Análise privada e social da aplicação de investimentos públicos em fruticultura: o caso da Cooperfam, em Maranguape, Ceará

Abstract

Rural development is always on the agenda of government authorities. These discussions are due to the fact that some locations have, mainly, reduced income levels and low human development indices (HDI) when compared to urban areas. This problem is especially worrisome in the Northeast, as most of the population lives in rural areas. Thus, the government implements actions to change this reality, through social projects and programs, aimed at rural areas. However, at the same time that Brazilian rural development is sought, the debate about how sustainable these projects are has grown. Due to this fact, the current model of rural development in Brazil is undergoing a transition, with sustainable development projects becoming more and more a priority on government agendas, especially in Ceará the São José Project, which is in its third phase. Having made these considerations, the objective is to carry out a private and social analysis of the funding granted by the São José III Project to the Agroecological Cooperative of Family Agriculture of the Caminho de Assis (Cooperfam), located in the Municipality of Maranguape in the State of Ceará. Primary data were collected in direct field research with the cooperative members and secondary data were obtained from the Cooperative itself, in December 2021. As methods of analysis, private and social analysis of projects are used through projected cash flows for the period of 10 years and calculation of the respective profitability indicators, commonly used to test the feasibility of projects, namely the benefit-cost ratio (RBC), the net present value (NPV), the internal rate of return (IRR) and the time of return of capital (Payback). Finally, it is concluded that the financing granted by the São José III Project generated positive returns both from the point of view of its private application and from the social point of view, for all discount rates presented, showing that it is convenient to continue the political actions of allocation of resources through the referred Project.