Review article

https://doi.org/10.31727/gzb.41.5.2

Chamomile (Matricaria chamomilla L.) production as an entrepreneurial opportunity

Jadranka Deže orcid.org/0000-0002-5757-7068 ; Poljoprivredni fakultet, Sveučilište Josipa Jurja Strossmayera u Osijeku, Hrvatska
Ante Stanković ; Poljoprivredni fakultet, Sveučilište Josipa Jurja Strossmayera u Osijeku, Hrvatska
Ljubica Ranogajec orcid.org/0000-0003-2941-1981 ; Poljoprivredni fakultet, Sveučilište Josipa Jurja Strossmayera u Osijeku, Hrvatska
Jelena Kristić orcid.org/0000-0003-4465-2900 ; Poljoprivredni fakultet, Sveučilište Josipa Jurja Strossmayera u Osijeku, Hrvatska

Abstract

Chamomile (Matricaria chamomilla L.) is a widespread herb since it grows on different types of soil making it an interesting culture for intensive production. Increasing demand for medical herbs as well as chamomile launches entrepreneurial ideas that need to be checked through market analysis, technical equipment analysis, agrotechnics analysis and economic analysis for efficiency of the business venture. The aim of the paper is to identify the meaning of entrepreneurship in chamomile production, analyse input and output prices, and establish technological procedures for expected production results and economic efficiency. In this paper, analytical procedures are applied for determining the economic efficiency of chamomile production as an entrepreneurial opportunity. The first part of the paper contains the recommendation of agrotechnics that is necessary to gain the expected yields in chamomile production. It was found that chamomile is drought tolerant, grows on very poor soils, enriches the soil with humus, improves soil structure, and does not require use of plant protection products or special previous crop. The second part of the paper consists of analytical methods used for checking entrepreneurial idea in order for the chamomile production to really become an entrepreneurial opportunity. The results of the analysis confirm economic (1.31) and profitable (23.72%) production. Positive financial results can be achieved with relatively low investment, and chamomile production has a total assets profitability of 31.09%. By planning and analysing, entrepreneurs can acquire a complete information database for achieving the economic efficiency of the business venture.

Keywords

chamomile; production economics; entrepreneurship

Hrčak ID:

207244

URI

https://hrcak.srce.hr/207244

Publication date:

24.10.2018.

Article data in other languages: croatian

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