Mustafa Haj Hmaidi*(1) and Mohammad Naser Al-Murai (2)
(1). Department of Economic, Faculty of Agriculture, Aleppo University, Aleppo, Syria.
(2). Department of Basic Sciences, Faculty of Agriculture, Aleppo University, Aleppo, Syria.
(*Corresponding author: dr. Mustafa Haj Hmaidi E-Mail: mhh4m@yahoo.com).
Received: 13/05/2020 Accepted: 03/06/2020
Abstract
This research was conducted to study the economics of bee keeping projects in Hama governorate during the year of 2018 by using descriptive analysis and financial feasibility. Data was collected form the studied area through questionnaire from a sample of (125 beekeepers). Some descriptive analysis tools were used in this study to determine the values of the most important indicators. The study also used discounted measures in order to make suggestive financial analysis to establish project for bee breeding containing 30 cells. The total cost of bee keeping in the studied area was 30082 SYP. The total revenue was 62350 SYP/per cell/year. Gross margin and farm net-income was 50942 and 37102 SYP/per cell/year, respectively. On the other hand, the economic efficiency and production efficiency reached 2.07 and 5.47, respectively. In addition, economic profitability factor reached 107.27% and commercial profitability factor was 446.55%. It is financially feasible to establish bee-keeping projects in Hama governorate since net present value reached 97904 SYP/per cell. Return-to-cost ratio was 1.32 and Internal Rate of Return (IRR) was 35.83%. Payback period was 2.79 year during project`s life cycle, which was estimated at 15 years. Beekeeping is considered profitable project. It is suggested to give it support in all other Syrian governorates.
Key words: Bee keeping, Financial analysis, Feasibility study, Internal Rate of Return IRR, Return-to-cost ratio, Payback period, Hama governorate.

Full paper in Arabic: PDF