Economic Aspects of Investment in Wheat Processing

Jeločnik, Marko and Subić, Jonel and Potrebić, Velibor (2022) Economic Aspects of Investment in Wheat Processing. In: II international scientific conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 301-308. ISBN 978-86-6269-110-1

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Abstract

In order to strengthen the competitiveness of agriculture, there come to notable increase in state support for investments in improvement of production and processing on individual or joined agricultural holdings in Serbia. Accordingly, paper is focused to assessing of economic effectiveness of investments in processing of wheat in selected agricultural cooperative. The business idea and cooperative needs assume the modernization and completion of the facilities for the wheat processing and production of mill products (human and animal flour). There is the plan to purchase electromechanical modular truck scale, a steel silo for wheat storing, stretch machine, equipment for quality control of wheat that enters the milling process and equipment for increasing the mill capacity and finished products quality. It is expected that with this investment, the cooperative would directly affect the strengthening of its competitiveness, while additional employment would indirectly affect the development of the local community. Considering that realization of the business idea relies partly on own funds, and partly on public incentives, in paper was made an assessment of the economic effectiveness of investment in purchase of equipment used in mill industry.

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