Sustainable Nutrient-Rich Food Production during COVID-19 Pandemic through Year-Round Vegetable Farming Using Hydroponic Technique †
Abstract
:1. Introduction
2. Methodology Followed
3. Results and Discussion
3.1. Estimation of Costs and Gross Income
3.2. Estimation of Profit per Year
3.3. Project Financing and Debt Payment
4. Conclusions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Acknowledgments
Conflicts of Interest
References
- Food and Agriculture Organization (FAO). Food and Nutrition in Numbers; Food and Agriculture Organization of the United Nations: Rome, Italy, 2014. [Google Scholar]
- World Health Organization (WHO). Fruit, Vegetables and NCD Disease Prevention. In Proceedings of the World Health Assembly, Geneva, Switzerland, 13–18 May 2002; Resolution. Volume 55, p. 23. Available online: https://www.who.int/dietphysicalactivity/media/en/gsfs_fv.pdf (accessed on 2 February 2021).
- Susan, S.P.; Jack, F.B.; Jhon, M. Bioactive food components that enhance ɣδ T cells functions may play a role in cancer prevention. J. Nutr. 2008, 138, 1–4. [Google Scholar]
- Bangladesh Agricultural Research Institute (BARI). Advanced Hydroponic Farming and It’s Implementation. Available online: http://www.uddoktarkhoje.com/ (accessed on 5 May 2020).
- Ullah, A.; Aktar, S.; Sutar, N.; Kabir, R.; Hossain, A. Cost Effective Smart Hydroponic Monitoring and Controlling System Using IoT. Intell. Control Autom. 2019, 10, 142–154. [Google Scholar] [CrossRef] [Green Version]
No. | Cost Item | Description | Cost (BDT) | Cost (USD) |
---|---|---|---|---|
1 | Fixed costs | (a) Polyhouse building and maintenance (10%) (Size: 100 m × 75 m) | 15,600,000 | 182,456 |
(b) Other fixed costs (covered trucks, nursery house, product processing room, office-cum-training room, covered vehicle parking area, etc.) and their maintenance (10%) | 9,328,000 | 109,099 | ||
(c) Equipment costs (hydroponic settings, cooling devices, fans, solar panels, generator, nutrient tanks, etc.) and maintenance (10%) | 3,311,000 | 38,725 | ||
Total fixed cost | 28,239,000 | 330,281 | ||
2 | Variable cost | Research materials, utility costs, salary of personnel, labour wages, etc. | 3,220,000 | 37,661 |
3 | Misc. costs | Advertisement, internet, stationery, etc. | 100,000 | 1170 |
4 | Total cost of production | 31,559,000 | 369,111 |
No. | Item of Cost | Amount (BDT) |
---|---|---|
1. | Variable/operational costs for the polyhouse | 3,220,000 |
2. | Polyhouse maintenance cost | 1,428,000 |
3. | Equipment maintenance cost | 301,000 |
4. | Maintenance cost of other establishments and vehicles | 848,000 |
5. | Misc. cost. (Advertisement, stationery, gifts, donations, etc.) | 100,000 |
Total concurrent cost | 5,897,000 |
Name of Vegetable | Plants/ Unit Area 1 (No) | Product/ Plant (kg) | Product/ Harvest (kg) | No. of Harvest/ Year | Product/ Year (kg) | Sale Price (BDT/kg) 2 | Income/ Year (BDT) | Income/ Year (USD) |
---|---|---|---|---|---|---|---|---|
Tomato | 2500 | 12 | 30,000 | 4 | 120,000 | 25 | 3,000,000 | |
Broccoli | 2500 | 5 | 12,500 | 4 | 50,000 | 30 | 1,500,000 | |
Cabbage | 2500 | 5 | 12,500 | 4 | 50,000 | 25 | 1,250,000 | |
Capsicum | 2500 | 10 | 25,000 | 4 | 100,000 | 80 | 8,000,000 | |
Lettuce | 10,000 | 4 | 40,000 | 5 | 200,000 | 25 | 5,000,000 | |
Total income per year | 18,750,000 | 219,298 |
Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 |
---|---|---|---|---|---|---|---|---|
Sales revenue | 18,750,000 | 18,750,000 | 18,750,000 | 18,750,000 | 18,750,000 | 18,750,000 | 18,750,000 | 18,750,000 |
Production increase | -- | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
Actual sales revenue | 18,750,000 | 19,687,500 | 19,687,500 | 19,687,500 | 19,687,500 | 19,687,500 | 19,687,500 | 19,687,500 |
Cost of production | 5,897,000 | 5,897,000 | 5,897,000 | 5,897,000 | 5,897,000 | 5,897,000 | 5,897,000 | 5,897,000 |
Gross profits | 12,853,000 | 13,790,500 | 13,790,500 | 1,37,90,500 | 13,790,500 | 13,790,500 | 13,790,500 | 13,790,500 |
General and admin costs | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 | 2,100,000 |
Net profit | 10,753,000 | 1,16,90,500 | 11,690,500 | 11,690,500 | 11,690,500 | 11,690,500 | 11,690,500 | 11,690,500 |
Benefit–cost ratio | 3.179 | 3.338 | 3.338 | 3.338 | 3.338 | 3.338 | 3.338 | 3.338 |
Loan payment | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 4,720,945 |
Net profits | 4,753,000 | 5,690,500 | 5,690,500 | 5,690,500 | 5,690,500 | 5,690,500 | 5,690,500 | 6,969,555 |
Particulars | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 |
---|---|---|---|---|---|---|---|---|
Principal amount | 32,567,000 | 29,498,030 | 26,152,853 | 22,506,610 | 18,532,205 | 14,200,103 | 9,478,112 | 4,331,142 |
9% interest | 2,931,030 | 2,654,823 | 2,353,757 | 2,025,595 | 1,667,898 | 1,278,009 | 853,030 | 389,803 |
Amount with interest | 35,498,030 | 32,152,853 | 28,506,610 | 24,532,205 | 20,200,103 | 15,478,112 | 10,331,142 | 4,720,945 |
Yearly installment | 6,000,000 | 6,000,000 | 6,000,000 | 60,00,000 | 6,000,000 | 6,000,000 | 6,000,000 | 4,720,945 |
Amount remaining | 29,498,030 | 26,152,853 | 22,506,610 | 1,85,32,205 | 14,200,103 | 9,478,112 | 4,331,142 | Nil |
Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. |
© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
Share and Cite
Karim, S.M.R.; Osama, R. Sustainable Nutrient-Rich Food Production during COVID-19 Pandemic through Year-Round Vegetable Farming Using Hydroponic Technique. Chem. Proc. 2022, 10, 69. https://doi.org/10.3390/IOCAG2022-12204
Karim SMR, Osama R. Sustainable Nutrient-Rich Food Production during COVID-19 Pandemic through Year-Round Vegetable Farming Using Hydroponic Technique. Chemistry Proceedings. 2022; 10(1):69. https://doi.org/10.3390/IOCAG2022-12204
Chicago/Turabian StyleKarim, S. M. Rezaul, and Raisa Osama. 2022. "Sustainable Nutrient-Rich Food Production during COVID-19 Pandemic through Year-Round Vegetable Farming Using Hydroponic Technique" Chemistry Proceedings 10, no. 1: 69. https://doi.org/10.3390/IOCAG2022-12204
APA StyleKarim, S. M. R., & Osama, R. (2022). Sustainable Nutrient-Rich Food Production during COVID-19 Pandemic through Year-Round Vegetable Farming Using Hydroponic Technique. Chemistry Proceedings, 10(1), 69. https://doi.org/10.3390/IOCAG2022-12204