THE FINANCIAL MODEL FOR URBANIZED CROP PRODUCTION

DOI 10.32651/245-16

Issue № 5, 2024, article № 3, pages 16-23

Section: Problems of efficient management

Language: Russian

Original language title: ФИНАНСОВАЯ МОДЕЛЬ ДЛЯ УРБАНИЗИРОВАННОГО РАСТЕНИЕВОДСТВА

Keywords: FINANCIAL MODEL, URBANIZED CROP PRODUCTION, BUSINESS MODEL, VERTICAL FARM, PROFITABILITY OF SALES, FINANCIAL DECISION-MAKING MODEL

Abstract: Urbanized crop production, as a modern developing technology for growing products, requires financial and economic incentives for the growth and prosperity of the innovative industry. In addition, quantitative measures of financial and economic assessment of this business should be available to inform stakeholders, the state, local authorities and scientific researchers. Thus, there is a need for more recent views on the analysis of vertical farming from the point of view of economics, business and the development of a financial model. Therefore, this study examines the issue that evaluates the economic prospects of vertical farming systems in a competitive market. This financial model defines the main factors for assessing the economic potential of urbanized crop production and a decision-making model that allows quantifying the trade-off between two alternative farming methods. The theoretical and practical significance of the developed financial model consists in qualitative and quantitative decision-making in the field of creation and development of vertical farming in the region.

Authors: Petukhova Marina Sergeevna, Beliaeva Elena Viktorovna