ANALYTICAL STUDY OF THE FEASIBILITY OF SOME VEGETABLE CROPS CULTIVATION UNDER CONDITIONS OF MODERN AGRICULTURE IN RED SEA GOVERNORATE

Greenhouses are important input for agricultural investment in the field of plant production, especially the vegetable crops produced in non-production seasons due to modern and advanced technologies .Greenhouses are one of the means to raise the economic efficiency of the agricultural land and irrigation water units, characterized by high productivity compared to agriculture in the open field. In addition, agriculture in the greenhouses overcomes seasonality of production and provides protection of crops against climatic fluctuations, as well as raising the efficiency of water use, where it save between 30-50% of the amount of irrigation water, which contributes to its spread in different areas ,especially those that suffer water scarcity such as the Arab Republic of Egypt, in particular the desert areas, such as the Red Sea Governorate.The project uses modern technologies in agricultural production such as electricity generation from solar energy and desalination of well water in the production of cucumber and colored peppers in 10 greenhouses , is 350 square meters, (width of 10 meters and length of 35 meters). The total fixed costs of the project, amounted to LE 1,108366 million. The total annual operating costs amounted to LE 200,125. The total annual revenues amounted to LE 737 thousand. The results of the study showed that all the financial indicators were positive and encouraging, which necessitates continued investment in the project. The project is expected to achieve a return rate of 40.82%, which exceeds the prevailing market rate of about 16% .The project will be able to cover the invested capital during 2.39 years only, within 15 years as the default age of the project. The project was subjected to financial analysis under unfavorable conditions such as reduced revenues or raised total project costs, whether investment operating maintenance costs, or shortening the project duration where the financial indicators of the project showed positive and encouraging results, which necessitates continuing the decision to invest in the project. The study reached a lot of results as follows : Design guiding programs for farmers on the importance of greenhouses use and economic feasibility. The New and Renewable Energy Authority will design and publish guiding programs for the importance of the use of solar energy technology to provide electricity, especially to serve the desert areas away from the public electricity grid. The Ministry of Irrigation and Water Resources is spreading awareness about the use of well water desalination technology in desert and coastal areas. The State shall attract and stimulate the private sector to invest in the field of solar energy and desalination. The Egyptian Agricultural Bank provides soft loans for the purpose of establishing greenhouses. Attracting investors and young graduates to expand the use of greenhouses techniques, especially in desert areas. Linking the idea of investment in greenhouses with the policy of contractual agriculture.