Comparative Technical and Economic Analysis of Organic and Conventional Soybean Production in Greece

Stella KARIDOGIANNI, Ioannis ROUSSIS, Konstantinos TSIMPOUKAS, Panayiota PAPASTYLIANOU, Dimitrios BILALIS

Abstract


Soybean is considered to be an alternative crop and its cultivation could offer an innovative and high-quality product. A case study was implemented on an existing farm to examine the prospects of soybean production in Greece and to evaluate the economic outcomes of the crop cultivation under organic and conventional cropping system. The economic analysis showed that the cost of conventional soybean production was 0.37 €/kg, while the cost of organic soybeans was 0.50 €/kg. The organic and conventional soybean selling prices were 0.6 and 0.4 €/kg, respectively. In addition, the financial performance of the farm improved after the introduction of organic soybean crop, where the net profit increased by 26.3% compared to the initial profit of the farm, while the increase in the conventional was less at 10%. Soybean is a relatively new crop in Greece with high net profit, especially under organic cultivation mainly due to lower inflow of external imports.

Keywords


business plan; economic analysis; organic farming; soybean

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DOI: http://dx.doi.org/10.15835/buasvmcn-hort:2019.0005


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