Feasibility study of investment in layer feces management technology: Case study of a farm in the south of Thailand

Authors

  • Jittima Khongkhlik School of Accountancy and Finance, Walailak University
  • Kanokwan Meesook School of Accountancy and Finance, Walailak University
  • Somnuk Aujirapongpan School of Accounting and Finance, Walailak University

Keywords:

Layer Feces, Organic Fertilizer, Compo Fermentation Container Technology

Abstract

This research aimed to study the technology to be implemented for the management and marketing demand of layer feces including study the financial worthiness of investment in the development of the layer feces, also study the effect of the technology for the layer feces development. The research methodology applied mixed research study. Data were collected from 3 groups of samples, namely, layer farm operator, user of layer feces, and communities surrounding, a case study of a farm in the south.  Based on the data obtained from this study, the Compo fermentation container technology was found to be able to manage the layer feces, and can improve the layer feces of the farm. Its structure is strong and durable with three layers of insulation to help keep beneficial nutrients and energy for plants. It can be installed in a small or limited area, as well as be environmentally friendly, reducing pollution while fermenting and digesting animal feces. The products that are classified as 100% premium organic fertilizers are in the form of dry powder or small particles. It was also found to be nourished with higher macronutrients for plants, which are organic fertilizers with features that meet the needs of the users of layer feces. Based on the financial worthiness of investment at a discount rate of 8.4%. It was found that Net Present Value is equal to 15,164,980 baht and the Internal Rate of Return is equal to 15%. In addition, the payback period is 5 years and 5 months.

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Published

2023-06-19

How to Cite

Khongkhlik, J., Meesook, K., & Aujirapongpan, S. (2023). Feasibility study of investment in layer feces management technology: Case study of a farm in the south of Thailand. Journal of Business Administration The Association of Private Higher Education Institutions of Thailand, 12(1), 11–25. Retrieved from https://so02.tci-thaijo.org/index.php/apheitvu/article/view/257884

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Section

Research Articles