Open AccessInvestment feasibility analysis of dragon fruit farming
Author(s) -
Pithunglo L. Kikon,
Dipanjan Kashyap,
Jharna Choudhury,
H. Aisolia Devi,
Rajkumari R. Devi
Publication year - 2021
Publication title -
international journal of agricultural sciences/international journal of agricultural sciences
Language(s) - English
Resource type - Journals
eISSN - 0976-5670
pISSN - 0973-130X
DOI - 10.15740/has/ijas/17.2/265-270
Subject(s) - investment (military) , agriculture , business , agricultural science , internal rate of return , scope (computer science) , agricultural economics , economics , geography , production (economics) , biology , political science , macroeconomics , archaeology , politics , law , computer science , programming language
Dragon fruit is a climbing cacti and a new introduction in India, also known as ‘The wondrous fruit of the 21st Century’ due to its neutraceutical properties. The study was conducted in Dream Dragon Fruit Farm in Nagaland state of India. To estimate the economics of the farm, investment feasibility analysis was performed. The Net Present Value was found positive (Rs. 2,08,29,478.00), which indicates worthy investment of the proprietor. Benefit Cost Ratio was also greater than 1 (2.04), which also favours the investment. Internal Rate of Return of 11.78 clearly indicates a sound financial position of Dream Dragon Fruit Farm and hence the liabilities of the farm could be met easily during any unexpected closure in future. There is a wide scope in taking up dragon fruit farming and with proper Government intervention can lead to massive success for the farmers and a boon for the whole country.