Economic Effects of Plum Plantation Establishment

Subić, Jonel and Jeločnik, Marko and Nastić, Lana and Vasile, Jean Andrei (2021) Economic Effects of Plum Plantation Establishment. In: International scientific conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 149-162. ISBN 978-86-6269-096-8

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Abstract

Plum is the most important fruit species in the Republic of Serbia both in terms of produced quantities and in the areas under plum plantations. In line with importance of this fruit species, the main objective of the paper is to determine the economic effects of investing in establishment of plum plantation at the 10 hectares. The analysis was performed based on the data gained from the farm of individual agricultural producer from the city of Čačak. Establishment of the plum orchard considers the use of the variety “Čačanska lepotica”. Assessment of the investment effects has been done based on the use of dynamic methods for investment evaluation, while the analysis of the investment sensitivity under the conditions of risk was also performed. According to the obtained results, it could be concluded that the investment in plum orchard establishment is profitable.

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