Results: The results of NPV6%, estimated according to the opportunity costs of capital, and the IRR would exceed the values of alternative investments with returns of 6% by US$ 1,830.71 and would return the capital by 6.25%, respectively. Conclusion: It was concluded that the intensive pasture milk production system has potential to be an alternative for income generation for family farming.

scholarly journals Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights

2017 ◽  
Vol 47 (3) ◽  
Author(s):  
Edom de Avila Fabricio ◽  
Paulo Santana Pacheco ◽  
Fabiano Nunes Vaz ◽  
Daniel Batista Lemes ◽  
Angelina Camera ◽  
...  
Keyword(s):  
Net Present Value ◽  
Economic Feasibility ◽  
Financial Indicators ◽  
Internal Rate Of Return ◽  
Simple Linear Regression ◽  
Slaughter Weight ◽  
Feedlot Steers ◽  
Direct Benefits ◽  
Finishing Steers ◽  
Benefit Cost

ABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014), on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41); index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991); additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month); internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month). Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return.

Interactions between restoration and financial analysis: the case of Cuneo War Wounded House

2018 ◽  
Vol 8 (2) ◽  
pp. 145-161 ◽  
Author(s):  
Rita Fabbri ◽  
Laura Gabrielli ◽  
Aurora Greta Ruggeri
Keyword(s):  
Net Present Value ◽  
Financial Analysis ◽  
Economic Valuation ◽  
Flow Analysis ◽  
Cash Flows ◽  
Internal Rate Of Return ◽  
Discounted Cash Flow ◽  
Content Type ◽  
Built Heritage ◽  
Simple Strategy

Purpose The purpose of this paper is to examine the cross-sectoral collaboration between conservation and economic appraisal, and to process a financial analysis for private owners of a built heritage. Design/methodology/approach The methodology applied addresses the financial analysis of restoration through a discounted cash flow analysis, together with a life cycle costing. Costs and revenues are both analysed in this paper. Some energy-saving measures are applied to cut running costs and decrease the energy required by the building, using as reference the “Guidelines for improving energy efficiency in cultural heritage” drafted by MiBACT, which considers the respect of restoration principles. In order to increase revenues, part of the building is rented. The attractiveness of the investment opportunity is valued through the calculation of the net present value of cash flows, the payback period and the internal rate of return. Findings The paper offers a simple strategy for the planning of cost-revenues, preventively allowing verification if the conservation is economically feasible and if the owners can afford the operation. The strategic planning will give the owners the chance of maintaining the property of their building and achieve a proper restoration on it. Originality/value The novelty of the paper is the study of cooperation between conservation and economic valuation, but also the focus on a specific portion of twentieth-century heritage, the war-wounded houses, which represent a widespread patrimony, on which it is not clear how to operate yet.

scholarly journals Estimated Cost of Production for Medical Cannabis (Cannabis sativa L.) in Greece

2020 ◽  
Vol 77 (1) ◽  
pp. 33
Author(s):  
Chariklia CHATZIGIANNI ◽  
Ioannis ROUSSIS ◽  
Christos T. PAPADAS ◽  
Stella KARIDOGIANNI ◽  
Varvara KOUNELI ◽  
...  
Keyword(s):  
Net Present Value ◽  
Cannabis Sativa ◽  
Public Awareness ◽  
First Year ◽  
Internal Rate Of Return ◽  
Medical Cannabis ◽  
Present Value ◽  
A Value ◽  
Start Up ◽  
Net Profit

In recent years, cannabis has raised public awareness in many countries worldwide about its medical uses. The European cannabis market reached its peak during 2018 with investments of 500 million €. Greece introduced Law 4523/2018, which regulates the production and processing of medical cannabis. A start-up business plan was drawn up for a medical cannabis operation owned a 1 ha greenhouse to estimate the start-up costs and the costs of cultivating and processing medical cannabis under greenhouse conditions in Greece. The results of the present study revealed that the investment was estimated at 4,960,044 €. Net profit in the first year amounted to 3,584,621.70 €, while the annual net profits from the second to the tenth year amounted to approximately 7.07 billion. The Net Present Value with a value of 45,425,241.24 € is positive and the internal rate of return (IRR) is 94.14%, which means that the investment can be characterized as profitable.

scholarly journals Economic Analysis of Thyme (Origanum Syriacum) Production for Smallholder Farmers

2021 ◽  
Vol 923 (1) ◽  
pp. 012001
Author(s):  
Baraa Munir Almansour ◽  
Ghaith Amin Ali
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Smallholder Farmers ◽  
Internal Rate Of Return ◽  
Aromatic Plants ◽  
Present Value ◽  
Medicinal And Aromatic Plants ◽  
Short Period ◽  
Net Profit ◽  
Good Number

Abstract Cultivation of medicinal and aromatic plants significantly contribute to affordable healthcare and livelihood security. This study aims to investigate the economic analysis of Syrian oregano (Origanum syriacum) production with total area of 1000 m2, depending on some standard economic indicators. The results showed that the annual net profit constitutes 56% of the total annual revenues. Furthermore, the net present value after six years was a positive value, and the index of profitability was 2.71, which confirms the economic viability of this project. The internal rate of return (IRR) reached 90.67%, which is a good number compared to the bank interest rate. Although this project does not occupy large areas, (a small possession 500-2000 m2 is sufficient for its establishment), but it is able to achieve guaranteed profits within a short period. Therefore, Thyme cultivation should be expanded by providing small farmers the necessary technical support and drawing their attention to economic efficiency of such project.

scholarly journals WOOD DRYERS: A SUSTAINABLE ALTERNATIVE FOR INCREASED CHARCOAL PRODUCTION

FLORESTA ◽  
2019 ◽  
Vol 50 (1) ◽  
pp. 943
Author(s):  
Clarissa Gusmão Figueiró ◽  
Angélica de Cássia Oliveira Carneiro ◽  
Lucas De Freitas Fialho ◽  
Mateus Alves Magalhães ◽  
Gabriel Browne de Deus Ribeiro ◽  
...  
Keyword(s):  
Net Present Value ◽  
Rate Of Return ◽  
Economic Viability ◽  
Financial Indicators ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Charcoal Production ◽  
Wood Moisture ◽  
Technical Feasibility ◽  
Combustion Gases

The aim of the study was to evaluate the technical and economic viability of a wood dryer in the charcoal production. Drying was carried out for 72 hours using wood from Eucalyptus sp. in two classes of diameter. The average admission temperature of combustion gases in the dryer was 100-150ºC. It was determined the mass of water withdrawn by drying and estimated the amount of wood that would be consumed during the pyrolysis to remove the same amount of water, being this wood converted into charcoal mass. In the economic analysis were determined the indicators net present value, internal rate of return and discounted payback. The dryer presented technical feasibility, reducing wood moisture by 8% and, consequently, increasing the charcoal productivity by 3.3%, and economic viability, with good financial indicators for current market conditions, including a discounted payback of 6 years. In this way, the use of a wood dryer was presented as an efficient way to take advantage of an environmental liability of pyrolysis, which contributes to the increase of sustainability in the charcoal production.

“No one will be left behind?” Taíno indigenous communities in the Caribbean and the road to SDGs 2030

2020 ◽  
Vol 12 (3) ◽  
pp. 305-320
Author(s):  
Johnnel Smith ◽  
Andrew J. Spencer
Keyword(s):  
Indigenous People ◽  
Qualitative Interviews ◽  
Indigenous Communities ◽  
Christopher Columbus ◽  
Content Type ◽  
The Sustainable Development ◽  
The Road ◽  
Study Approach ◽  
Development Goals ◽  
The Caribbean

Purpose This paper aims to investigate the existence of the Taíno people in Cuba and Jamaica and their alignment with the sustainable development goals (SDGs) of 2030. The Caribbean has long had a narrative that the indigenous people – the Taíno – were made extinct after their encounter with Christopher Columbus in the 1500s. However, recent theoretical and empirical data have documented the survival and existence of indigenous people throughout the Caribbean. The goal of this paper is to contribute to a new narrative on Caribbean indigenous communities by documenting their current needs and challenges in achieving sustainability. It further recommends practical ways in which indigenous communities can be included in plans/goals for sustainability to ensure full alignment for the betterment of their people. Design/methodology/approach This paper takes a qualitative case study approach coupled with a literature review of the Taíno of the Caribbean. Qualitative interviews were conducted with Caciques/Kasikes (Tribe Leaders) and members of Taíno communities in Jamaica and Cuba. Findings The members of the indigenous communities’ view community-based/indigenous tourism as a solution to preserve and sustain their heritage and provide income for their people; they provide strong recommendations on how this may be achieved in keeping with the 2030 SDGs. Originality/value Academic literature that documents the modern day existence and experiences of the Caribbean indigenous people, especially in Cuba and Jamaica, is a clear gap. The goal of this paper is to provide a new theoretical framework/narrative on Caribbean indigenous communities and suggest practical ways in which they can be further integrated with tourism to ensure full alignment for the betterment and sustainability of their people.

scholarly journals ANALISIS USAHA BUDIDAYA IKAN NILA PADA CV. TIGA MAS DI DESA TALAWAAN KECAMATAN TALAWAAN KABUPATEN MINAHASA UTARA

2017 ◽  
Vol 5 (9) ◽  
Author(s):  
Julita G.L. Pantow ◽  
Siti Suhaeni ◽  
Martha Wasak
Keyword(s):  
Net Present Value ◽  
Variable Cost ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Operating Profit ◽  
Net Profit ◽  
Break Even Point ◽  
Benefit Cost

AbstrakPenelitian ini bertujuan untuk mengetahui kelayakan usaha budidaya ikan nila (oreochormis niloticus ) Pada CV. Tiga Mas Di Desa Talawaan Kecamatan Talawaan Kabupaten Minahasa Utara berdasarkan analisis kelayakan usaha untuk menentukan Operating Profit (OP), Net Profit (p ), Profit Rate (PR), Benefit Cost Ratio (BCR), Rentabilitas, Break Even Point (BEP), Payback Period (PP), Net Present Value (NPV), Internal Rate of Return (IRR), dan Sensitivitas. Hasil analisis usaha budidaya ikan nila pada CV. Tiga Mas layak untuk dijalankan karena nilai OP mencapai Rp 350.064.000 ; NP sebesar Rp.108.826.500 ; PR mencapai 25,62% ; Nilai BCR 1,26%; nilai rentabilitas 37,92%; BEP atau titik impas penjualan Rp.365.511.364 dan BEP satuan 17.405 kg, dengan tingkat pengembalian investasi selama 2 tahun 9 bulan 4 hari. Hasil analisis diperoleh NPV 579.128.084,63, IRR 27,19% dan sensitivitas penurunan harga jual 19,01%, penurunan produksi 19,01% serta kenaikan variable cost 55,85%. Berdasarkan perhitungan tersebut makas usaha budidaya ikan nila pada CV. Tiga Mas layak untuk dijalankan. Kata kunci: budidaya, finansial, dan kelayakan

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