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