Financial and economic return of red meat production projects in Minia governorate, Egypt

Document Type : Research article

Authors

Department of Agricultural Economics, Faculty of Agriculture, Al-Azhar University, Assiut, Egypt

Abstract

Red meat is characterized by the multiplicity of purposes of consumption as a basic source of animal protein, which is needed by humans in its direct and indirect form, as is the case in various meat factories, and red meat represented in beef, buffalo, sheep, goats and camels is the most important sources of animal production in Egypt, and the research problem was the reluctance of producers to expand in red meat production projects for Minia  governorate in Egypt, which had A significant impact on the low standard of living and economic well-being in Egypt in general and Minia  governorate in particular, so the research aims to study the productive indicators and some economic indicators for red meat production projects in Egypt and Minia  governorate, in addition to studying the financial evaluation and the most important problems and obstacles facing red meat producers in the research sample, and the method was used in this research Descriptive and quantitative statistics method through the use of some statistical tools and reliance on published and unpublished secondary data in addition to the questionnaire form in the research sample, the results of the research showed that the amount of annual shortage for each of the heads of cows, buffaloes, sheep, goats and camels in Egypt is about 156, 207, 281, 259, 6.1 thousand head respectively, and the research data indicated that the amount of annual shortage for each of the heads of cows, buffaloes, sheep, goats and camels in Minia  governorate is about 10.25, 17.47, 18.75, 22.76, 0.633 thousand head respectively, and the results of the research sample showed that the most important projects for the production of red meat in Minia  governorate are the projects of producing cattle, and the productive flexibility of the animal's weight when buying was about 1.02, 0.9 in the centers of Abu Qurqas and Malawi respectively, which means that if the weight of the animal increases when buying by 10%, this leads to an increase in the weight of the animal when selling by 1.02%, 9%, respectively, While the production flexibility of the total sample in the two centers was about 0.967, which means that if the weight of the animal increases when buying by 10%, this leads to an increase in the weight of the animal when selling by 9.67%, and the results of the research indicated that the profit margin ratio of the product amounted to about 19.64%, 16.54%, and 11.53%, respectively, for the three production categories, while the margin ratio for the total sample was about 15.95%, which indicates the economic feasibility of that project, It was also found that the most important problems and obstacles facing red meat producers in the study sample in Minia  governorate were the high feed prices, the decrease in net return and the high wages of rented labor by about 25%, 22%, and 13%, respectively, of the total opinions of cow breeders in the research sample.

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