Economic Assessment of Sea Buckthorn Cultivation and Processing in Conditions of Intensive Production

Ľubomír Gurčík – Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 94976 Nitra, Slovakia

Zuzana Bajusová – Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 94976 Nitra, Slovakia

Jana Ladvenicová – Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 94976 Nitra, Slovakia

Abstract: The cultivation of medicinal plants is a current topic of grow­ing importance. In Europe, but also the world, the demand for high-quali­ty food is constantly growing. Sea buckthorn can be considered a function­al food, which is an intermediate step between classic foods and medicines. Sea buckthorn contains a high content of vitamin C, which makes it an ide­al helper in the treatment of flu or angina; thanks to the high content of vi­tamin B, it heals burns, has antiseptic effects, consumption of products from this medicinal plant ensures prevention in the treatment of cardiovascular diseases and cancer, supports digestion, detoxifies the body, purifies and supports the activity of the kidneys and urinary system, reduces high cho­lesterol, improves memory, has anti-inflammatory effects. In the contribu­tion, we focus on the economic assessment of the cultivation and process­ing of this superfood in an intensive cultivation method. We modeled two alternatives: “Alternative A” – frozen fruits, “Alternative B” – 100% sea buck­thorn juice. Based on the performed analysis, the second alternative is more economically efficient, given that the payback period is before the seventh vegetation year, the internal rate of return is at the level of 35.67% and the net present value reaches the level of 1,379,316 €. In the contribution, we also evaluated the intensity of production based on the resulting indicators (rev­enues, costs, management result per hectare, average profitability of reve­nues and costs) with conventional crops grown in the corn production area (wheat, barley, corn). We found that the values of all indicators were more favorable for sea buckthorn.

6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

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