Financial evaluation of dragon fruit cultivation in Egypt Case study: Future Farm in Behera Governorate | ||
| Assiut Journal of Agricultural Sciences | ||
| Volume 55, Issue 1, January 2024, Pages 255-266 PDF (965.9 K) | ||
| Document Type: Research papers | ||
| DOI: 10.21608/ajas.2024.245397.1307 | ||
| Author | ||
| Samar A. Elshishtawy* | ||
| Agricultural Economics Department, Faculty of Agriculture, Assiut University, Assiut, Egypt. | ||
| Abstract | ||
| The world is going through climate changes that affect Egyptian agriculture, so we must think outside the box to choose different crops that can adapt to climate change. Among these crops is dragon fruit. Now there is a great opportunity for Egypt to invest in growing dragon fruit because it has many benefits and advantages. Presently, it is economically profitable. Secondly, it tolerates all climatic conditions. Thirdly, it is grown in lands that do not need much water. This helps Egypt save water and cope with risks resulting from limited water resources. The research aimed to estimate the financial feasibility indicators for Dragon fruit cultivation by studying the economics of those units by studying the structure of investment and fixed costs, operating costs, and revenues for the 2022/2023 production season, and conducting a sensitivity analysis. The research reached several important results, the most important of which are. 1) Dragon fruit cultivation is non-capital-intensive, which is characterized by its low investment costs compared to its annual production costs. 2) The feasibility of investing in dragon fruit cultivation considering the current situation and in light of the sensitivity analysis in its three cases, where the value of the net present value in the event of the worst possibilities (decrease the return and the rise in costs together by 10%., and the internal rate of return reached 38%. The research recommends expanding the cultivation of dragon fruit in Egyptian lands because of its economic, financial, commercial and health feasibility for the farmer and the state. | ||
| Keywords | ||
| Dragon fruit; financial analysis; Economic analysis; Sustainable development | ||
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