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Die Finansele Uitvoerbaarheid Van Spilpuntbesproeiing: Die Inagneming Van Risiko Met Behulp Van Ku1viulatiewe Waarskynlikheidsverdelings

Author

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  • Meiring, J. A.
  • Oosthuizen, L. K.

Abstract

The financial feasibility of six profitable centre pivot systems was evaluated by using cumulative density functions (CDFs) of crop prices and yields. CDFs do not only indicate all the outcomes but also the probability to realize a specific value of the performance measure. If the systems are fmanced over a period of 5 years, there is a probability of 70% for a cash flow deficit; this probability decreases to 35% with fmancing over ten years. The application of financial methods, bridging fmancing or adjusted production practises can be considered to ensure the fmancial feasibility of an investment. However reliable results can only be obtained if risks are taken into account as realisticly as possible in the analyses.

Suggested Citation

  • Meiring, J. A. & Oosthuizen, L. K., 1994. "Die Finansele Uitvoerbaarheid Van Spilpuntbesproeiing: Die Inagneming Van Risiko Met Behulp Van Ku1viulatiewe Waarskynlikheidsverdelings," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 33(2), June.
    • Handle: RePEc:ags:agreko:267706
    DOI: 10.22004/ag.econ.267706
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