ECONOMIC FEASIBILITY STUDY FOR THE PROJECT OF CULTURED BARLEY PRODUCTION WITH HYDROPONIC METHOD
DOI:
https://doi.org/10.36103/ijas.v55iSpecial.1902Keywords:
Project evaluation, water use efficiency, net present value,forage production, sustainabilityAbstract
The objective of this research is to know the economic feasibility of hydroponics technology by estimating the expected demand for green forage for the years 2021-2031 as well as Identify and analyze project data and information in a way that helps the investor make the appropriate investment decision in addition to preparing a detailed technical preliminary study for the cultivar barley project focusing on the commercial and financing aspects and the criteria that take into account the risks and uncertainties . that indicating the economic feasibility of the project to produce green forage using hydroponics technology. Cultured barley as a product falls within the blue ocean strategy. Accordingly, the research recommends the necessity of implementing such projects that save land, water, and fertilizers and provide green forage throughout the year. The government should provide financial support for the supply and establishment of these projects because they require large capital, and livestock owners need support because the demand for forage is a request to implement an indicative program to introduce the advantages of hydroponics and green forage to breeders to increase the demand for it.
References
- Al-Batah, F. R. S. Muhammad, and M . M Al-Bahaaq. 2019. Financial evaluation of aquaponics cultivation projects and the feasibility of adopting them in Egypt. Journal of the Union of Universities for Agricultural Sciences. 27 (3): 1675-1701
- Al-Duwais, A. , A . Khalifa, and S. A . Al-Sayed . 2017. A financial and economic evaluation of growing cultured barley project in the Riyadh region of the Kingdom of Saudi Arabia. Egyptian Journal of Agricultural Economics. 27(2): 437-448
Al-Habib, A . B . M . Al-Eidani and etd. 2019. Cultivation of barley in growth rooms compared to green clover and its effect on meat productivity and sex hormones in local sheep. The Arab Journal of Agricultural Sciences. 2(2) : 1-14
Al-Issawi, K J. 2011. Economic feasibility study. First edition. Curriculum House for Publishing and Distribution. Amman, Jordan. pp :44-204
Al-Rubaie, N. S., and H. A . Al –Mashhadani. 2023. Influence of Germinated Red –Grains Sorghum on Production of Broiler Chicken Performance. Iraqi Journal of Agricultural Sciences, 54(5):1305-1313. https://doi.org/10.36103/ijas.v54i5.1829
Al-Khafaji, A. M. H. H. and K. D. H. Al-jubouri. 2022. Influence of aqueous extract of barley sprouts, trehalose, and calcium on growth, quality and yield of carrot. Iraqi Journal of Agricultural Sciences, 53(1): 133-140. https://doi.org/10.36103/ijas.v53i1.1517
Al-Khafaji, A. M. H. H. and K. D. H. Al-jubouri. 2022. Maximization carrot minerals preserve and antioxidant capacity by foliar application of aqueous barley sprouts extract, trehalose, and calcium. Iraqi Journal of Agricultural Sciences, 53(1):122-132. https://doi.org/10.36103/ijas.v53i1.1515
-Ali, E. H., Y.T. Baker, and B.F Al-Douri.2022. Effect of supplementary irrigation system on wheat production efficiency using a stochastic frontier analysis. Iraqi Journal of Agricultural Sciences .53(2):353-364. https://doi.org/10.36103/ijas.v53i2.1542
-Ali, E.H., D. A. Abu Duaila and M. KH. Mohamme.2023. A Study Of Economic, Social, and Institutional Factors Affecting The Adoption Of The High-Rank Wheat Seeds. Iraqi Journal of Agricultural Sciences .54(1):161-175 https://doi.org/10.36103/ijas.v54i1.1688
-Ali, E.H. and M.F Faeq. 2019. Evaluation Management Broiler Production Projects at Baghdad Province Using Management Criteria. Iraqi Journal of Agricultural Sciences –:50(SpecialIssue):84-91. https://doi.org/10.36103/ijas.v50iSpecial.180
-Ali,E.H.and A.H.Lafta.2020. Measuring the Economic Efficiency and Total Productivity of Resource and the Technical Change of Agricultural Companies in Iraq Using SFA and DEA For The Period 2005-2017. Iraqi Journal of Agricultural Sciences –,51(4):1104-1117. https://doi.org/10.36103/ijas.v51i4.1089
Carvalho , R.O.D . M.B, Machado , and J.T, Schwanz , 2015 . Economic Feasbility of strawberry in a semi-hydroponic system and agroindustry on a small property . Agri Eng lnt : CIGR Journal . pp: 173 -181
Dung. D. D, I. R. Godwin and J. V. Nolan .2010.Nutrient content and I sacco Degradation of hydroponic barley sprouts grown using nutrient solution or tap water .J. of Animal and Veterinary Advances 9(18):2432-2436
Hardiansyah, H., and D. Harsanti, 2021. Business feasibility study on hydroponic vegetable business in ciawi bogor area (Bogor Veggies Case Study). Majalah Ilmiah Bijak, 18(1):83-99
Jassam, Q . T. 2020. An Economic and Analytical Study for The Marketing of Wheat and Barley Crops in Iraq for The 2020 Agricultural Season. Ph.D. Dissertation. College of Agricultural Engineering Sciences. University of Baghdad. pp: 169-174
Jassam ,Q. T. 2022. Economic study to measure the efficiency and items of marketing margins of tomato crop year 2015-al-taji district , Iraqi Journal of Agricultural Sciences .:48(3):791- 796. https://doi.org/10.36103/ijas.v48i3.393
Kaddouri, S.H. 2018. Study of The Effect of Replacing Cultured Barley with Green Alfalfa on Feeding Awassi lambs. M.S.C Thesis. College of Agricultural Engineering Sciences. University of Baghdad. PP 8-34
Khawla, B. and S. Narges. 2019. Hydroponic As One of The Solutions For Optimum Utilization of Water and Fertilizers. M.S.C Thesis. College of Natural and Life Sciences. University of Martyr Hama Lakhdar El Wadi. pp: 5-8
Lazo, R. P., and J. Q. Gonzabay, 2020. Economic analysis of hydroponic lettuce under floating root system in semi-arid climate. La Granja, 31(1): 118
Morgan,J.,R.R.Hunter and R. O. Ohaire.1992.Limiting factors in hydroponic barley grass production in the proceding of the 8th international congress on soil less culture .pp:241-261.1-442
Nursahib ,F., and B. Nurdin, 2021. Financial Feasbility Study of Hydroponic Vegetables Business (A Case study and on Serua Farm ,kots depok .).Psycholongt and Education . 58(1) , 105-112.
Rijib, M. Z., and O. K. Jbara. 2016. Measuring the technical efficiency and the rate of change in the TFP for farms rain-fed wheat in the region in light of differing size area. Iraqi Journal of Agricultural Sciences, 47(6):1475-1485. https://doi.org/10.36103/ijas.v47i6.477
Sace, C. F., and E. P, Natividad,. 2015. Economic analysis of an urban vertical garden for hydroponic production of lettuce (Lactuca sativa). International Journal of Contemporary Applied Sciences, 2(7), 42-56.
Saedi, A. R. 2014. Economic and Biological Evaluation of Feeding by Cultiured Barley and its Treatments to Awassi Dairy Sheep. Ph.D. thesis. An-Najah National University. Nablus. pp: 17-34
Salman, A. D. 2021. EFfect oF Ozone Fortification and spraying with organic nutrients and the Type Of nutrient Solution on Growth and Yield of Broccoli under the Modified NFT Hydroponics System. Ph.D. dissertation. College of Agricultural Engineering Sciences. University of Baghdad.pp: 1-212
Sinsinwar,S. and K, Teja. 2012. Development of accost effective ,energy sustainably hydroponic fodder production device .Agri. Engineering Interns .III,Kharagpur.pp:335
Somerville, M.C., 2017. Low-tech Hydroponic in The Gaza Strip Testing Feasibility , Profitability and Resource Use Eficiency . M.S.C of Organic Agriculture . Wageningen University .pp: 12-22
Souza, S. V., R. M. T. Gimenes, and E. Binotto. 2019. Economic viability for deploying hydroponic system in emerging countries: A differentiated risk adjustment proposal. Land use policy, 83, 357-369
Urayama, H., H., Takama, and S. Maruyama, 2017. Economic Feasibility of Coconut Coir-Based Hydroponics as an Alternative System for Crop Management in Thailand. Journal of Developments in Sustainable Agriculture, 12(1), 45-51
Zimmermann, M., and M. Fischer, 2020. Impact assessment of water and nutrient reuse in hydroponic systems using Bayesian Belief Networks. Journal of Water Reuse and Desalination, 10(4), 43.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
How to Cite
2.jpg)
2.jpg)
