A simulation of the economic and financial efficiency of activities associated with beef cattle pasture

作者：Gaspar Alberto de Oliveira; Brumatti Ricardo Carneiro^*; de Paula Leandro Arruda; Dias Alexandre Menezes

来源：Custos e Agronegocio, 2018, 14(1): 74-98.

• Support systems
• Profitability
• Sensitivity analysis

This work aims to compare economic and financial efficiency of renovation and maintaining pastures in different systems to produce beef cattle. Was simulated three different production systems (Brazilian Cerrado), characterized as extensive, semi-intensive, and intensive, and considering the following annual renovation and maintenance rates, respectively: 0% and 25% for intensive; 7% and 33% for the semi-intensive system; and 10% and 40% for the intensive system. The extensive system yielded the lowest gross profit, of US$ 37,359, followed by the semi-intensive system with US$ 78,464, and the intensive system with US$ 150,880. The net present value (NPV) was higher in the intensive system US$ 1,277,593 and smaller in extensive system US$ 347,803 as well as the internal rate of return (IRR) and other financial analysis, pointing out the existing increment between systems. The economic efficiency determined through the sensitivity analysis showed that extensive systems require a revenue growth of up to 5.48% annually, whereas intensive requires a rate of 1.85%. The costs to renovation and maintaining pastures generated high monetary values, though due to the profitability for in each system. This indicates that the systems can pay for such activities while also generating a profit. However, the financial risk is presented to the most extensive producers, a fact that may explain the difficulties to improve the production rates of the Brazilian beef cattle.

• 出版日期2018-3