El Impacto Del Financiamiento Al Invertir En Rehabilitación De Agostaderos, Sobre La Rentabilidad De Los Ranchos Ganaderos En Sonora, México

In the state of Sonora, as in other states of the Mexican Republic, most of the cattle ranches present profitability problems according to the management conditions with which they are currently exploited, since the natural resources they have been exploited in an irrational way, so it is necessary to carry out works to help mitigate and restore the conditions of the pasture. In support of this study, an economic analysis was carried out to evaluate the profitability of a ranch with deteriorated pastures, to determine, from a financial point of view, the profitability of carrying out water catchment and restoration works with the planting of herbaceous and shrub species”, through long-term financing schemes. A 1,000 ha ranch will be considered, in which the pasture will be improved annually by planting 200 ha, with resources financed in a 14-year projection, the calculations were made with real costs. The results obtained show that the profitability of the rehabilitated ranch with financing was very low during the first six years due to the financial burden generated by the staggered financing granted during the first years, until the investment of the water catchment works, the planting of forage species and livestock was paid, and it was not until the tenth year when it reached the stabilization point. The average annual economic yield at the point of stability fluctuated from $ 3,316 pesos to $ 4,601 pesos per hectare. From the financial point of view, it is certainly a strong investment and of slow recovery, but throughout the useful life of the project it presents very favorable financial indicators, since according to the results obtained in the final balances of the financial projection once the program for the financial analysis was run, the TIR for this project was 17.22% and the value for the VAN was $ 12'463,028 pesos.