Empirical examination of financial and economic viability of Moringa oleifera production in the Bono East Region, Ghana

IF 1.1 Q4 ENVIRONMENTAL STUDIES

Forests, Trees and Livelihoods Pub Date : 2022-10-02 DOI:10.1080/14728028.2022.2141349

Christopher Kudzinawo, D. Awunyo-Vitor, C. Wongnaa

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引用次数: 3

Abstract

ABSTRACT This paper aims to assess the financial and economic viability of Moringa oleifera production as well as processing yield using data collected from 75 moringa farmers and a processing firm in the Bono East Region of Ghana. Descriptive statistics, as well as the discounted and non-discounted measures of project worth, were employed as analytical tools. A three-scenario based sensitivity analysis followed this to measure the robustness of the viability indicators to varying parameter values. The results revealed that an investment in Moringa oleifera production has a payback period of 1 year, 10 months, NPV of GH₵ 4,857.46(US$ 833), a BCR of 1.65 and an IRR of 63%, indicating Moringa oleifera production in the Bono East Region is viable. Considering the viability of this plantation and the potential it portrays for sustainable development, income generation, and job creation, we recommend that governments, Non-Governmental Organizations, and donor agencies support, invest, and encourage the cultivation, consumption, and activities of value addition to Moringa oleifera in their programs. This will lead to nutritional security, youth empowerment and liberation of villages and rural communities from intense poverty. It is also recommended that the government includes moringa plantation in its planting for food and jobs programs.

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加纳博诺东部地区辣木生产财务和经济可行性的实证检验

本文旨在利用从加纳博诺东部地区的75名辣木农民和一家加工公司收集的数据，评估辣木生产的财务和经济可行性以及加工产量。描述性统计以及项目价值的贴现和非贴现措施被用作分析工具。随后进行了基于三种情况的敏感性分析，以衡量活力指标对不同参数值的稳健性。结果显示，投资辣木生产的投资回收期为1年10个月，净现值为4,857.46美元(833美元)，BCR为1.65，内部收益率为63%，表明在波诺东地区生产辣木是可行的。考虑到该种植园的生存能力及其在可持续发展、创收和创造就业方面的潜力，我们建议各国政府、非政府组织和捐助机构在其项目中支持、投资和鼓励辣木的种植、消费和增值活动。这将导致营养安全、青年赋权以及将村庄和农村社区从极度贫困中解放出来。还建议政府将辣木种植纳入其粮食和就业种植计划。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Forests, Trees and Livelihoods Agricultural and Biological Sciences-Forestry

CiteScore

2.20

自引率

0.00%

发文量

期刊介绍： Forests, Trees and Livelihoods originated in 1979 under the name of the International Tree Crops Journal and adopted its new name in 2001 in order to reflect its emphasis on the diversity of tree based systems within the field of rural development. It is a peer-reviewed international journal publishing comments, reviews, case studies, research methodologies and research findings and articles on policies in this general field in order to promote discussion, debate and the exchange of information and views in the main subject areas of.