Abstract
Cultivation of medicinal and aromatic plants significantly contribute to affordable healthcare and livelihood security. This study aims to investigate the economic analysis of Syrian oregano (Origanum syriacum) production with total area of 1000 m2, depending on some standard economic indicators. The results showed that the annual net profit constitutes 56% of the total annual revenues. Furthermore, the net present value after six years was a positive value, and the index of profitability was 2.71, which confirms the economic viability of this project. The internal rate of return (IRR) reached 90.67%, which is a good number compared to the bank interest rate. Although this project does not occupy large areas, (a small possession 500-2000 m2 is sufficient for its establishment), but it is able to achieve guaranteed profits within a short period. Therefore, Thyme cultivation should be expanded by providing small farmers the necessary technical support and drawing their attention to economic efficiency of such project.
Sign-in/Register to access full text options 
Free) 
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 call
