Organic Fertilizers: An Agroecological and Commercial Bet On Smallholders in the Sumapaz Region
- 1 Faculty of Administrative, Economic and Accounting Sciences, University of Cundinamarca, 18th Diagonal # 20-29, Fusagasuga, Colombia
- 2 Faculty of Electronic Engineering, University of Cundinamarca, 18th Diagonal # 20-29, Fusagasuga, Colombia
- 3 Faculty of Agricultural Sciences, University of Cundinamarca, 18th Diagonal # 20-29, Fusagasuga, Colombia
Abstract
The feasibility of an agroecological project is supported, among other factors, by the cost-benefit relationship, which tends to shift profitability paradigms on organic fertilizers within the context of long-term finances. For this purpose, the objective of this paper is to carry out a financial study to market organic fertilizers (compost and vermicompost) in the Sumapaz region. An initial analysis of the production zones is conducted, starting with the qualification of 11 farms with livestock and agricultural production obtained through a stratified random sampling. Later on, this is translated into a financial analysis of the cost-benefit ratio in the marketing and agricultural use of organic fertilizers. In order to develop the project, four stages are designed: A description of the operating cost performance of the fertilizer production process; project’s initial investment; projected financial statements; and cost-benefit ratio analysis of organic fertilizer's marketing and agricultural use. Finally, the results of this study will show the profitability. Through a Net Present Value of COP $442.067.710 (USD $110,000), will be obtained an Internal Rate of Return of 136% and a cost-benefit ratio of 11.58, which represent economic and environmental benefit compared to agrochemical inputs, through a workable system for small holders.
DOI: https://doi.org/10.3844/ojbsci.2020.84.90
Copyright: © 2020 Elizabeth Ann Escobar Cazal, Taha Ahmadi, Diego Fabián Bejarano Morales, Gonzalo Escobar Reyes and Natalia Escobar Escobar. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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Keywords
- Agroecology
- Sustainability
- Profitability