Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe
Апстракт
Tsigai is an indigenous sheep breed present in entire Central and South-East Europe. Due to its low meat and milk production number of Tsigai sheep is in a sharp decline. But, there is a strong need to preserve valuable genetic resources of this breed. Therefore, the goal of this research is to evaluate economic performance of Tsigai breeding and to define strategies for its future use. In the paper profitability of Tsigai breeding is determined as well as economic efficiency of investments in Tsigai farms (using Net Present Value and Internal Rate of Return). To perform the analysis in risky circumstances authors applied sensitivity and decision tree approach. The results indicated that breeding of Tsigai sheep requires state subsidies to be profitable and economically efficient. Decision tree approach resulted in calculation of expected NPV. Investments in Tsigai farms proved to be economically efficient, but associated with high level of risk.
Кључне речи:
Tsigai breed / profit / subsidies / NPV / decision treeИзвор:
Ekonomika poljoprivrede, 2020, 67, 1, 175-188Издавач:
- Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
Институција/група
Poljoprivredni fakultetTY - JOUR AU - Nastić, Lana AU - Ivanović, Sanjin AU - Marković, Todor PY - 2020 UR - http://aspace.agrif.bg.ac.rs/handle/123456789/5482 AB - Tsigai is an indigenous sheep breed present in entire Central and South-East Europe. Due to its low meat and milk production number of Tsigai sheep is in a sharp decline. But, there is a strong need to preserve valuable genetic resources of this breed. Therefore, the goal of this research is to evaluate economic performance of Tsigai breeding and to define strategies for its future use. In the paper profitability of Tsigai breeding is determined as well as economic efficiency of investments in Tsigai farms (using Net Present Value and Internal Rate of Return). To perform the analysis in risky circumstances authors applied sensitivity and decision tree approach. The results indicated that breeding of Tsigai sheep requires state subsidies to be profitable and economically efficient. Decision tree approach resulted in calculation of expected NPV. Investments in Tsigai farms proved to be economically efficient, but associated with high level of risk. PB - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt T2 - Ekonomika poljoprivrede T1 - Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe EP - 188 IS - 1 SP - 175 VL - 67 DO - 10.5937/ekoPolj2001175N ER -
@article{ author = "Nastić, Lana and Ivanović, Sanjin and Marković, Todor", year = "2020", abstract = "Tsigai is an indigenous sheep breed present in entire Central and South-East Europe. Due to its low meat and milk production number of Tsigai sheep is in a sharp decline. But, there is a strong need to preserve valuable genetic resources of this breed. Therefore, the goal of this research is to evaluate economic performance of Tsigai breeding and to define strategies for its future use. In the paper profitability of Tsigai breeding is determined as well as economic efficiency of investments in Tsigai farms (using Net Present Value and Internal Rate of Return). To perform the analysis in risky circumstances authors applied sensitivity and decision tree approach. The results indicated that breeding of Tsigai sheep requires state subsidies to be profitable and economically efficient. Decision tree approach resulted in calculation of expected NPV. Investments in Tsigai farms proved to be economically efficient, but associated with high level of risk.", publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt", journal = "Ekonomika poljoprivrede", title = "Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe", pages = "188-175", number = "1", volume = "67", doi = "10.5937/ekoPolj2001175N" }
Nastić, L., Ivanović, S.,& Marković, T.. (2020). Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe. in Ekonomika poljoprivrede Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 67(1), 175-188. https://doi.org/10.5937/ekoPolj2001175N
Nastić L, Ivanović S, Marković T. Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe. in Ekonomika poljoprivrede. 2020;67(1):175-188. doi:10.5937/ekoPolj2001175N .
Nastić, Lana, Ivanović, Sanjin, Marković, Todor, "Economic efficiency of breeding Tsigai sheep in the Central and South - East Europe" in Ekonomika poljoprivrede, 67, no. 1 (2020):175-188, https://doi.org/10.5937/ekoPolj2001175N . .