Métodos de avaliação financeira: uma reflexão sobre um projeto para produção de camarão em cativeiro

Abstract

By the 2000s the shrimp farming activity in Brazil was basically developed extensively, with low stocking densities and little technology involved in the production process. In recent years the study of new techniques of production and management has been intensified, as well as the genetic improvement and the improvement of the inputs (ration, probiotics, etc). These new techniques have spawned new production models that specialize in much larger production in a much smaller area, the so-called super-intensive shrimp farming, dramatically increasing production capacity, which makes the market more attractive to new entrants interested. Added to this fact is the increase in the demand for domestic consumption and the finding that the rates of fish consumption of a Brazilian are well below the world average. Based on these facts, a project was developed for captive shrimp cultivation, using these new productive techniques, managing the data in a realistic way, in order to show the economic-financial viability of the proposed business model in this project. Calculations will be made of some feasibility indicators of the project, such as Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Period. The indicator used for the decision-making of the investor will be the Net Present Value (NPV). After verification of the viability of the business will be made the sensitivity analysis of the variables most relevant to the project. With the results obtained through the calculations of the indicators mentioned above, it is concluded at the end that super-intensive shrimp farming presents a very advantageous profitability for the investor and shows the impact of the improvements in the production system on the final result of the business.