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Financial and Economic Analysis of Producing Commercial Tomatoes for Fresh Market in the Georgia

Author

Listed:
  • Fonsah, Esendugue
  • Hudgins, Joel

Abstract

This study examines the financial and economic viability of producing commercial tomatoes for the fresh market in Georgia. Historical data on yields, prices received by growers, and actual production input prices were collected and used to develop an enterprise budget. Specifically, the study was aimed at analyzing profit margins and break-even conditions, and presents various operating scenarios under a risk-rated return framework. Analysis of enterprise cost and return estimates indicated that commercial tomato production is a lucrative business enterprise worth investing.The result will be useful to Georgia and the neighboring southeast and deep-south states that adopt similar agricultural production practices.

Suggested Citation

  • Fonsah, Esendugue & Hudgins, Joel, 2007. "Financial and Economic Analysis of Producing Commercial Tomatoes for Fresh Market in the Georgia," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-8.
    • Handle: RePEc:ags:jasfmr:189902
    DOI: 10.22004/ag.econ.189902
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    Cited by:

    1. Sam Kaninda Tshikala & Esendugue Greg Fonsah & George Boyhan & Elizabeth Little & Julia Gaskin, 2020. "Economic Analysis of Crop Rotation Systems for High Value Cool-Season Vegetables in the Southern Region, USA," Agricultural Research & Technology: Open Access Journal, Juniper Publishers Inc., vol. 25(2), pages 87-93, October.
    2. Saurav Raj Kunwar & Sujata Bogati & Esendugue Greg Fonsah & Lal Prasad Amgain, 2019. "Economic Assessment of Adopting Nutrient Expert® Wheat Model Vs Conventional Wheat Fertilizer Application Management in Morang, Nepal," Journal of Agricultural Studies, Macrothink Institute, vol. 7(3), pages 38-48, September.
    3. Ahmadiani, Mona & Li, Chun & Liu, Yaqin & Fonsah, Esendugue Greg & Bliss, Christine & Brodbeck, Brent & Andersen, Peter, 2016. "Profitability of Organic Vegetable Production via Sod Based Rotation and Conventional Versus Strip Tillage in the Southern Coastal Plain," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 5(4).
    4. Fonsah, Esendugue Greg & Awondo, Sebastian N., 2016. "Cost Estimates and Investment Analysis for Muscadine Grapes Production in Georgia," Journal of Food Distribution Research, Food Distribution Research Society, vol. 47(1), pages 1-5, March.
    5. Ferrer, Myra Clarisse R. & Fonsah, Esendugue Greg & Escalante, Cesar L., 2011. "Risk-Efficient Fumigant-Mulching System Alternatives for Bell Pepper Production," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2011, pages 1-12, June.

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