Investment in creating the value added in livestock production

Jeločnik, Marko and Nastić, Lana and Ilić, Božo (2024) Investment in creating the value added in livestock production. In: IV international scientific conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 181-194. ISBN 978-86-6269-134-7

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Abstract

Livestock production is one of the most important sectors that generally increases overall profitability gained in agriculture. It could be a good alternative to farms that have available large areas under the crop production. Special segment of livestock growing is milk production and further gaining of value added through the milk processing. Locally, within the dairy production traditionally appears full-fat cow cheese. In performed research was tested the economic justification of initial investment in cow milk production and later milk processing into the full-fat cheese that will enable the sustainability and increase in gained profits at observed farm located in northern part of Montenegro. Investment analysis involves appliance of usual set of indicators, mainly NPV, IRR and DPBP. Gained results have been showed that the investment decision could be considered as fully justified for the farmer.

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