Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 13 ISSUE 1
Written by Tsvetana HARIZANOVA
The paper analyses the rate of return on investment in a dairy cattle breeding farm in Bulgaria. To achieve the aim, it was investigated a dairy cattle breeding farm in Bulgaria first category with average number of 83 cows in the main herd. Based on information collected from the farm in 2012 and on own calculations it was defined the different types of investments necessary to create a farm. It was calculated also the rate of return of cash inflows, rate of return of cash outflows and investments per cow. It was found that the analyzed farm has implemented 12.5% rate of return on investment in 2012. Investments per cow are 4422 euros. The largest share of investments has the investments in productive animals (43.6%). 64.6% of the revenues are from the sale of milk. The largest share of the cash outflows have the purchase of feed and forage production - 58.3%. Subsidies play an important role for profitable operation of the analyzed farm.
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