ANÁLISE DE INVESTIMENTO NA CARCINICULTURA DO RIO GRANDE DO NORTE: UM ESTUDO DE CASO

Abstract

The paper aimed to examine the equity investment in shrimp production, a typical farm of the western region of Rio Grande do Norte, using the following criteria for project selection: Net present value (NPV), Internal Rate of Return (IRR), payback and Cost/benefit analysis (C/B). In a complementary manner it has evaluated the likelihood of change in Net Present Value and Internal Rate of Return, through the risk analysis. In the risk analysis input variables (inputs) were considered: the price paid to producers per Kg of shrimp and price of Kg of ration HD-35%, which represents 36.42% of the total cost per production cycle. The selected variables or (outputs) were the Net Present Value at 12% and 6%, and the Internal Rate of Return. The results of investment analysis, without considering price risk were: R$ 214,943.93 NPV 12% NPV 300,819.13 6%, 60% IRR, payback of two years and 1,4 Interface B/C. The survey results indicate that shrimp farming represents for the rural sector of Rio Grande do Norte, a leading alternative investment, considering that the average IRR, considering the risks of price, was 35.21%, ie any other investment would only be desirable, in comparison with investment in shrimp production, if present rate of return higher than 35.21%.