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Dynamic economic analysis of greenhouse pepper production on rockwool on a family farm
43-47.Views:122The major part of the pepper growing farms in Hungary operate as family enterprises with areas varying between 1,000 and 3,000 m2. As a result of the small size, their profitability is greatly dependant on the technological level and market circumstances. Most of these farms are characteristically affected by the lack of capital, therefore, they are unable to implement any further developments with their own forces. Greenhouse pepper production on rockwool had already been subjected to analysis earlier in our research, however, those calculations were directed solely at the profitability and efficiency of production. Based on the data from 2004 in 2005 yet another and more profound analysis was set as the objective. Besides the methods already applied before, several dynamic indicators have been introduced which could also be useful for practical applications. The graphs can permit growers to monitor the temporal distribution of the costs incurred and revenues earned during production. Thereby it is easier to plan the costs and more simple to distribute them more rationally over the production period. Our experiences suggest that this sort of analytical method is applicable only in cases where a very careful and precise collection of data is ensured and the results obtained can not be generalised as being valid only for the single farm analysed. Experiences and results, however, make us consider the dynamic economic analysis as being very useful both for beginners and practicing horticulturists.
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Farm economic evaluation of elderberry production
57-60.Views:208In this present study the efficiency as well as the farm economic advantages and disadvantages of elderberry production are examined. Our objective is to determine the fact that under what conditions the elderberry production may be profitable regarding the present economic and market situations. Our analysis was carried out by a simulation model based on a farm-level data gathering in production enterprises. The total investment cost of an up-to-date, elderberry orchard of traditionally cultivated without irrigation is between 1000 to 1700 thousand HUF per one hectare and turning to productivity is expected within 4-5th years. These orchards are able to produce yields of 8,0 to 9,0 tons per one hectare in the average of the productive years, which makes reaching a revenue of 800 to 1000 thousand HUF possible regarding a per kg average selling price of 80 to 110 HUF. By this a net profit of 200 to 400 thousand HUF may be realized in case of a per hectare production cost of 600 to 700 thousand HUF. At the end of the lifetime of the orchard (12-15th year) an internal rate of return of 10 to 4%, an NPV of 1500 to 2000 thousand HUF per one hectare are typical in an average case, and the payback may be expected in the 6th to 8th year. From the farm economic aspect the elderberry may be considered as an extensive sector, which advantages are low capital and labour need, early recovery, good-acceptable profit on capital and cost to profit ratios, but its disadvantage is low per hectare profit comparing to intensive fruit species and orchards. In this way in general farms of capital-extensive and avoiding risks choose elderberry production.
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Evaluation of precision farming with regard to horticulture
105-110.Views:120The global positioning system was made available for public use, which made it possible' to apply a new management tool in agriculture. Precision farming gives much more information on plant-growing than former methods, which makes it possible to use technologies more suitable for micro-sites. It is supposed that more profitable production can be realised with its aid and the strain on the environment can be reduced, not to mention other economic advantages.
The study makes economic conclusions about the method more and more widely used in plant production taking the yield mapping of Józsefmajor Experimental Farm as a basis and starts ideas about its possible application in arable land olericulture, viticulture and fruit production.
These issues are important because precision farming has existed in glass-culture for a long time from another perspective, which should be spread to open ground horticultural enterprises that are labour and asset intensive, qualitative farming forms with great plantation value.
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Economics of apple-storage I: Comparative time series analysis of apple producer prices in Germany and Hungary
75-79.Views:197Based on standard econometric methods the article analyses the time series of fresh apple producer prices in domestic markets of Germany and Hungary. In Germany, as a consequence of high storage capacities the quantity offered in different parts of the season is relatively stable, that’s why only a rather limited price increasing can be detected. In Hungary, as a consequence of the limited storage capacity this fluctuation is much more important. The modern methods of time series analysis (ARIMA models, stepwise regression) can be efficiently applied for forecasting of price movements.
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Farm economic analyis of walnut production
71-74.Views:178In this present study the returning issues and profit conditions of domestic walnut production are investigated. Our objective is to determine the fact that under what conditions our walnut production may be competitive and maintained in an economic way regarding the present economic and market situations. Our analysis was carried out by a deterministic model based on a farm-level data gathering in production enterprises. The total investment cost of an up-to-date walnut orchard is up to 3000 thousands HUF per hectare and turning to
productivity is expected within 8-10th years. These orchards are able to produce a yield of 3 tons per hectare in the years of productivity in a normal year, thus in case of a medium-good selling prices a profit of 500 thousand HUF per hectare may be realized. As a result at the end of the whole lifetime of the orchard (30th year) an internal rate of return (IRR) of 10 to 12% may be calculated and the return is expected in the 20th to 22nd year, which may be considered as a very late return. Taking the 20 to 25% probability of harmful whether phenomena (frost, drought) into consideration, it may be concluded that in good years a performance reaching a yield of 4 tons per hectare is necessary in the long-run in order to achieve the profitable and sustainable production in an economic way. This is managed to reach in only the most up-todate orchards. -
The comparative economic analysis of Hungarian and German apple production of good standard
79-85.Views:250The profitability of the Hungarian apple production considering firms producing on high standard is not lagged behind significantly from that of German firms, moreover in certain cases it reflects a more positive situation. It is unfavourable, however, that this statement is true only for 8 to 10% of our whole apple plantation surface. The results of the investigations highlighted the fact that in comparison with Germany our farm business advantages manifest in three factors: in 70 to 80% lower wages, in 15 to 30% higher investment and subsidy intensity and in the fact that at present we cannot neglect the ice safety system which is rather expensive. By the increasing wages, the narrowing subsidy opportunities and incidentally the appearing harmful weather phenomenon, these advantages may be continuously ceased. Our definite disadvantage appears in the level of marketing price, considering the fact that producers in Hungary realize 30 to 35% lower marketing price, which is in connection with the probably much lower level of organization among farmers, in the market and in the logistical background.
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Economic analysis of up-to-date sour cherry or in Hungary
89-94.Views:158In this study cost-profit analysis is carried out to up-to-date Hungarian sour cherry orchards. These orchards cover only 1 to 3 thousand hectares from the sour cherry territory of 16 thousand hectares. In a many-year-average a yield of 15 tons per hectare may be reached in up-to-date sour cherry orchards cultivated under high standard conditions. Per hectare direct production costs take up of approximately 1000 thousand HUF, from which the major portion (60%) is accounted for the personal cost of harvesting. Regarding the above mentioned average yield and a selling price of 100 HUF per kilogram a revenue of 1 500 thousand HUF may be realized, which results in a per hectare contribution of 500 thousand HUF. To sum up, regarding the present extremely unfavourable selling price only reaching an average yield of 15 to 20 tons per hectare may lead to appropriate profit.
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Cost and profit conditions in the Hungarian intensive apple production
65-68.Views:177In this study I investigated the cost and profit conditions and the efficiency of intensive, qualitative apple production on the basis of a data collection carried out in ventures of high standard production. I concluded that the intensive apple production has an extremely high cost requirement, the production costs are approximately 1500 to 1600 thousand HUF per hectare. In an average case, a production value of 2000 thousand HUF per hectare may be reached, which may fluctuate in a wide interval during the years. Considering the above mentioned, a net profit of 400 to 500 thousand HUF may be realized in one hectare. It should be highlighted that regarding the present marketing conditions, realizing the appropriate profit may be expected only by producing 30 to 40 tons per hectare yields and 80 to 90% food quality ratio.