Análisis financiero para la implementación de un sistema estabulado en una finca de ganado de leche en Costa Rica

the financial feasibility for the implementation of a feedlot in a dairy farm was evaluated. the evaluation was made in the functional departments (production, marketing, human resources and finances) to determine the technical situation before changing the productive system. the reproductive and productive records were used to map out the growing of the herd with the program invest-ga？. financial analysis was carried out bysearching for market information, estimating the borrowing capacity of the company and nominal cash flows made from financial records of the dairyprofit？ program. the net present value (np) was obtained as a financial indicator from the different projections. a sensitivity analysis was made varying the production level of the animals (one-dimensional), and a marginal analysis was made by using the incremental npv obtained in the projections versus the productive system without investments. the best projection for the dairy farm was the investment in a stable, a mixer and receiving a lower payment for the additional milk delivered to the factory obtaining ￠237.129.530,15 and ￠89.169.075,85 for the npv and incremental npv, respectively. the receiving of the product by the dairy factories is one of the main factors affecting the implementation of more intensive systems in the dairy farms of costa rica. productivity of dairy farms determines their competitiveness, because as the specialization in dairy production systems grows, there are more external factors that may affect performance and, therefore, internal control systems must be accurate to adapt to the current situation.