Financial Feasibility of Poultry Layer Farms in Chittoor District, India

P. Soumya, B. P. Reddy
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Abstract

The present study attempts to assess the financial feasibility of layer farms of poultry birds in the Chittoor district of Andhra Pradesh, India. In total, 60 farms were considered for the study, with 20 each for small, medium and large size. A pretested questionnaire was used to collect data from poultry farmers. The Net Present Worth is highest for large farms followed by medium and small farms at both 12 and 16% discount rates, proving the economic viability of farms. The Benefit-Cost Ratio and farm size were positively related and the large farms were economically more viable. The internal rate of return is higher than that of the discount rate for all sizes of farms which implies that investment is feasible. Even though the returns are decreased by 10% (Case I) or costs increased by 10% (Case II), the small, medium and large poultry layer farms are economically feasible at both 12% and 16% discount rates as NPV is positive and BCR is greater than 1. But if the returns are decreased by 10% and Costs increased by 10% (Case III), the small farms become financially infeasible at both discount rates, whereas medium farms become financially infeasible at a 16% discount rate only. The large layer farms are economically feasible at both discount rates if the returns are decreased by 10% and Costs increased by 10% (Case III). Based on NPV, BCR and Original Research Article Soumya and Reddy; AJAEES, 39(5): 120-145, 2021; Article no.AJAEES.69196 121 IRR, large layer farms were most profitable followed by medium and small layer farms. The benefits per bird were highest and cost of production was lowest in case of large farms. The study revealed that poultry layer farming is a profitable business in Chittoor district.
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印度Chittoor地区家禽蛋鸡养殖场的财务可行性
本研究试图评估印度安得拉邦Chittoor地区家禽蛋鸡养殖场的财务可行性。共有60个农场被纳入研究范围,其中小型、中型和大型各20个。使用预测问卷从家禽养殖户收集数据。大型农场的净现值最高,其次是中型和小型农场,贴现率分别为12%和16%,证明了农场的经济可行性。效益成本比与农场规模呈正相关,规模较大的农场在经济上更可行。各种规模农场的内部收益率均高于贴现率,说明投资是可行的。即使收益减少10%(情形一)或成本增加10%(情形二),当NPV为正且BCR大于1时,在12%和16%的贴现率下,小型、中型和大型蛋鸡养殖场在经济上是可行的。但是,如果收益减少10%,成本增加10%(案例III),在两种贴现率下,小型农场在财务上都是不可行的,而中型农场在16%的贴现率下在财务上是不可行的。如果收益减少10%,成本增加10%(案例III),大型蛋场在贴现率和经济上都是可行的。基于NPV, BCR和原始研究文章Soumya和Reddy;生物工程学报,39(5):120-145,2021;文章no.AJAEES。内部收益率(IRR)显示,大型蛋鸡养殖场利润最高,其次是中小型蛋鸡养殖场。在大型养殖场,每只鸡的收益最高,生产成本最低。研究表明,在Chittoor地区,蛋鸡养殖是一项有利可图的业务。
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