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Journal of Applied Sciences
  Year: 2005 | Volume: 5 | Issue: 9 | Page No.: 1665-1668
DOI: 10.3923/jas.2005.1665.1668
An Investment Analysis of Peach and Cherry Growing in Turkey
Yasar Akcay and Meral Uzunoz

Abstract:
This study was conducted to determine profitability and feasibility of fruit farms by investment analysis in Amasya, Turkey. The criteria of Net Present Value (NPV), Cost-Benefit Ratio (CBR) and Internal Rate of Return (IRR) were used for investment analysis. Three different discount rates (10, 8 and 5%) were used to get the NPV and CBR for peach and cherry. The NPV for peach were found to be positive (32.0, 131.7 and 340.5 $/da). Also the NPV for cherry were found to be positive (3573.1, 4453.4 and 6327.5 $/da). In addition to that, the CBR for peach were bigger than 1 (1.01, 1.03 and 1.07) and the CBR for cherry were bigger than 1 (1.89, 1.94 and 2.03). The IRR for peach was 10.78% and 47.13 for cherry. According to the results that achieved by the study, it could be conducted that the investment is economically feasible. In the light of the findings of the present study, it can be perceived that the fruit farming can be one of the most important income sources for the farmers growing fruit especially cherry of research region in Turkey.
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How to cite this article:

Yasar Akcay and Meral Uzunoz , 2005. An Investment Analysis of Peach and Cherry Growing in Turkey. Journal of Applied Sciences, 5: 1665-1668.

DOI: 10.3923/jas.2005.1665.1668

URL: https://scialert.net/abstract/?doi=jas.2005.1665.1668

 
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