Assesment of Investments by the Use of Software Application for Development of the Business Plan in Agriculture Cover Image

Assesment of Investments by the Use of Software Application for Development of the Business Plan in Agriculture
Assesment of Investments by the Use of Software Application for Development of the Business Plan in Agriculture

Author(s): Jonel Stubić
Subject(s): Economy, Business Economy / Management, Agriculture
Published by: Društvo ekonomista "Ekonomika" Niš
Keywords: economic effectiveness;investments;business plan;agriculture;

Summary/Abstract: In order to meet the requirements of more and more finicky customers, both on the domestic and foreign markets, the strengthening of the domestic economyc cmpetitiveness, imposes, besides all, the need for programs that will improve agricultural and rural development. Accordingly, it was done the software application for development of business plan in any field of agricultural production and rural economy. In this research, focus was turned on the economic efficiency of investments made in crop production. Specifically, the effects of the investment in agricultural land and mechanization for crop production were assessed. It was done by static and dynamic methods, as well as methods for investments assessment under uncertainty. In all three cases, the assessment of the project effects (including or excluding the time factor) indicates the justified investments.