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Abstract
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Article Information:
An Application of Discounted Cash Flow Techniques in Feasibility Assessment: The Case of Pig Abattoir for Mafutseni Pig Farmers’ Associations (MPFA) of Swaziland
M.B. Masuku, T. Shabalala and A. Belete
Corresponding Author: Micah Masuku
Submitted: 2011 May, 07
Accepted: 2011 June, 07
Published: 2011 July, 20 |
Abstract:
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The Pig is one of the most prolific and efficient feed converting domestic animal amongst the
livestock. Pigs grow and mature fast, hence quickly provide maximum returns. Pig meat is tender with
appetising flavour, thus it is an essential food item. Pork is considered the most nutritious meat which provides
high energy value in human diet. The study aimed at establishing the feasibility of an on-farm pig abattoir for
the Mafutseni Constituency pig farmers. A feasibility study was conducted at three levels; namely, the
marketing feasibility, technical feasibility and financial feasibility. The on-farm pig project was found to be
feasible. The Net Present Value (NPV) of the project at fourteen percent (14%) discount rate was positive (E
14,921, 546.14). The Internal Financial Return (IFR) was high and attractive at 66.5%. The study recommends
that more efforts should be focused on the marketing of pigs and that farmers would have to honour their
contract conditions with the abattoir to ensure continuous operation of the abattoir.
Key words: Cash flow techniques, discounted cash flow, feasibility assessment, pig abattoir, , ,
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Cite this Reference:
M.B. Masuku, T. Shabalala and A. Belete, . An Application of Discounted Cash Flow Techniques in Feasibility Assessment: The Case of Pig Abattoir for Mafutseni Pig Farmers’ Associations (MPFA) of Swaziland. Asian Journal of Agricultural Sciences, (4): 327-334.
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ISSN (Online): 2041-3890
ISSN (Print): 2041-3882 |
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