Economic Efficiency of Investment in Facilities and Equipment for Grains Storing

Subić, Jonel and Jeločnik, Marko (2023) Economic Efficiency of Investment in Facilities and Equipment for Grains Storing. In: Proceedings of the International Conference on Business Excellence (ICBE). De Gruyter Poland, pp. 1476-1486. ISBN 2558-9652

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Abstract

Serbia disposes with strong tradition in crop production, followed by significant natural resources and favorable climate conditions. Despite the good results in grain production, farms are in general economically so weak to possess and use the storing facilities, while they sell the products immediately after the harvest. After reconsidering the lack of storing facilities and consequences it affects, strategic strivings in strengthening of farm competitiveness initiate in previous period public support turned to building of storage capacities and purchase of necessary equipment. In paper was presented the assessment (by the use of dynamic and static methods) of economic effectiveness of investment in storing capacities, i.e. silos, showing that this investment (supported by public incentives) could represent the economically justified business decision for certain farms turned to crop, specifically grains production.

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