Naslov
Encouraging investment in industrial hemp farming as a factor of economic development of Eastern Croatia

Autori
Potnik Galić, Katarina ; Štavlić, Katarina ; Grgačević, Matej

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
International Scientific Symposium Economy of Eastern Croatia - vision and growth / Leko Šimić, M. ; Crnković, B. - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2019, 322-335

Skup
8. međunarodni znanstveni simpozij: Gospodarstvo istočne Hrvatske – vizija i razvoj = 8th International Scientific Symposium: Economy of Eastern Croatia – Vision and Growth

Mjesto i datum
Osijek, Hrvatska, 30.05.2019. - 31.05.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Industrial hemp ; Dynamic investment analysis ; Net present value ; Internal rate of return ; Period of return

Sažetak
In the Republic of Croatia, currently about 857 hectares of land have been planted with industrial hemp and 69 planting permits were issued. The cultivation of industrial hemp in the Republic of Croatia is regulated by the Ordinance on the conditions for hemp growing, the method of poppy farming, the conditions for the possession and circulation of narcotics in veterinary medicine and the Law of narcotics abusers. With Croatia joining the EU, Croatia has accepted a sort base from the EU but has not regulated the processing of industrial hemp. In Croatia, therefore, hemp can only be used for the production of seed for human and animal food. Stem cells need to stagnate, which is not the practice in other EU countries. In 2012, the Ministry of Agriculture made changes to the Ordinance on conditions for hemp cultivation, the method of poppy breeding and the conditions for possession of narcotics in the veterinary sector, thus creating the opportunity to return industrial hemp to our areas. The aim of the paper is to evaluate the profitability of investments in industrial hemp farming and to point to the various investment opportunities offered by this "queen of plants". The paper will also discuss the possibility and necessity of amending the Act or the Ordinance regulating the cultivation of hemp in the Republic of Croatia. The work is structured in a way that encompasses a comprehensive investment analysis and an assessment of the investment efficiency in industrial hemp by applying dynamic methods of assessing the efficiency of the investment - net present value, the internal rate of profitability, the period of return, the index of profitability etc. The results of this analysis should enable conclusions of investment efficiency.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA