scholarly journals Economic effects of investment in dairy farming

2020 ◽  
Vol 2 (2) ◽  
pp. 135-146
Author(s):  
Jonel Subić ◽  
Lana Nastić ◽  
Svetlana Roljević-Nikolić
Keyword(s):  
Dairy Cows ◽  
Milk Production ◽  
Net Present Value ◽  
Dairy Farm ◽  
Dairy Farming ◽  
Economic Effects ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Dynamic Methods ◽  
Main Paper

Dairy farming is the most significant part of cattle raising. During the previous several years the volume of milk production has been maintained at a stable level, while there came to fall in number of dairy cows and number of farms engaged in dairy farming. Although the farms that own just a few heads of dairy cows usually step out the milk production, there are still a small number of farms specialized in dairy farming. The main paper objective is to present the economic effects of investment in the construction and equipping of dairy farm adequate for raising of 12 dairy cows. Economic analysis was based on the use of static and dynamic methods for investment assessment. Besides, there is also conducted the analysis of investment under the risk conditions (use of the break-even analysis). According to gained results (e.g. Internal rate of return, 11.98%, positive value of the Net present value, Payback period shorter than 5 years) the investment implementation is economically justified.

Potential impacts of negative associative effects between concentrate supplements, pasture and conserved forage for milk production and dairy farm profit

2013 ◽  
Vol 53 (5) ◽  
pp. 437 ◽  
Author(s):  
C. K. M. Ho ◽  
B. Malcolm ◽  
P. T. Doyle
Keyword(s):  
Milk Production ◽  
Net Present Value ◽  
Dairy Farm ◽  
Rate Of Return ◽  
Farm Size ◽  
Feeding System ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate ◽  
Operating Profit

A case study and whole-farm modelling approach was used to examine the potential impacts of negative associative effects on milk production and economic performance of two dairy farms in northern Victoria. The two case studies differed in herd and farm size, calving pattern, forages grown and use of labour, but both had production systems based on grazed pasture, grain fed in the dairy at milking and conserved hay fed out in the paddock. The feeding system of each farm was altered by implementing a partial mixed ration (PMR), where cows grazed once a day and received supplements in a well formulated mix once a day. Negative associative effects between feeds were included in the biophysical modelling by deriving a relationship from published studies between declining neutral detergent fibre digestibility and increasing grain intake. Before applying a PMR system, both farms were profitable and earning competitive rates of return after tax, with mean real internal rate of return higher than 5%, and positive mean annual operating profit and mean net present value, at a discount rate of 5%. Feeding a PMR enabled both farms to increase profitability and internal rate of return, particularly if milk production was increased as well, but only when associative effects were less than those in the feeding system based on grain fed in the dairy and hay in the paddock. Increased profitability was also associated with higher standard deviation in annual operating profit, internal rate of return and net present value, in other words risk increased under the PMR feeding system, as the businesses would be more vulnerable to fluctuating supplementary feed prices.

scholarly journals Key aspects of investment analysis

2007 ◽  
Vol 1 (1) ◽  
pp. 53-56
Author(s):  
András Nábrádi ◽  
László Szőllősi
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Income Taxes ◽  
Investment Analysis ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Sensitive Questions ◽  
Present Value ◽  
Dynamic Methods ◽  
Key Aspects

This paper reviewed principally accepted methods applied to investment analysis. To describe every aspect of investment analysis fully would require far more space than available here, so we highlight only of few of its aspects. This study collects several well-known bibliographies, contrasts them with each other and provides explanations for having done so. There are many questions about which authors and companies agree, including about how to apply certain methods, but on others there is disagreement. Four dynamic methods (Net Present Value, Internal Rate of Return, Profitability Index, and Discounted Payback Period) are demonstrated from the viewpoint of application. Moreover, this study clarifies several sensitive questions, such as handling income taxes, inflation and uncertainty. Other examined issues are only mentioned at the end of this paper, and we will publish on these more thoroughly at a later date.

scholarly journals Methodical approaches to the assessment of investment attractiveness of agricultural enterprises

2019 ◽  
Vol 21 (93) ◽  
pp. 63-69
Author(s):  
R. M. Myniv
Keyword(s):  
Cash Flow ◽  
Net Present Value ◽  
Cash Flows ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Investment Projects ◽  
Agricultural Enterprises ◽  
Internal Rate ◽  
Dynamic Methods

Evaluation of investment efficiency is central to the process of justifying and selecting possible options for investing in investment projects, and is therefore a key to successful implementation of investment activities of agricultural enterprises. The main directions of financing of investment projects of agricultural enterprises are: purchase or construction of unfinished construction objects, new construction, expansion of existing enterprises, reconstruction of existing enterprises and technical re-equipment of existing enterprises. Two main groups of methods of assessing the cost-effectiveness of investment projects have become most widespread: static and dynamic. Static methods involve the calculation of indicators based on undiscounted cash flows. Dynamic methods, on the contrary, take into account the change in the value of money over time and imply bringing the values of all cash flows to the same period by discounting or compounding. Dynamic methods for assessing the effectiveness of investment projects include the following basic methods that rely on most modern Ukrainian enterprises, such as net present value cash flow (NPV), internal rate of return (IRR), payback period (DPP) and project profitability index (PI). On their basis the basic methods of selection of investment projects of agricultural enterprises are formed. Net Present Value (NPV) calculation. is based on comparing what will be invested in the future with what is invested now. The Profitabale Index (PI) is directly related to net present value and is defined as the ratio of the discounted cash flow to initial investment. The IRR (Internal Rate of Return) is the discount rate at which the projected cash inflows are equal to the project's discounted cash flows. As indicators of the effect in calculating the overall efficiency of investments, it is advisable to use changes in the following values of growth: revenue from the sale of enterprise products; gross income; profit before tax; net profit; cash flow; clean products. Gross and net investment should be included in the costs. The use of qualitative methods in investment analysis is due to the following reasons: the subjectivity of the phenomena or characteristics studied; lack or lack of necessary information; inability to analyze objective and acceptable methods; lack of research object (to be created during project implementation). Quantitative methods for evaluating agricultural investment projects include methods of probability theory and mathematical statistics, as well as economic and statistical methods.

scholarly journals PENERAPAN GOOD DAIRY FARMING PRACTICE (GDFP) DAN PENDAPATAN USAHA TERNAK SAPI PERAH KEMITRAAN DAN MANDIRI DI KABUPATEN JEMBER

2019 ◽  
Vol 12 (3) ◽  
pp. 34
Author(s):  
Siti Aminah ◽  
M . Rondhi
Keyword(s):  
Dairy Cows ◽  
Milk Production ◽  
Dairy Cow ◽  
Dairy Farm ◽  
Dairy Farming ◽  
Cow Milk ◽  
Net Income ◽  
Livestock Farming ◽  
Farming Practice ◽  
Use Efficiency

ABSTRACT Increased demand of milk is higher along with the increasing number of population, but increased demand of milk is less offset by increased production of local dairy cow milk so that in fulfilling local milk need is still doing a lot of milk import. With the existing of milk demand, livestock farming development of dairy cows can be done in Jember Regency. One of dairy cow farming in Jember Regency is located in Kemuning Lor Village Arjasa District Jember Regency which is the independent farm. Partnership farm in Jember Regency is in Ajung Village Ajung District, Balung Lor Village Balung District and Rowotengah Village Sumberbaru District which are partnership farm with Galur Murni Cooperative. Both livestock businesses experience the same problem which is the lows of milk production so that causes the lows of income received by the farmer. Milk production can increase if the farmer can apply GDFP (Good Dairy Farming Practice) of good dairy cows. This research aimed to (1) find out GDFP implementation, (2) find out the income, and (3) find out cost use efficiency. This research showed that: (1) The level of GDFP implementation of partnership farm was higher than the level of GDFP implementation of the independent farm. (2) Both livestock businesses of partnership and independent farm in Jember Regency is mutual. The amount of income per tail of partnership dairy cows was IDR 8,895,762/year and the net income per tail of independent dairy cows was IDR 11,635,231/year, (3) The cost use efficiency on partnership and independent dairy farm businesses was all efficient. The efficiency value of the R/C ratio of partnership dairy farm business was 1.25 while the efficiency value of the R/C ratio of the independent dairy farm was 1.18.   Keywords: Dairy Cows, GDFP Implementation, Income, Efficiency of R/C Ratio  

Economic benefits of resilient pastures

2021 ◽  
Vol 17 ◽  
Author(s):  
Phil Journeaux
Keyword(s):  
Net Present Value ◽  
Dairy Farm ◽  
Indirect Costs ◽  
Economic Benefits ◽  
Internal Rate Of Return ◽  
Costs And Benefits ◽  
Present Value ◽  
Multiplier Effect ◽  
The Cost ◽  
On Farm

An improvement in the resilience of New Zealand pastures will have significant economic benefits to the country. The renewal of pastures on-farm is an important aspect of this resilience, which involves a range of costs and benefits. This paper illustrates three aspects of these costs and benefits:(i) That the cost of growing pasture can be substantial, with a combination of direct and indirect costs;(ii) Modelling of an increase in re-grassing level on a representative dairy farm, from 8% to 15% per year, showed a significant Net Present Value and Internal Rate of Return; and(iii) The increase in costs and benefits on-farm, also show a significant multiplier effect on the wider regional economy.

ANALISIS KELAYAKAN FINANSIAL INDUSTRI PENGOLAHAN KECAP ANEKA GUNA DI KOTA LANGSA

2017 ◽  
Vol 2 (1) ◽  
pp. 21-30
Author(s):  
Muhammad Jamil ◽  
Januari Frizki Bella
Keyword(s):  
Net Present Value ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Adapun tujuan dari Penelitian ini adalah untuk mengetahui kelayakan usaha industri pengolahan kecap Aneka Guna apabila dilihat dari segi kelayakan finansial. Penelitian ini menggunakan metode studi kasus. Lokasi penelitian yaitu di Kota Langsa dengan pertimbangan bahwa lokasi tersebut merupakan daerah yang terdapat industri pengolahan kecap asin dan mudah di jangkau oleh penulis. Waktu penelitian dilaksanakan pada Bulan Juni - Oktober 2014. Tenaga kerja yang digunakan berjumlah 27 orang, 20 tenaga kerja pria dan 7 orang tenaga kerja wanita. Jumlah penggunaan tenaga kerja selama 5 tahun sebesar 3759 HKP. Total biaya produksi yang dikeluarkan oleh pengusaha dalam usaha pembuatan kecap didaerah penelitian selama 5 tahun adalah Rp. 2.076.988.000,-. Pendapatan kotor yang diperoleh pengusaha sebesar Rp. 8.199.690.000,- dan pendapan bersih yang diperoleh sebesar Rp. 6.122.702.000,-                 Kota Langsa hanya memiliki 1 pengusaha pengolahan kecap asin dan dijadikan sebagai pengusaha sampel yaitu usaha industri pengolahan kecap asin Aneka Guna. Hasil perhitungan di peroleh Net Present Value (NPV) sebesar Rp. 263.281.290 (lebih besar dari nol), sedangkan Internal Rate of Return (IRR) sebesar 84% lebih besar dari tingkat bunga yang berlaku (D.F. = 18%), sedangkan Net B/C Ratio sebesar 3,27 (lebih dari pada 1) dan Pay Back Priod (PBP) 1 Tahun 6 Bulan (lebih kecil dari umur ekonomis).  

EVALUASI TERHADAP PENGELOLAAN SAMPAH DALAM MENINGKATKAN PELAYANAN ASET DI KOTA PEMATANGSIANTAR

2017 ◽  
Vol 13 (3) ◽  
pp. 240
Author(s):  
Novdin M Sianturi
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Benefit Cost Ratio ◽  
Internal Rate ◽  
Benefit Cost

Abstrak: Pengelolaan sampah di Kota Pematangsiantar masih bertumpu pada pendekatan akhir (kumpul-angkut-buang), dengan tingkat pelayanan yang rendah, sehingga untuk meningkatkan pelayanan sampah, perlu dilakukan pemilahan di tempat penampungan sementara (TPS). Penelitian ini bertujuan untuk mengkaji sistem pengelolaan sampah dengan melakukan pemilihan di TPS dapat meningkatkan pelayanan aset persampahan sampai tahun  2015 secara teknis operasional dan dari aspek keuangan. Analisa teknis operasional aset pengelolaan sampah mulai dari pewadahan, pengumpulan dan pengangkutan sedangkan analisa keuangan dan analisa kelayakan menggunakan Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, dan Payback Period. Dari hasil analisa tersebut diperoleh suatu sistem pengelolaan sampah dengan pemilihan di TPS berdasarkan zona pelayanan dengan skala prioritas secara bertahap daritahun 2013-2017, dapat meningkatkan cakupan pelayanan sampah eksisting rata-rata 6,69 %, cakupan pelayanan TPS eksisting rata-rata 8,29 %, dan cakupan pelayanan truk pengangkut sampah eksisting rata-rata 12,03 %. Investasinya layak, diperoleh Net Cashflow pada tahun 2020 sebesar Rp 1.720.242.284,-, NPV suku bunga 15 % bernilai positif, IRR > MARR 15 %,  B/C Ratio > 1, dan PP 4,7 tahun, lebih pendek dari periode investasi 10 tahun. Dari Metode penelitian ini maka pengumpulan data, observasi lapangan dan pengukuran contoh timbulan sampah dengan sampel 4 TPS perumahan yang terlayani pengangkutan.

TINJAUAN STUDI KELAYAKAN USAHA BADAN USAHA MILIK DESA (NAGARI) KAMANG HILIA SEJAHTERA KENAGARIAN KAMANG HILIA, KECAMATAN KAMANG MAGEK, KABUPATEN AGAM, PROVINSI SUMATERA BARAT

2018 ◽  
Vol 3 (2) ◽  
pp. 160
Author(s):  
Halkadri Fitra ◽  
Salma Taqwa ◽  
Charoline Cheisviyanny ◽  
Abel Tasman ◽  
Nurzi Sebrina
Keyword(s):  
Cash Flow ◽  
Net Present Value ◽  
Average Rate ◽  
Flow Analysis ◽  
Payback Period ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

Penelitian ini bertujuan untuk melihat kelayakan aspek keuangan usaha grosir sembako Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera di Kenagarian Kamang Hilia Kecamatan Kamang Magek Kabupaten Agam Provinsi Sumatera Barat yang dilakukan pada tahun 2018. Penelitian bersifat deskriptif kuantitatif dengan menggunakan metode cash flow analysis, payback period, net present value, profitability index, internal rate of return, dan average rate of return. Hasil penelitian menunjukkan bahwa nilai net cash flow Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera adalah positif yaitu Rp.21.774.000, nilai payback period adalah 1,15 tahun, nilai net present value positif sebesar Rp.10.680.034,47, nilai profitability index adalah positif 1,37, sedangkan nilai internal rate of return adalah 46,7% dan nilai average rate of return adalah 57,23%. Berdasarkan standar penilaian maka semua metode yang digunakan memberikan kesimpulan bahwa usaha grosir sembako milik Badan Usaha Milik Desa (Nagari) Kamang Hilia Sejahtera dalam kategori layak untuk dilaksanakan.

Analisis Kelayakan Finansial Usaha Ternak Ayam Kampung Super (Studi Kasus pada Peternakan Suparlan di Desa Jojog Kecamatan Pekalongan Kabupaten Lampung Timur)

1970 ◽  
Vol 3 (1) ◽  
Author(s):  
Fikri Fathurahman Aziz
Keyword(s):  
Return On Investment ◽  
Net Present Value ◽  
Secondary Data ◽  
Payback Period ◽  
Rate Of Return ◽  
Primary Data ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate

This study aims to analyze financially (net present value, revenue cost ratio, internal rate of return, break event point, return on investment and payback period) feasibility of kampung super chicken farming Mr. Suparlan in Jojog village, district Pekalongan, East Lampung regency. The data used in the form of quantitative and qualitative data sourced from the primary data and secondary data which is then analyzed descriptively. Based on the analysis, it is known that kampung super farm is financially feasible to cultivate. This is indicated by the positive value of net present value (NPV) of Rp 186,568,517, revenue ratio (RCR) 1.59, internal rate of return (IRR) of 135.82%, return on investment (ROI) of 43%, and the value of payback period (PP) of 0.50. Keywords: financial feasibility, kampung chicken, chicken farm

scholarly journals Business plan for a Zen garden

Agricultura ◽  
2015 ◽  
Vol 12 (1-2) ◽  
pp. 1-7
Author(s):  
Maja Žibrat ◽  
Karmen Pažek ◽  
Vesna Weingerl
Keyword(s):  
Net Present Value ◽  
Business Plan ◽  
Market Analysis ◽  
Rate Of Return ◽  
Theme Park ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Business Opportunity ◽  
Internal Rate ◽  
Financial Aspect

AbstractThe placement of a theme park in the form of a Zen garden, as a business opportunity in the Slovenian rural area, is discussed. The design of the garden, with all the major points of a standard business plan, is accurately presented, with a description of the business, branch, and services, market analysis, marketing strategy, financial projections, and a plan of the work and activities. The financial aspect is presented as the amount of investment, net present value, and internal rate of return. The amount of investment is estimated at € 14.891, which should be reimbursed within 4 years of operations. The estimated internal rate of return is estimated at 16.86%. Part of the study is the market analysis - conduction of a survey into knowledge of, and interest in, Zen and Zen gardens. The principles of landscape ecology are respected, as the Zen garden would be set in the woods and will blend seamlessly into the landscape.

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