Document Type : Review Article
Authors
1
Department of Regional Studies, Giza Research Unit, the Institute of Agricultural Economics, Agricultural Research Center
2
Department of Agricultural Economics, Faculty of Agriculture, Ain Shams University, Egypt
3
Department of Poultry Nutrition, Faculty of Agriculture, Ain Shams University
4
Department of Environmental Agricultural Sciences, Faculty of Graduate Studies and Environmental Research, Ain Shams University, Egypt
Abstract
Income from the livestock and poultry production sector is one of the most important components of the Egyptian national income from the agricultural field, although it suffers from a fodder gap (Poultry Producers Federation in Egypt, 2019). The feed deficit has been estimated at about 6 million tons per year, so feed components are imported in hard currency to fill this feed gap, so the search for non-traditional local sources of feed, components or substitutes can contribute to filling Egypt's feed deficit (Livestock Annual Bulletin, 2019). Poultry slaughterhouse waste contributes to the production of large quantities of feed concentrates, which can contribute significantly to solving this problem, filling the existing feed gap, and will also save a lot of hard currency in which feed concentrates are imported from abroad, which will have a positive impact on the Egyptian trade balance (Saad, 2022). Therefore, the research aimed to conduct a financial and economic evaluation of the recycling of poultry slaughterhouse waste to maximize its utilization and raise the added value of poultry production projects, in addition to reducing the pollution resulting from it, as it is one of the main obstacles to poultry production projects. The results of the financial measures showed that the revenue/cost ratio (B/C) at 13% discount rates 16% of the center's production of 50% protein from poultry massacres with no change in cost and revenue factors and the life of the project has reached about 2.6%, which confirms the feasibility of the project, The income-to-cost ratio is greater than the correct one, which means that each pound invested in the project yields an estimated net return of 2.6 pounds. As well as net current cash flows or net present value of the project (NPV) is about 63940, 53015 thousand pounds per discount factor of 13%, 16% respectively. The internal return rate of the project (IRR) was about 14.6%, meaning that the rate of return is greater than the opportunity cost prevailing in the society at the time of the study, namely the rate of interest of 12.3%. The recovery period of the project's capital was therefore estimated at about 6.8 years, which confirms that there is a speed in the recovery of capital.
It is evident that the project is economically viable.
Keywords: financial assessment, economic assessment, hangover from massacres, feasibility study
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