The Financial Feasibility Analysis of Rice Transplanting Machine Business Service in Uttaradit Province

Abstract

The objectives of this research were to 1) find out the financial feasibility analysis of rice
transplanting machine (RTM) business service in Uttaradit province and 2) examine the satisfaction of RTM
farmers on business service. Structured interview were conducted to collect data from seven RTM
entrepreneurs and 33 RTM farmers. The data were analyzed by using descriptive statistics namely,
frequency, percentage, mean, and standard deviation. The financial feasibility analysis method was
employed to discover the value of the investment including the Discount Payback Period (DPB), Net
Present Value (NPV), Benefit Cost Ratio (BCR) and Internal Rate of Return (IRR). The results of the study
revealed as follows: 1) regarding the financial feasibility analysis of investment when set up the duration
of the project for five years, the finding suggest that the discounted payback period (DPB) was two years
and eight months. The NPV was 785,261.57 Baht (THB), the BCR was 1.2 and the IRR was 31 %.
Consequently, RTM business service was worthwhile to conduct and 2) Overall, the satisfaction of RTM
towards the whole business service was at a high level ( = 4.06). When considering each aspect, all
aspects were at a high level of satisfaction. The top three highest satisfaction aspects comprised of
services, rice seed quality, and vehicles ( = 4.22, 4.21, and 3.75, respectively).