On the Economic Benefits of Cut Roses Planting in Sanya

Yaqiong Lin, Guanming Chen, Huiqiu Xu and Liping Wang

Asian Agricultural Research, 2013, vol. 05, issue 10, 3

Abstract: The study aims to promote the off-season cut roses industry in Hainan Province to the whole island and even whole China. Based on the production data in latest three years, the theory of time value was introduced to analyze the economic benefits of cut roses planting in South Hainan. According to the research findings, the cut roses create a NPV of ￥22 000//667㎡ with a net NPV rate of 34.24%，an internal rate of return of 76.36%，and a dynamic payback of 1.05, bringing the farmers a revenue of ￥7 200/667㎡ per capita per year. Since the large-scale planting of cut roses needs a high investment, it is suggested that the government should increase its support for the cut rose industry.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:160711

DOI: 10.22004/ag.econ.160711

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