Financial viability of bean production in the automated irrigation system by minisprinkling

Abstract

This study was conducted to verify the financial viability for implementation of an automated microsprinkler irrigation system in the bean crop. The theory of the financial investment analysis is taken as reference by considering both deterministic and probabilistic approaches. The data concerning to productivity of the bean plant under the microsprinkler irrigation, as well as the technical coefficients, production costs and sales revenue were based on the experiments and data collection accomplished by the research center of the state of Minas Gerais. According to the results, it is concluded that the microsprinkler irrigation project for bean crop is viable in both deterministic and probabilistic sceneries. The project is considerably sensible to alterations in the risky variables, such as the price of the production factors and the capital opportunity cost. A higher sensibility was observed in variations of the bean price.