Financial feasibility for the establishment of a fattening-buffalo grazing production system

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...

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Autores: Díaz Gutiérrez, Carlos, WingChing-Jones, Rodolfo, Rosales Rodríguez, Rodrigo
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2008
País:Costa Rica
Institución:Universidad de Costa Rica
Repositorio:Portal de Revistas UCR
Idioma:español
OAI Identifier:oai:portal.ucr.ac.cr:article/6719
Acceso en línea:https://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719
Access Level:acceso abierto
Palabra clave:búfalos
rentabilidad
factibilidad
relación costo/beneficio
TIR
VAN
pastoreo
Buffaloes
profitability
feasibility
cost/benefit ratio
IRR
NPV
grazing
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repository_id_str
dc.title.none.fl_str_mv Financial feasibility for the establishment of a fattening-buffalo grazing production system
Factibilidad del establecimiento de un sistema de producción de engorde de búfalos en pastoreo
title Financial feasibility for the establishment of a fattening-buffalo grazing production system
spellingShingle Financial feasibility for the establishment of a fattening-buffalo grazing production system
Díaz Gutiérrez, Carlos
búfalos
rentabilidad
factibilidad
relación costo/beneficio
TIR
VAN
pastoreo
Buffaloes
profitability
feasibility
cost/benefit ratio
IRR
NPV
grazing
title_short Financial feasibility for the establishment of a fattening-buffalo grazing production system
title_full Financial feasibility for the establishment of a fattening-buffalo grazing production system
title_fullStr Financial feasibility for the establishment of a fattening-buffalo grazing production system
title_full_unstemmed Financial feasibility for the establishment of a fattening-buffalo grazing production system
title_sort Financial feasibility for the establishment of a fattening-buffalo grazing production system
dc.creator.none.fl_str_mv Díaz Gutiérrez, Carlos
WingChing-Jones, Rodolfo
Rosales Rodríguez, Rodrigo
author Díaz Gutiérrez, Carlos
author_facet Díaz Gutiérrez, Carlos
WingChing-Jones, Rodolfo
Rosales Rodríguez, Rodrigo
author_role author
author2 WingChing-Jones, Rodolfo
Rosales Rodríguez, Rodrigo
author2_role author
author
dc.subject.none.fl_str_mv búfalos
rentabilidad
factibilidad
relación costo/beneficio
TIR
VAN
pastoreo
Buffaloes
profitability
feasibility
cost/benefit ratio
IRR
NPV
grazing
topic búfalos
rentabilidad
factibilidad
relación costo/beneficio
TIR
VAN
pastoreo
Buffaloes
profitability
feasibility
cost/benefit ratio
IRR
NPV
grazing
description 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.
publishDate 2008
dc.date.none.fl_str_mv 2008-12-08
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
Article
Artículo
Text
artículo original
http://purl.org/coar/resource_type/c_6501
http://purl.org/coar/resource_type/c_2df8fbb1
info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719
10.15517/rac.v33i2.6719
url https://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719
identifier_str_mv 10.15517/rac.v33i2.6719
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719/6407
dc.rights.none.fl_str_mv Derechos de autor 2016 Agronomía Costarricense
https://creativecommons.org/licenses/by-nc-nd/4.0
acceso abierto
http://purl.org/coar/access_right/c_abf2
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Derechos de autor 2016 Agronomía Costarricense
https://creativecommons.org/licenses/by-nc-nd/4.0
acceso abierto
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de Costa Rica
publisher.none.fl_str_mv Universidad de Costa Rica
dc.source.none.fl_str_mv Agronomía Costarricense; Agronomía Costarricense: Vol. 33, Issue 2 (July-December)
Agronomía Costarricense; Agronomía Costarricense: Vol. 33, Nº 2 (Julio-Diciembre)
2215-2202
0377-9424
10.15517/rac.v33i2
reponame:Portal de Revistas UCR
instname:Universidad de Costa Rica
instacron:UCR
instname_str Universidad de Costa Rica
instacron_str UCR
institution UCR
reponame_str Portal de Revistas UCR
collection Portal de Revistas UCR
repository.name.fl_str_mv Portal de Revistas UCR - Universidad de Costa Rica
repository.mail.fl_str_mv jorge.polanco@ucr.ac.cr
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spelling Financial feasibility for the establishment of a fattening-buffalo grazing production systemFactibilidad del establecimiento de un sistema de producción de engorde de búfalos en pastoreoDíaz Gutiérrez, CarlosWingChing-Jones, RodolfoRosales Rodríguez, Rodrigobúfalosrentabilidadfactibilidadrelación costo/beneficioTIRVANpastoreoBuffaloesprofitabilityfeasibilitycost/benefit ratioIRRNPVgrazingTechnical, 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.Se evaluó la viabilidad técnica, financiera y el análisis de riesgo para el establecimiento de un sistema de producción de engorde de búfalos en pastoreo. Se contó, con 10 animales con 250 kg de peso inicial y 500 kg a los 12 meses. La evaluación del sistema se basó en la metodología de presupuesto de capital, que considera flujos de caja nominales y aplica los indicadores de rentabilidad financiera: tasa interna de retorno (TIR), valor actual neto (VAN), relación costo/ beneficio (C/B), y período de recuperación de la inversión (PRI). El análisis de sensibilidad se realizó mediante la técnica de Hertz o de Análisis Multidimensional; para medir TIR y VAN se evaluó el costo operativo por animal, ganancia de peso diaria, peso final a la venta, y cantidad de animales producidos al año. La evaluación del riesgo se efectúo mediante una simulación de Monte Carlo o Método de Ensayos Estadísticos; se usó ganancia de peso, precio de compra y venta de los animales, y costo de capital. Se obtuvo una TIR de 10,9%, un VAN de -¢356.556, así como un período de recuperación de 8,4 años; lo cual hace no viable esta explotación, tanto por la falta de rentabilidad como por la mínima liquidez generada. La variable ganancia de peso diario, es la que presenta la influencia mayor sobre la probabilidad de obtener un VAN positivo.Universidad de Costa Rica2008-12-08info:eu-repo/semantics/publishedVersionArticleArtículoTextartículo originalhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/articleapplication/pdfhttps://revistas.ucr.ac.cr/index.php/agrocost/article/view/671910.15517/rac.v33i2.6719Agronomía Costarricense; Agronomía Costarricense: Vol. 33, Issue 2 (July-December)Agronomía Costarricense; Agronomía Costarricense: Vol. 33, Nº 2 (Julio-Diciembre)2215-22020377-942410.15517/rac.v33i2reponame:Portal de Revistas UCRinstname:Universidad de Costa Ricainstacron:UCRspahttps://revistas.ucr.ac.cr/index.php/agrocost/article/view/6719/6407Derechos de autor 2016 Agronomía Costarricensehttps://creativecommons.org/licenses/by-nc-nd/4.0acceso abiertohttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccess2024-08-30T16:16:51Zoai:portal.ucr.ac.cr:article/6719Portal de revistashttps://revistas.ucr.ac.cr/Universidadhttp://www.ucr.ac.crhttps://revistas.ucr.ac.cr/index.php/index/oaijorge.polanco@ucr.ac.crCosta RicaNo aplicaNo aplicaNo aplicaopendoar:2025-08-13T10:33:21.286Portal de Revistas UCR - Universidad de Costa Ricafalse
score 15,808905

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