Submit a Manuscript

Publishing with us to make your research visible to the widest possible audience.

Propose a Special Issue

Building a community of authors and readers to discuss the latest research and develop new ideas.

Research Article |

Economic and Financial Viability of Biofortified Sweetpotato Production in Nova Soure - Bahia

The economic and financial viability analysis of a R$ 60,000.00 investment project was made for the production of biofortified Brazilian sweetpotatoes, in the rural community of ‘Panasco’, Nova Soure municipality in the northeast region of Bahia. The Minimum Attractiveness Rate varied in three scenarios: 10%, 11.50%, and 13.75%. The study used the Multi-Index Methodology to evaluate the return and risk attributes inherent to the investment project. After a detailed analysis of each attribute, investors accepted the TMA of 11.50%, and the indicators resulted in Present Value R$ 70,895.00, Net Present Value R$ 10,895.00, Annualized Net Present Value R$ 2.612,53, Cost Benefit Ratio R$ 1.18, Additional Return on Investment 2.82%, ROIA/TMA 24.52%, Internal Rate of Return 17.65%, Payback of 5 years, Payback/Horizon of 83.33% and TMA/IRR 65.16%. The Business Risk was evaluated with the cross-SWOT analysis. The Revenue Commitment Degree indicated that 68.72% of the revenue is committed to the full payment of the bills that make up the break-even point, with 31.27% of the revenue is taken as profit from the activity. Management Risk was accessed through a nine-point structured quiz so the investors pointed out that the Process and Social areas have greater control, but the Commercial and Administrative areas require greater attention in terms of business strategy. The project was approved, and the funding will be made for an agricultural work period of six years.

Sweetpotato, Economic Analysis, Financial Analysis, Agricultural Project Feasibility, Multi-Index Methodology

APA Style

Claudio Eduardo Cartabiano Leite, Micael Andrade da Costa, André Ricardo Zeist, Débora Pantojo de Souza. (2023). Economic and Financial Viability of Biofortified Sweetpotato Production in Nova Soure - Bahia. Plant, 11(4), 109-121.

ACS Style

Claudio Eduardo Cartabiano Leite; Micael Andrade da Costa; André Ricardo Zeist; Débora Pantojo de Souza. Economic and Financial Viability of Biofortified Sweetpotato Production in Nova Soure - Bahia. Plant. 2023, 11(4), 109-121. doi: 10.11648/j.plant.20231104.11

AMA Style

Claudio Eduardo Cartabiano Leite, Micael Andrade da Costa, André Ricardo Zeist, Débora Pantojo de Souza. Economic and Financial Viability of Biofortified Sweetpotato Production in Nova Soure - Bahia. Plant. 2023;11(4):109-121. doi: 10.11648/j.plant.20231104.11

Copyright © 2023 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

1. Arco-Verde, M. F.; Amaro, G. C. 2014. Financial analysis of integrated production systems. Brazilian Agricultural Research Company – EMBRAPA, Documents: 274.
2. Bacha, C. J. C. 2018. Economics and agricultural policy in Brazil. 2018. Editora Alínea: 316.
3. Brazilian central bank. (2023). Citizen calculator. Available at:
4. Barros, E. C., & Dreon, F. R. (2020). Financial analysis: business focus: A practical approach for non-financial executives. 2nd edition. Aquila Publisher: 184.
5. Bortoli, C. A. F. D. 2019. Investment analysis: case study of expanding the economic activity of an agricultural cooperative. Dissertation. 25f. Federal Technological University of Paraná – UTFPR, Pato Branco Campus, Paraná.
6. Brom, L. G.; Balian, J. E. A. (2007). Investment and working capital analysis: concepts and applications. São Paulo: Saraiva.
7. Costa, S. J. B.; Araújo, A. C.; Santos, G. D.; Souza, L. B.; Souza, M. J. M.; Gomes, A. S. 2020. Economic analysis of soy agribusiness in Bahia, Brazil. Contributions to Social Sciences, n. 68.
8. Escher, F.; Wilkinson, J.; Pereira, P. R. F. 2018. Causes and implications of Chinese investments in Brazilian agribusiness. CEBC. China: Global Investment Directions: 190-227.
9. FAO - Food and Agriculture Organization of The United Nations. 2021. Faostat Statistical Database. Available at:
10. Fonseca, R. A., Nascimento, N. D., Ferreira, R. D. N., & Nazareth, L. G. C. (2015). Rural accounting in Brazilian agribusiness. Symposium on Excellence in Management and Technology, 12, 1-12.
11. Google. (2023). Google Earth: Nova Soure, Bahia, BA-084. Available at:
12. IBGE – Brazilian Institute of Geography and Statistics (2022a). IBGE Automatic Recovery System – SIDRA. Ministry of Agriculture, Livestock and Supply - MAPA, Brazil. Available at:
13. IBGE – Brazilian Institute of Geography and Statistics (2022b.). School Atlas. Available at:
14. IBGE – Brazilian Institute of Geography and Statistics. IBGE cities: Nova Soure. Available at: Accessed 01/10/2023.
15. INMET - National Institute of Meteorology of Brazil. 2023. Climatological Normals (1991/2020). Brasilia DF. Available at:
16. Johann, E. R.; Souza, A.; Bishop, C. M.; Citadin, M. W.; Silva, W. V. 2014. Classical methodology and multi-index method in the financial evaluation of investment projects: a case study in the company Alfa. Management and Development Magazine, v. 11, no. 1.
17. Júnior, O. O.; Carnevalli, R. A.; Peres, A. A. C.; Reis, J. C.; Moraes, M. C. M. M.; Pedreira, B. C. 2016. Economic and financial analysis of integrated systems for the production of dairy heifers. Animal Science Archives, v. 65, no. 250: 203-212.
18. Leite, C. E. C. (2022a). Characterization and Screening of Experimental Genotypes and Brazilian Cultivars of Sweetpotato (Ipomoea Batatas (L.) Lam) and Preliminary Development of a Smoothie Drink Formulation. Thesis. 233 f. Federal University of Santa Catarina - UFSC.
19. Leite, C. E. C., Souza, B. D. K. F., Manfio, C. E., Wamser, G. H., Alves, D. P., & de Francisco, A. (2022b). Sweetpotato New Varieties Screening Based on Morphology, Pulp Color, Proximal Composition, and Total Dietary Fiber Content via Factor Analysis and Principal Component Analysis. Frontiers in Plant Science, 13.
20. Lima, J. D.; Southier, L. F. P. 2022. Practical guide for $AVEPI® users. Federal Technological University of Paraná (UTFPR – Pato Branco Campus). Academic Department of Mathematics (DAMAT) and Postgraduate Program in Production and Systems Engineering (PPGEPS).
21. Macedo, R. S. 2019. Economic and financial analysis of companies in the agricultural sector listed on B3. Completion of course work. 51f. University of Caxias Do Sul, Caxias do Sul, Rio Grande do Sul.
22. Mattos, L. M.; Afonso, S. R.; Lima, M. D. F. B.: Almeida, R.; Chiles, J. M.: Favaro, S. P.: Moreira, A. C. O.: Malaquias J. V.: Sevilha, A. C. 2021. Characterization and financial analysis of the pequi pulp oil extraction process in the Brazilian Cerrado. Brazilian Agricultural Research Corporation – EMBRAPA, Research and Development Bulletin 377.
23. Neves, M. F. (2021). Tools for the future of agriculture: Strategies to position Brazil as a sustainable global supplier of food, bioenergy and other agroproducts. Editora Gente.
24. Pires, E., Krauze, C. 2020. Economic Analysis of Pitaya Production in Family Farming in the South of Santa Catarina. Methodologies and Learning, n. 2: 181-189.
25. Saka, J. D.; Sibale, P.; Thomas, T. S.; Hachigonta, S.; Sibanda, L. M. 2013. Malawi. In: Southern African Agriculture and Climate Change: A comprehensive analysis. Chapter 5. P. 111-146. Washington, D. C.: International Food Policy Research Institute (IFPRI).
26. Silveira, J. M. F. J. 2019. Economic Analysis of Agriculture: Do New Topics Demand New Approaches? Magazine of Economics and Agribusiness, v. 17, no. 1: 1-7.
27. Soares, M. I.; Moreira, J. A. C.; Pinho, C.; Couto, J. 2015. Investment Decisions: Financial Analysis of Projects (4th edition, revised and corrected). Silabo Publisher: 364.
28. Souza, A., Clemente, A. 2008. Financial Decisions and Investment Analysis: Concepts, techniques and applications. 6th. edition. Atlas Publisher: 200.
29. Souza, A.; Oliveira, A. M. M.; Fossile, D. K.; Ogu, E. Ó.; Dalazen, L. L.; Veiga, C. P. 2020. Business plan analysis using multi-index methodology: Expectations of return and perceived risks. SAGE Open, vol. 10, n. 1.
30. Statsoft Inc. 2021. TIBCO Statistica® Ultimate Academic. Version 14. 0. 0.
31. Viana, G.; Hoeflich, V. A.; Morozini, J. F.; Schwans, A. 2014. Analysis of investments in agribusiness projects: a comparative study between traditional cultures and eucalyptus forestry in the south-central mesoregion of Paraná. Costs and Agribusiness, v. 10, n. 4.
32. Xiong, J., Liang, F., Yang, X., Du, T., Pacenka, S., Steenhuis, T. S., & Siddique, K. H. (2022). Water Footprint Assessment of Green and Traditional Cultivation of Crops in the Huang-Huai-Hai Farming Region. Agronomy, 12(10), 2494.