文章基本信息

标题：Economic Justification of Investment in Cow's Milk Production on Family Farms in Western Serbia
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作者：Zorica Sredojević ; Zorica Sredojević
期刊名称：Petroleum-Gas University of Ploiesti Bulletin : Economic Sciences Series
印刷版ISSN：2284-8576
电子版ISSN：2247-8582
出版年度：2018
期号：3
语种：English
出版社：Petroleum-Gas University of Ploiesti
摘要：The subject of the research is the production of cow's milk at family farms in Western Serbia.The main objective of the research is to determine the economic feasibility of investing in cow's milk production facilities.Based on the collected data from the practice,an economic model of a farm of 20 dairy cows was made.Economic analysis has been done and the calculated indicators show that investing in cow's milk production capacities on the farm,under the assumed organizational and economic conditions,is expedient,i.e.economically justified.At an interest rate of 7.00% for the analyzed period of 10 years,a capital value of 59,405.00 € would be realized.According to the yield value,the upper limit of the investment is 181.515 €,and since this value is higher than the planned investment in the amount of 122.110 €,the investment is economically acceptable.The planned investment would return within 5.30 years,which is a much shorter time period than the analyzed farm utilization period,10 years,which is economically very favorable.Considering that the internal interest rate.16.70% is higher than the calculating interest rate,it is 7.00%,and the investment is economically expedient.The analysis determined the percentages of deviation of individual parameters at the profitability threshold of milk production.The calculations and analysis do not include incentives for breeding cows in Serbia,which means that with the incentive amounts,they would receive more favorable indicators of business in the production of cow's milk on family farms.
关键词：investment;cow's milk;production;family farms;economic justification