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Feasibility Report of Tunnel Farming in Pakistan
Feasibility Report of Tunnel Farming in Pakistan
ASSIGNMENT AE-707
long as it isn't harvested until it thaws. It’s also challenging to control high
temperatures when the sun shines. Owners regulate the temperature by
opening the tunnel doors, installing vents or lifting and lowering the sheets
of plastic. They have got to irrigate the plants, which do not get rain, but also
watch the humidity, which can promote disease. So, the biggest challenge is
the tremendous amount of management
Tunnels can be large or small. Many high tunnels are about 90 feet long and
20 feet wide, with wooden and aluminum frames. Unlike greenhouses,
tunnels are covered with plastic, lighted only by the sun, and lack automated
heating and cooling systems. The high tunnel growing unit, a simple
structure with little environmental control equipment, less expensive to
build. They cost much less than greenhouses to build, usually about $4,000.
Fruit & Vegetable Development Project (FDVP) of the Punjab Agriculture
department has installed 45 tunnels in six regions of the province. The
regions selected for tunnel farming included Lahore, Rawalpindi, Multan,
Sargodha, Toba Tek Singh and Rahim Yar Khan and the framers of 45
villages of these regions will be educated about cultivation of four
vegetables, cucumber, tomato, green chili and capsicum, during off-season.
The tunnels were set up over an area of 12 marla for education purposes
only while hybrid seeds would be used for cultivation as production of these
seeds was more than normal seeds. On the other hand, the production of
tunnel farming was 10 times more than normal farming, they added.
Previously, tunnel framing was continued in only 1500 acre land of the
province and now only in Okra and Sahiwal districts around 1500 acre land
was being used for this farming only.
So, vegetables tunnel farming has becoming a growing phenomenon in
Pakistan. High demand for the produce followed by high returns and
improved quality has motivated the farming community to enter into tunnel
farming business. However, it is felt that there is a demand for technical
know-how of this field in order for people to enter this business. The
immense potential for advisory / consultancy business in tunnel farming
cannot be ignored.
REVIEW OF LITERATURE:
Where “ At” is the project cash flow (either positive or negative) in time
(takes on value from year 0 to n. Where n represents the point in time when
the project comes to the end of its life). “r” is the annual rate of discount or
the time value of money (which is here assumed to remain a constant over
life of the project).
ⁿ
∑ At = 0
t=0 (1+r)t
INCREME PRESENT
GROS NTAL DISCOUNT DISCOUNT DISCOUNT PRESENT WORTH PRESENT
S GROSS CASH FACTOR FACTOR. FACTOR. WORTH AT WORTH
YEAR COST PROFIT FLOW 20% 32.49% 55% AT 20 % 32.49% AT 55%
-
1 11.82 4.16 -7.66 0.83333333 0.75477395 0.64516129 -6.383333 5.7815684 -4.941935
2 3.2 6.59 3.39 0.69444444 0.56968371 0.41623309 2.354167 1.9312278 1.4110302
3 3.12 6.8 3.68 0.57870370 0.42998242 0.26853748 2.12963 1.5823353 0.9882179
4 3.02 7.18 4.16 0.48225309 0.32453953 0.17324999 2.006173 1.3500844 0.7207199
5 2.9 7.52 4.62 0.40187757 0.24495398 0.11177418 1.856674 1.1316874 0.5163967
6 2.86 7.9 5.04 0.33489798 0.18488488 0.07211238 1.687886 0.9318198 0.3634464
7 2.69 8.28 5.59 0.27908165 0.13954629 0.04652411 1.560066 0.7800638 0.2600698
8 2.54 8.68 6.14 0.23256804 0.10532590 0.03001556 1.427968 0.6467011 0.1842955
9 2.34 9.1 6.76 0.19380670 0.07949725 0.01936488 1.310133 0.5374014 0.1309066
10 2.25 9.53 7.28 0.16150558 0.06000245 0.01249347 1.175761 0.4368179 0.0909524
TOTAL 36.74 75.74 39 4.19247209 2.89319036 1.79546642 9.125124 3.5465704 -0.2759
IRR=55%
=14.52
=1.65
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