Feasibility Study of Investing in Oil Palm Cultivation in ... 16-18 2556 Feasibility Study of...
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2556 16-18 2556 Feasibility Study of Investing in Oil Palm Cultivation in Prachinburi Province 1* 2 E-mail: [email protected] * Pornprapa Laosrirattanachai 1* Punnamee Sachakamol 2 1,2 Department of Industrial Engineering, Faculty of Engineering, Kasetsart University, Bangkok E-mail: [email protected] * 640-800 1 Abstract Oil palm is a plant that plays an important role in the world economy because it is considered as both food and energy crops. In comparison with other alternative energy crops, palm can be yielded the
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2556 16-18 2556
Feasibility Study of Investing in Oil Palm Cultivation in Prachinburi Province
1* 2
E-mail: [email protected] *
Pornprapa Laosrirattanachai 1* Punnamee Sachakamol 2
1,2Department of Industrial Engineering, Faculty of Engineering, Kasetsart University, Bangkok
E-mail: [email protected] *
640-800 1
Abstract
Oil palm is a plant that plays an important role in the world economy because it is considered as both
food and energy crops. In comparison with other alternative energy crops, palm can be yielded the
2556 16-18 2556
maximum oil level as around 640-800 kg from 1,600 square meters palm field. Nowadays, the demand of
palm oil is very high for both industries and agricultural of domestic consumers. To provide palm oil to the industries effectively, a route from Laem Chabang port, Chonburi Province to Prachinburi Province is
a high potential one to enhance network performance and logistic system. In addition, this route is
connected to the main highway to SaKaeo Province border which is the primary commercial hub between Thailand and Cambodia. Therefore, this research aims to study feasibility of investing in oil palm
cultivation in Prachinburi Province. The study is carried out by collecting the primary data from interviews with growers and collecting secondary data from books, journal articles, research reports, and relevant
statistical information. These collected data will be used to set the feasible layout in term of marketing,
technical, management, and financial views. The results obtained from the study is applied to determine strategies, marketing plans, and forecasting revenues in financial analysis for the purpose of evaluation
and investment decision. In technical view, the result will advise in term of production process, properties and raw material requirements as well as employment. In management, the study will help in defining
administration and operations. Furthermore in financial view, the financial statement can be prepared in
advance including balance statement and cash advance. These will help in evaluating the feasibility of the project compared with the net present value and rate of return of project.
Keywords: Feasibility study Oil palm Net present value Return of the project
1.
(agro-industry)
-
-
-- 359)
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(Genetically
Modified Organisms : GMOs)
2.
[1]
4
Pro Forma Financial Statement
2.1
2.2
[2]
2.3
2.4
2.4.1 Net Present Value : NPV
cost of capital
[3]
NPV = 1
= t =
t i = discount rate t =
n = 0
initial investment
2.4.2 Internal Rate
of Return : IRR
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discount rate
NPV 0B/C 1
[3]
IRR = = 0 2
= t = t i = t =
n = 0 Initial investment
2.4.3
[4]
= 3
2.4.4
[3]
B/C ratio = 4
= t =
t i = n = 0 Initial
investment
2.4.5
[5] 10%
10% NPV IRR B/C ratio PP
10% 10%
[6]
2,184,774
1,184,774 54.23
1,000,000 45.77 8.30
1,459,368 IRR 26.65197%
4
33%
20%
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[7]
NPV
BCR
IRR 1,023,569.50 ,
1.37 6.14 NPV,BCR, IRR 855,860.85, 1.36
6.26
1.67
2.56 21.57 16.35
[8]
1198,246.19
11.25
1.02 9 1 9
10 10
11 1
9 1010
11 1 10
3.
3.1
4
3.2
3.2.1 Primary Data
5 3
2 3.2.2 Secondary Data
3.3
4.
4.1
4.1.1
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2555
2552 6.7
2
4.1.2
Crude Palm Olein
4.1.3
2554
2.98 2555
3.64 4.1.4
51%
38% 11% 1
1
KResearch
4.1.5
9x9 22
50 50
1,100
2
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3
25 3
1
3-8 3 4,200 4-8
7,350 2 9-15
9,450 3
16-25
8,400
15
4 2555 2556 1
1
50
4.2
4.2.1
[9] , ,
28 , 74.8
, 1.6 1,789.6 ,
1,100 - 2,600
2544
17 28.57
489,000 ,
115 5.34 21,000
59 92,000
50
4.2.2
4.2.2.1
200,000
50 10,000,000 4.2.2.2
500 2
1,000 50
50,000 4.2.2.3
1,195,920
(
1 - - -
2 - - -
3 210,000 4 840,000
4-8 367,500 4 1,470,000
9-15 472,500 4 1,890,000
16-25 420,000 4 1,680,000
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4.2.3
4.2.3.1
1 120
50 1,100
132,000
4.2.3.2
50 2 4.2.3.3
2-25
50
5,600
2
50
4.2.3.4
3
4.2.3.5
1 23,760.00 14 173,250.00
2 34,650.00 15 164,450.00
3 42,680.00 16 164,450.00
4 73,700.00 17 173,250.00
5 129,250.00 18 164,450.00
6 129,250.00 19 164,450.00
7 141,350.00 20 173,250.00
8 173,250.00 21 164,450.00
9 164,450.00 22 164,450.00
10 164,450.00 23 173,250.00
11 173,250.00 24 164,450.00
12 164,450.00 25 164,450.00
13 164,450.00
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6,000
3
50
4.2.4
4.3
4.3.1
4.3.2
690,000
1
4.3.3
1 1
4.3.3.1
4.3.3.2
4.3.4
4.3.4.1
30 50
1,100 33,000 4.3.4.2
30 ,
160 ,125
450 4.4
1-2 1
3
9-15 25
4.4.1
(
1 101.50 30 3,045.00
2 137.00 30 4,110.00
3 151.35 30 4,540.50
4-8 102.24 30 3,067.20
9-15 153.48 30 4,604.40
16-25 166.00 30 4,980.00
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5
4,505,405.81
4.4.2
5 8
5 8
7.53
4.4.3
23,002,471.60
18,497,020.79
1.24 4.4.4
12 4 4
4.4.5
10
10 NPV>0, IRR>5, B/c Ratio >1, PP<12
10 10
10 10 NPV>0, IRR>5,
B/c Ratio >1, PP>12
10
10 4
4
10 10 10 10
NPV 2,655,748.74 6,355,152.89 6,494,076.05 2,516,825.57
IRR 6.34 8.62 8.41 6.38
B/C Ratio 1.13 1.38 1.35 1.14
PP 15 2 4 10 1 6 10 7 4 14 7 8
5.
4
25
5
[1] 2539. , :
[2] . 2534.
:
[3] . 2542
, 1, ,
: 134
2556 16-18 2556
[4] , , ,
, 2543.
, 1 :134 [5] . 2533
, 10, , : 9-8
[6] 2547.
.
[7] 2546.
,.
[8] 2554.
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[9]
