Viabilidade Econômica Da Terminação De Bovinos Em Confinamentos No Estado De São Paulo

Queiroz, Kaio Expedito Rodrigues; Reis, Janderson Damaceno dos; Simões, André Rozemberg Peixoto

doi:10.22533/at.ed.46120210115

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“…According to Queiroz, Reis, and Simões (2020), considering the economic aspects of beef cattle production, there are three modalities of feedlot management: exclusive, strategic, and partnership. Exclusive feedlot management is characterized by farms that acquire feeder cattle, subject animals to feedlot finishing, and then sell cattle to packing plants.…”

Section: Previous Studiesmentioning

confidence: 99%

Analysis of economic viability under risk conditions of a beef cattle feedlot system in São Paulo State, Brazil

Queiroz

Reis

Simões³

2022

AMBIENTE

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Purpose: Assess the sensitivity and economic viability of the beef cattle feedlot system using as a reference a farm located in northern São Paulo State, Brazil. Methodology: A multidimensional approach was used to assess sensitivity. Financial results were analyzed in terms of cash flow using the net present value (NPV) as a viability indicator. Risks were incorporated using Monte Carlo simulations, considering feed, animal purchase, and animal selling prices as discrete random variables. The value measure was NPV, calculated using a minimum attractive rate of return of 7.55% per semester. Probabilities were estimated by relative frequency analysis. Results: The probability of a feedlot being economically attractive was 30.2%, indicating that the system was not viable in 69.8% of the cases. Sensitivity analysis showed that the feedlot was most vulnerable to fluctuations in selling price (a 1% increase in fed cattle price generated a 46% increase in NPV), followed by feeder cattle price (a 1% increase in feeder cattle price led to a 29% reduction in NPV) and feed price (a 1% increase in feed price produced a 12% reduction in NPV). Contributions of the Study: The findings of this study may support new evaluations in representative samples, complement previous studies on the topic, and assist decision makers.

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Section: Previous Studiesmentioning

confidence: 99%