Profitability and economic viability of the production of agave syrup
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Keywords
Maguey, artisanal products, functional products.
Resumen
Objective: To quantify the income and production costs of agave syrup and their determining factors, as well as their potential to improve the competitiveness and profitability of agave production.
Design/Methodology/Approach: Three representative production units (URP) of agave syrup were designed through a cross-sectional mixed method, using semi-structured interviews and the producer panel method, as examples of typical production systems of the region. Economic indicators, such as economic and financial viability and benefit/cost ratio (B/C), were obtained.
Results: The three URP recorded financially positive net incomes; consequently, they are a viable alternative in the short-medium term. The three URP recorded 1.87, 1.74 and 1.08 B/C ratios.
Study Limitations/Implications: The results are not statistically significant; therefore, they cannot be extrapolated to the rest of the population.
Findings/Conclusions: To increase the competitiveness of agave syrup, sharing its functional properties is fundamental to develop a highly consolidated market where the sales of the producer are certain.