Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials
The aim of the article is to consider the essence of economic efficiency of producing medicinal plants and medicinal plant raw materials, calculate the production efficiency and identify the factors hindering its increase. In particular, within the framework of the publication, the economic efficien...
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| Format: | Article |
| Language: | English |
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PH "INZHEK"
2018-09-01
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| Series: | Problemi Ekonomiki |
| Subjects: | |
| Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-267_272.pdf |
| _version_ | 1797334233820168192 |
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| author | Mirzoieva Tetiana V. |
| author_facet | Mirzoieva Tetiana V. |
| author_sort | Mirzoieva Tetiana V. |
| collection | DOAJ |
| description | The aim of the article is to consider the essence of economic efficiency of producing medicinal plants and medicinal plant raw materials, calculate the production efficiency and identify the factors hindering its increase. In particular, within the framework of the publication, the economic efficiency of producing medicinal plants and medicinal plant raw materials is considered based on the example of producing such crops as chamomile, sage, and lemon balm, which are in considerable demand with processing enterprises and final consumers. Those manufacturers who successfully established manufacturing and sales of products receive a 100 % profit from chamomile production. This is upon condition that 600 kg of flower, 100 kg of pollen and petals, 200 kg of straw and 50-60 kg of seeds is collected from 1 ha, and subject to successful implementation. As for the economic efficiency of producing sage and lemon balm in 2018, here we can note a fairly high level of profitability — 167 and 170 %, respectively. In general, the variation in the level of profitability of medicinal plant production depends on an increase in the harvest of highly profitable species. In the course of studying the efficiency of medicinal plant growing, namely, producing medicinal plants and medicinal plant raw materials, the problems of stages of such production are briefly considered: 1) growing medicinal plants; 2) producing medicinal plant raw materials; 3) selling the raw materials or finished product. Thus, the investigation of the issue of the economic efficiency of production of medicinal plants and medicinal plant raw materials revealed two main, in our opinion, characteristic features of this sphere under modern conditions: on the one hand, a high level of profitability, which makes the production attractive, on the other hand, a set of factors constraining the development of this line of business in Ukraine. |
| first_indexed | 2024-03-08T08:17:51Z |
| format | Article |
| id | doaj.art-db0202588b8f4001bdbcfb9f217afb78 |
| institution | Directory Open Access Journal |
| issn | 2222-0712 2311-1186 |
| language | English |
| last_indexed | 2024-03-08T08:17:51Z |
| publishDate | 2018-09-01 |
| publisher | PH "INZHEK" |
| record_format | Article |
| series | Problemi Ekonomiki |
| spelling | doaj.art-db0202588b8f4001bdbcfb9f217afb782024-02-02T07:03:31ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862018-09-01337267272Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw MaterialsMirzoieva Tetiana V. 0Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics of the Enterprise named after prof. I. N. Romanenko, National University of Life and Environmental Sciences of UkraineThe aim of the article is to consider the essence of economic efficiency of producing medicinal plants and medicinal plant raw materials, calculate the production efficiency and identify the factors hindering its increase. In particular, within the framework of the publication, the economic efficiency of producing medicinal plants and medicinal plant raw materials is considered based on the example of producing such crops as chamomile, sage, and lemon balm, which are in considerable demand with processing enterprises and final consumers. Those manufacturers who successfully established manufacturing and sales of products receive a 100 % profit from chamomile production. This is upon condition that 600 kg of flower, 100 kg of pollen and petals, 200 kg of straw and 50-60 kg of seeds is collected from 1 ha, and subject to successful implementation. As for the economic efficiency of producing sage and lemon balm in 2018, here we can note a fairly high level of profitability — 167 and 170 %, respectively. In general, the variation in the level of profitability of medicinal plant production depends on an increase in the harvest of highly profitable species. In the course of studying the efficiency of medicinal plant growing, namely, producing medicinal plants and medicinal plant raw materials, the problems of stages of such production are briefly considered: 1) growing medicinal plants; 2) producing medicinal plant raw materials; 3) selling the raw materials or finished product. Thus, the investigation of the issue of the economic efficiency of production of medicinal plants and medicinal plant raw materials revealed two main, in our opinion, characteristic features of this sphere under modern conditions: on the one hand, a high level of profitability, which makes the production attractive, on the other hand, a set of factors constraining the development of this line of business in Ukraine.http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-267_272.pdfmedicinal plantsmedicinal plant raw materialseconomic efficiencyprofitability of production |
| spellingShingle | Mirzoieva Tetiana V. Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials Problemi Ekonomiki medicinal plants medicinal plant raw materials economic efficiency profitability of production |
| title | Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials |
| title_full | Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials |
| title_fullStr | Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials |
| title_full_unstemmed | Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials |
| title_short | Revisiting the Issue of Economic Efficiency of Producing Medicinal Plants and Medicinal Plant Raw Materials |
| title_sort | revisiting the issue of economic efficiency of producing medicinal plants and medicinal plant raw materials |
| topic | medicinal plants medicinal plant raw materials economic efficiency profitability of production |
| url | http://www.problecon.com/export_pdf/problems-of-economy-2018-3_0-pages-267_272.pdf |
| work_keys_str_mv | AT mirzoievatetianav revisitingtheissueofeconomicefficiencyofproducingmedicinalplantsandmedicinalplantrawmaterials |