Abstract
This study was conducted to analyze profitability of apricot investment in Malatya province of Turkey. In this study, the data were collected through face-to-face interviews with 159 farmers from the districts of Central, Akcadag and Darende at the Malatya province in the production year of 2012–2013. Data obtained have been shown in the tables issued by the use of percentage and index calculations. Net Present Value (NPV), Benefit Cost Ratio (BCR) and Internal Rate of Return (IRR) were calculated for investment analysis. 5%, 9% and 10% discount rates were selected to calculate NPV, BCR and IRR. The NPV were found to be positive 56,411.97 $, 21,530.48 $ and 16,450.37 $, respectively. BCR was found bigger than 1, it was calculated 5.21, 3.95 and 2.84, respectively. IRR was found 16%. The sensitivity analysis has been made for increase cost and decrease income for all coditations apricot investment was found profitable. However, growers must evaluate circumstances to determine if the lower price usually paid by wholesalers and supermarkets is sufficient to cover production and handling costs and can be get a profit.
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Acknowledgements
This study has been supported by Ege University Scientific Research Projects Commission (Project No: 014-ZRF-047). Appreciation is expressed to farmers and other individuals who provided assistance.
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K. Ucar and S. Engindeniz declare that they have no competing interests.
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Ucar, K., Engindeniz, S. A Profitability Analysis of Investment of Apricot Growing in Turkey. Erwerbs-Obstbau 63, 75–80 (2021). https://doi.org/10.1007/s10341-021-00547-9
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DOI: https://doi.org/10.1007/s10341-021-00547-9