Production function estimation and economics of fast-growing plants cultivation for bioenergy purposes. Case study of Kolíňany

The paper explores the economic opportunities of growing fast-growing plants for bioenergy production and use. Based on primary data of the above-ground dry biomass of the Miscanthus × giganteus, from the experimental field of Kolíňany, the average yield during the life cycle of the crop was 33.31 t...

Full description

Bibliographic Details
Main Author: Martin Mariš
Format: Article
Language:English
Published: Slovak University of Agriculture in Nitra 2020-07-01
Series:Mathematics in Education, Research and Applications
Subjects:
Online Access:http://meraa.uniag.sk/docs/2020-01/maris.pdf
Description
Summary:The paper explores the economic opportunities of growing fast-growing plants for bioenergy production and use. Based on primary data of the above-ground dry biomass of the Miscanthus × giganteus, from the experimental field of Kolíňany, the average yield during the life cycle of the crop was 33.31 t/ha (stand. dev. 7.07). The next step was assembling the economic model of gross financial yield based on using the biomass for the production of bioenergy. Using the Discounted Cash-flow model, the gross financial yield, neglecting the costs, was set to 1547 €/ha. Finally, adjusting for the growing conditions of the Miscanthus, we set the gross financial yield as a deferred annuity to 3036.93 €/ha per one life cycle of the crop.
ISSN:2453-6881