Economic-financial feasibility of pantaneiro lamb finishing systems

ABSTRACT: Technical and economic-financial performance of pantaneiro lamb finishing in feedlot (F) and semi-feedlot (SF) was evaluated. When analyzing the profitability, economic efficiency and the price sensitivity, was profit in all the scenarios evaluated. The gross margin (GM) was 69% and 52%, net margin (NM) was 65% and 48% and profitability index (PI) was 39% and 29%, as well as total productivity of factors (TPF) was R$1.53 and R$1.36, respectively, in the systems F and SF. Investment analysis showed that the activity is economically viable, remunerating all production factors and capital invested. Internal return tax was, respectively, 27% and 16% for the in feedlot and semi-feedlot systems.

摘要：本研究评估了潘塔内罗羔羊（pantaneiro lamb）分别采用舍饲育肥（feedlot，F）与半舍饲育肥（semi-feedlot，SF）模式的技术与经济财务表现。通过对盈利能力、经济效率及价格敏感性开展分析，所有评估场景均实现盈利。舍饲与半舍饲系统的毛利率（gross margin, GM）分别为69%与52%，净利率（net margin, NM）分别为65%与48%，盈利指数（profitability index, PI）分别为39%与29%；全要素生产率（total productivity of factors, TPF）分别为1.53巴西雷亚尔与1.36巴西雷亚尔。投资分析结果表明，该养殖活动具备经济可行性，可足额回报全部生产要素投入与所投入资本。舍饲与半舍饲系统的内部收益率分别为27%与16%。