Analysis of investment in feedlot cattle in the central-western Brazil: A case study

Página do item simplificado
dc.contributor.authorSantos, David Ferreira Lopes [UNESP]
dc.contributor.authorJurca, Fernanda Lemos [UNESP]
dc.contributor.institutionUniversidade Estadual Paulista (UNESP)
dc.date.accessioned2022-04-29T09:23:55Z
dc.date.available2022-04-29T09:23:55Z
dc.date.issued2013-01-01
dc.description.abstractThis study analyzed the economic viability of an investment in feedlot cattle on a farm in the midsize state of Goiás. The research identified that different thematic studies whose interests have focused mainly on cost analysis and profitability punctual. Differently, this study used the approaches of the Discounted Cash Flow (DCF) and the Real Options Theory (ROT). The first used the projected cash flow for 10 years and a discount rate determined by CAPM at 8% p.a. for containment of heads 400. The second was modeled by the binomial model of Cox, Ross and Rubinstein (1979) incorporating the option of waiting. This methodology has not been employed in Brazilian cattle industry. The search results pointed to the economic viability of the project when considered possible scenarios for the different price ranges of the ox that state bushel. In addition, the TOR proved to be a more robust tool for investment analysis, by incorporating the flexibility of farmers to wait for the right time to make the confinement.en
dc.description.affiliationUniversidade Presbiteriana Mackenzie Instituição: Universidade Estadual Paulista, Via de Acesso Paulo Donato, Castellane, S/N, Jaboticabal/SP, CEP: 14.884-000
dc.description.affiliationInstituição: Universidade Estadual Paulista, Via de Acesso Paulo Donato Castellane, S/N, Jaboticabal/SP, CEP: 14.884-000
dc.description.affiliationUnespUniversidade Presbiteriana Mackenzie Instituição: Universidade Estadual Paulista, Via de Acesso Paulo Donato, Castellane, S/N, Jaboticabal/SP, CEP: 14.884-000
dc.description.affiliationUnespInstituição: Universidade Estadual Paulista, Via de Acesso Paulo Donato Castellane, S/N, Jaboticabal/SP, CEP: 14.884-000
dc.format.extent129-161
dc.identifier.citationCustos e Agronegocio, v. 9, n. 4, p. 129-161, 2013.
dc.identifier.issn1808-2882
dc.identifier.scopus2-s2.0-84894062437
dc.identifier.urihttp://hdl.handle.net/11449/232235
dc.language.isoeng
dc.relation.ispartofCustos e Agronegocio
dc.sourceScopus
dc.subjectDiscounted cash flow
dc.subjectFeedlot cattle
dc.subjectReal options theory
dc.titleAnalysis of investment in feedlot cattle in the central-western Brazil: A case studyen
dc.typeArtigo

Arquivos

Coleções

Artigos - Economia, Administração e Educação - FCAV