An Economic Study of a Honeybee Breeding Project

Abstract

Honey bee projects are characterized by a low capital required to start the project when compared to that needed for other projects. The capital cycle is relatively fast, as it reaches honey every 4 months, and produces and multiplies the by-products of honey bee breeding project, such as wax, royal jelly, trade in parcels, bee venom, bee glue (propolis), queens, medicines from bee products, pollination of fruit trees, increasing agricultural production, and other by-products. Accordingly, during the current study, the focus was on the feasibility study for the honey beekeeping project, where the focus was on a case study for the financial evaluation of syphilis cell apiary projects in Qalyubia Governorate as one of the projects that facilitate the joining of young graduates, and also as one of the small and micro agricultural investment projects that absorbed not a small amount of young graduates and absorbed a significant amount of unemployment currently existing in Qalyubia Governorate in Egypt, during the agricultural season 2021.-2-22. The problem of the study is that despite the multiplicity of benefits of honey breeding projects, these projects did not receive sufficient attention and awareness of guidance and economic from investors and decision makers. The research aims to seek to raise the economic efficiency of some existing agricultural investment projects in Qalyubia Governorate in Egypt, through financial and economic evaluation, as well as analysis of the sensitivity of honey production projects in light of some assumptions that aim to achieve the maximum possible economic efficiency, in order to give a clear picture to investors about the actual status of the project under study, a honey production project, in order to decide on judging the success of investment in the project so that the investor can invest his money as efficiently as possible. The published and unpublished data were obtained from the official authorities from several sources, the most important of which is the Small Projects Development Authority in Qalyubia Governorate. Many different sources have also been relied on to cover the elements of the research through studies, reports, bulletins and other sources related to the subject of the research. As well as the preliminary data through the number of 25 questionnaire forms as a sample, where a deliberate sample was selected to study the feasibility of honey bee breeding project, a case study of Qalyubia Governorate, as an example of small agricultural projects, and the choice was made for the spread of honey breeding apiaries in it as a place for study, which is that intentional sample that was relied upon with the owners of projects to raise honey bees, in addition to the Internet and specialized references to the subject of the study. The most important results were that this project achieves at the discount rate of 15% a positive net present value estimated at 140541.0868 pounds / year, as well as the ratio of discounted cash flows to discounted costs > 1 and the discounted profitability index for this project was estimated at about 1.44%, which is a value greater than the correct one. It means that each invested pound has generated a net return of 44 piasters, which exceeds the opportunity cost of this project, which is the interest rate on borrowing estimated at about 16%, which indicates that the project has the capabilities and ability to recover fixed capital, production costs (variable) and operating costs (depreciation, maintenance) that were spent on it. Therefore, the study recommends that these types of projects continue to be funded according to this criterion. How to Cite: Ahlam Ahmed Hassan, Dalia M. Nasr El Batran, 2023. "An Economic Study of a Honeybee Breeding Project." Journal of Agriculture and Crops, vol. 9, pp. 553-565.