Mathematics in Education, Research and Applications, MERAA online - banner

 

Creative Commons License

Mathematics in Education, Research and Applications (MERAA), 2020(6), 1


Back to Content

Published online 2020-07-08
DOI:https://doi.org/10.15414/meraa.2020.06.01.25-30

Production function estimation and economics of fast-growing plants cultivation for bioenergy purposes. Case study of Kolíňany

Martin Mariš
Slovak University of Agriculture in Nitra, Nitra, Slovak Republic

Article Fulltext (PDF), pp. 25–30

The paper explores the economic opportunities of growing fast-growing plants for bioenergy production and use. Based on primary data of the above-ground dry biomass of the Miscanthus × giganteus, from the experimental field of Kolíňany, the average yield during the life cycle of the crop was 33.31 t/ha (stand. dev. 7.07). The next step was assembling the economic model of gross financial yield based on using the biomass for the production of bioenergy. Using the Discounted Cash-flow model, the gross financial yield, neglecting the costs, was set to 1547 €/ha. Finally, adjusting for the growing conditions of the Miscanthus, we set the gross financial yield as a deferred annuity to 3036.93 €/ha per one life cycle of the crop.

Keywords: dry ground biomass, perpetuity, Miscanthus Giganteus, Gompertz curve, discounted cash-flow model, deferred annuity
JEL Classification: C13, C51