Strategies for investment in the Australian macadamia industry: Development and evaluation of an objective investment appraisal software model

Slaughter, G. J. and Mulo, S. (2012) Strategies for investment in the Australian macadamia industry: Development and evaluation of an objective investment appraisal software model. AFBM Journal (Agricultural Business Management and Farming Systems), 9 (2). pp. 57-69. ISSN 1449-5937

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Abstract

This paper describes the development and application of a dynamic financial appraisal software model, known as the Financial Planner for Macadamia. This whole farm financial model for macadamia farming integrates both the investment and financing decisions of project appraisal into a single software package. This enables the viability of potential investments to be evaluated in terms of net present value and internal rate of return, as well as the most appropriate financing options to ensure sufficient cash flows over the life of a project. Investment scenarios can also be directly compared and sensitivity analyses undertaken to provide further insights into the robustness of potential business scenarios over time. The Financial Planner for Macadamia was developed in response to the limited tools available to assist farmers, investors and financiers to make objective investment decisions in the Australian Macadamia Industry.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Papers published in AFBM Journal have a shared copyright between the author(s) and Charles Sturt University.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 26 Jan 2013 00:03
Last Modified: 05 Nov 2017 23:43
Uncontrolled Keywords: investment analysis; cash budget; profile comparison; sensitivity analysis
Fields of Research : 14 Economics > 1402 Applied Economics > 140201 Agricultural Economics
07 Agricultural and Veterinary Sciences > 0701 Agriculture, Land and Farm Management > 070106 Farm Management, Rural Management and Agribusiness
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
Socio-Economic Objective: B Economic Development > 82 Plant Production and Plant Primary Products > 8202 Horticultural Crops > 820206 Macadamias
URI: http://eprints.usq.edu.au/id/eprint/22784

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