Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights
Autor(a) principal: | |
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Data de Publicação: | 2017 |
Outros Autores: | , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Ciência Rural |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0103-84782017000300931 |
Resumo: | ABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014), on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41); index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991); additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month); internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month). Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return. |
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Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weightseconomic analysisbeef cattleinvestment projectsintensive systemsmicroeconomicsABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014), on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41); index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991); additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month); internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month). Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return.Universidade Federal de Santa Maria2017-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0103-84782017000300931Ciência Rural v.47 n.3 2017reponame:Ciência Ruralinstname:Universidade Federal de Santa Maria (UFSM)instacron:UFSM10.1590/0103-8478cr20160516info:eu-repo/semantics/openAccessFabricio,Edom de AvilaPacheco,Paulo SantanaVaz,Fabiano NunesLemes,Daniel BatistaCamera,AngelinaMachado,Gabriella Ibarra Ocañaeng2017-02-14T00:00:00ZRevista |
dc.title.none.fl_str_mv |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
title |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
spellingShingle |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights Fabricio,Edom de Avila economic analysis beef cattle investment projects intensive systems microeconomics |
title_short |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
title_full |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
title_fullStr |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
title_full_unstemmed |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
title_sort |
Financial indicators to evaluate the economic performance of feedlot steers with different slaughter weights |
author |
Fabricio,Edom de Avila |
author_facet |
Fabricio,Edom de Avila Pacheco,Paulo Santana Vaz,Fabiano Nunes Lemes,Daniel Batista Camera,Angelina Machado,Gabriella Ibarra Ocaña |
author_role |
author |
author2 |
Pacheco,Paulo Santana Vaz,Fabiano Nunes Lemes,Daniel Batista Camera,Angelina Machado,Gabriella Ibarra Ocaña |
author2_role |
author author author author author |
dc.contributor.author.fl_str_mv |
Fabricio,Edom de Avila Pacheco,Paulo Santana Vaz,Fabiano Nunes Lemes,Daniel Batista Camera,Angelina Machado,Gabriella Ibarra Ocaña |
dc.subject.por.fl_str_mv |
economic analysis beef cattle investment projects intensive systems microeconomics |
topic |
economic analysis beef cattle investment projects intensive systems microeconomics |
description |
ABSTRACT: The objective of this study was to evaluate various financial indicators, estimated deterministically (considering historical quotes twelve consecutive years - 2003 to 2014), on the economic feasibility of finishing steers commercialized with different weights, using the simulation technique. Performance data steers were simulated with average initial weight of 350kg, fed in feedlot and slaughtered with 410, 440, 470, 500, 530, 560 and 590kg. The feeding period varies from 46 to 185 days, respectively. Based in various economic indicators, the viability of the investment decreased linearly according to the increase in slaughter weight. The coefficient of simple linear regression and means from lowest to highest slaughter weight were, respectively: net present value (-0.538 and R$ 67.37, R$ 65.28, R$ 32.14, R$ -7.34, R$ 8.01, R$ -12.38, R$ -23.41); index benefit: cost (-0.0003 and R$ 1.042, R$ 1.039, R$ 1.014, R$ 1.006, R$ 1.003, R$ 0.995, R$ 0.991); additional return on investment (-0.009 and 1.38, 1.29, 0.35, 0.11, 0.05, -0.08, -0.13% per month); internal rate of return (-0.009 and 2.21, 2.10, 1.28, 0.80, 0.93, 0.78, 0.73% per month). Feedlot use as termination option to obtain the direct benefits of this technology is an alternative investment with low economic return. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-01-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0103-84782017000300931 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0103-84782017000300931 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0103-8478cr20160516 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Universidade Federal de Santa Maria |
publisher.none.fl_str_mv |
Universidade Federal de Santa Maria |
dc.source.none.fl_str_mv |
Ciência Rural v.47 n.3 2017 reponame:Ciência Rural instname:Universidade Federal de Santa Maria (UFSM) instacron:UFSM |
instname_str |
Universidade Federal de Santa Maria (UFSM) |
instacron_str |
UFSM |
institution |
UFSM |
reponame_str |
Ciência Rural |
collection |
Ciência Rural |
repository.name.fl_str_mv |
|
repository.mail.fl_str_mv |
|
_version_ |
1749140551233437696 |