Análise do investimento em propriedades leiteiras no Estado de Minas Gerais

Abstract

Investment is a relevant topic for the growth and technical/managerial improvement of dairy farms. Understanding how the cost management and economic performance of dairy farms can vary depending on the realization of investments is a pressing topic and of great importance for the sector. The objective was to analyze how the investment impacts the production costs of dairy properties in Minas Gerais state. Through the analysis of Discriminant Clusters, 457 dairy farms located in the State of Minas Gerais were grouped into four groups with different levels of investment and the results were compared with each other. The properties with the largest investments were those that had lower or negative economic results (profits) (losses). This was due to the impacts that investments have on costs such as depreciation and maintenance (of machinery, equipment and improvements). The results of this research corroborate what the literature points out about the importance of making investments, but warns that such actions must be well analyzed and carried out so that they can effectively contribute to the improvement of the production process and/or increase in the scale of production. In addition to the theoretical contributions, a framework is proposed that helps to analyze and decide whether a new investment is viable for dairy activity.