Economic Worthiness of Stingless Bee Farm in a Good Ecosystem
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Abstract
Stingless bee farming is found in orchard farms, mixed farming systems, rubber plantations, and agroforestry. The purpose of this study was to explore the socioeconomics opportunities and the ecological suitability of stingless bee farming in 9 provinces. Data were collected through purposive sampling of 12 stingless bee farms using questionnaires. The data analysis utilized the cost-benefit analysis (CBA) method, which included present value (PV), net present value (NPV), internal rate of return (IRR), benefit-cost ratio (B/C ratio) and payback period. The results showed that the cost of stingless bee farming over 5 years resulted in an NPV of 163,125.88 THB. The IRR of 24.90 % exceeded the discount rate, and the B/C ratio was 2.11 indicating its investment worthiness. The payback period was 3 years 1 month. Therefore, stingless bee farming could potentially develop into a career in chemical-free areas.
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