Abstract:
The purposes of this study are to investigate the financial feasibilities of the investments on the standard native chicken farms. The general conditions of the farms in Nakhon Si Thammarat Province including the distribution characteristics and problems were examined by using the financial indexes for analyzing the financial feasibilities of the investments including the payback period (PB), net present value (NPV), internal rate of return (IRR), benefit-cost ratio (BCR), and analysis of the return on investment with the switching value test (SVT). The secondary data were obtained from the academic literatures and the primary data were obtained from the records and interviews with the five broiler breeder chicken breeders and 11 native chicken breeders who were randomly sampled with the snowball sampling method.
It was found that there were two types of chicken farms: mixed and separated chicken generations. There were two breeding environments: yards and (temporary) coops. The preparations of the coops were dependent on the breeders' methods. The chickens were wholesaled through middle persons taking the chickens at the farms. The most popular weight of the chickens in the market was 1.6 kg. The middlemen were the ones pricing the chicken at the farms. The average price was 75 baht per kilogram. To breed the native chicken, there were production problems. The most frequently problem was about pricing. Afteranalyzing the financial feasibilities of the investments on the standard native chicken farms by using the financial indexes, PB is five years and four months. NPV is 2,659,084 baht or positive. This shows that this project is interesting. IRR is 10% or slightly higher than the interest for calculating the current value. BCR is 1.16 and higher than one. This shows that the return is higher than the cost of the project. By analyzing the investment risk, it was found that the cost variances of the farms were increased for not higher than 16 percent and the effect of the return on investment was not higher than 13 percent. This indicates that this project is feasible and appropriate for receiving substantial supports.
WALAILAK UNIVERSITY. CENTER FOR LIBRARY RESOURCES AND EDUCATIONAL MEDIA