PROFITABILITY AND RISK OF THE MULCH-DRIP IRRIGATION SYSTEM ONION PRODUCTION, COSTA RICA

The profitability and risk of onion cultivation in Costa Rica in a conventional production system and an alternative system with drip irrigation and mulch were compared. Production costs for both systems and real agricultural prices were estimated, which were important factors in the simulation of p...

Full description

Saved in:
Bibliographic Details
Published in:International journal of food and agricultural economics 2022-01, Vol.10 (1), p.41-54
Main Authors: Gómez-Alvarado, José Esteban, Paniagua-Molina, Javier, Solórzano-Thompson, Johanna
Format: Article
Language:English
Subjects:
agricultural
Agricultural production
Agriculture
alternative
alternative, production
Community/Rural/Urban Development
cost
crop
Crop Production/Industries
Drip irrigation
Economics
Efficiency
Environmental Economics and Policy
Farm Management
Harvest
Herbicides
Irrigation
Irrigation systems
Monte Carlo
Monte Carlo simulation
Mulch
onion
Onions
Pathogens
Prices
production
Production costs
Profitability
Rain
Research and Development/Tech Change/Emerging Technologies
Resource /Energy Economics and Policy
Risk
risk analysis
Simulation
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The profitability and risk of onion cultivation in Costa Rica in a conventional production system and an alternative system with drip irrigation and mulch were compared. Production costs for both systems and real agricultural prices were estimated, which were important factors in the simulation of profitability scenarios. The results suggest that profitability improves in the alternative production system and risk decreases significantly, which allows mitigating the adverse conditions that the farmer usually faces. Despite the alternative production, onion growers are still exposed to high market risk due to price volatility.
ISSN:2147-8988
2149-3766
DOI:10.22004/ag.econ.319342