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Evaluation of Economic Efficiency of Apple Orchard Investments

机译:苹果园投资经济效益评估

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The tree-growing sector is considered to be an important supplier of food and raw material for industry worldwide. Increasingly competitive decisions regarding international investment in orchards depend on business analysis. This study compares three apple orchards situated in Cluj-Napoca, on the Eastern limits of the Transylvanian Plain, Romania. While the climatic and soil conditions are relatively consistent among the three orchards, the technical and economic results (expressed in hectares) vary due to the use of three different technological systems of apple production: extensive, intensive, and super-intensive. The study compares the life cycle, starting with age of fructification, production level (quantity and quality), costs (investment and production costs—divided into material costs, mechanical costs, human costs, and overhead costs), income, profit (including rate of profit), and investment efficiency: Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP). It was observed that the most economically efficient technological system in terms of investments is the super-intensive one, with a higher production level, a higher share of Extra Class apples, and a younger age of initial fructification. However certain inconveniences of this system—such as a more expensive investment, a higher cost of running the business throughout the year, and a reduced life cycle—cannot be ignored.
机译:树木生长部门被认为是全世界工业食品和原材料的重要供应商。有关果园国际投资的竞争决定越来越多,取决于业务分析。这项研究比较了位于罗马尼亚特兰西瓦尼亚平原东部边界的克卢日-纳波卡的三个苹果园。尽管三个果园的气候和土壤条件相对一致,但由于使用了苹果生产的三种不同技术系统:粗养,精养和超精养,技术和经济结果(以公顷表示)有所不同。该研究比较了生命周期,从果糖化的年龄,生产水平(数量和质量),成本(投资和生产成本-分为材料成本,机械成本,人力成本和间接成本),收入,利润(包括税率)开始利润)和投资效率:净现值(NPV),内部收益率(IRR)和投资回收期(PP)。据观察,就投资而言,最经济有效的技术系统是超级集约化系统,它具有更高的生产水平,更多的特级苹果份额,以及最初的果实化年龄更年轻。但是,不能忽略该系统的某些不便之处,例如较昂贵的投资,全年运营业务的较高成本以及缩短的生命周期。

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