Comparative investment analysis of agricultural irrigation systems

Abstract

The return of socio-economic prosperity in the population and developed countries in the world has increased the demand for agricultural products. It increases the need for agricultural water in production and production conditions to meet the increasing demand. Irrigation methods and irrigation systems are needed to meet irrigation water. As a matter of fact, which method or system is chosen for study researches and cost calculations. In this study, comparative economic analysis is aimed for irrigation. For this purpose, plant costs and operating costs of irrigation systems are determined, and investment costs are calculated. In addition, a cost-benefit analysis is performed for irrigation systems and the net present value and internal rate of return are calculated. As a result of the calculation; 1.02 in sprinkler irrigation systems, 1.13 in drip irrigation systems, 1.54 in center-pivot irrigation systems and 1.57 in linear move irrigation systems. According to these values, the cost ratio of linear move irrigation system is higher than other systems. The fact that the cost-benefit ratio is greater than 1 indicates that the investments are profitable. The net present values of irrigation systems are determined as $ 25.90 in sprinkler irrigation, $ 179.56 in drip irrigation, $ 833.00 in center-pivot irrigation and $ 844.46 in linear move irrigation and in terms of net present value, linear move irrigation systems come to the fore. In addition, the internal profitability rates of irrigation systems are calculated, and the rate of sprinkler irrigation was found to be 20.42%, in drip irrigation 29.09%, in center-pivot irrigation 76.16% and in linear move irrigation 76.41%. According to internal profitability rates, the most profitable system is linear move irrigation system. As a result, linear move irrigation systems are more profitable than other systems.