Abstract
This study estimates and compares the production costs and economic profitability of a greenhouse business adopting a sustainable floriculture production practice in their operation. We hypothesized that the adoption of this production system would result in increased profits for the business. Sustainable production practices that reduce or eliminate the use of plastic are very important in the floriculture industry due to increased concerns about plastic waste created by the industry, as well as increased oil and transportation costs. Using Net Present Value (NPV), financial feasibility and internal rate of return analysis, we determined that purchasing an Elleguard machine and converting to paper Ellepots instead of conventional plastic pots would be a profitable activity for this operation. We also compared the profitability of substrates, in terms of added value, and found that using the current substrate was the most profitable option. This study may provide greenhouse growers with a tool to help make better business decisions when considering a capital intensive addition to their operation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
