<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-9965</journal-id>
<journal-title><![CDATA[Agronomía Colombiana]]></journal-title>
<abbrev-journal-title><![CDATA[Agron. colomb.]]></abbrev-journal-title>
<issn>0120-9965</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional de Colombia, Facultad de Agronomía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-99652023000200006</article-id>
<article-id pub-id-type="doi">10.15446/agron.colomb.v41n2.103525</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Cost analysis of a blueberry producing farm in the Cundiboyacense highlands, Colombia: A case study]]></article-title>
<article-title xml:lang="es"><![CDATA[Análisis de costos de finca productora de arándanos ubicada en el altiplano cundiboyacense, Colombia: un estudio de caso]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Peña Baracaldo]]></surname>
<given-names><![CDATA[Fernando]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Africano Franco]]></surname>
<given-names><![CDATA[David Ricardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Moreno-Ortiz]]></surname>
<given-names><![CDATA[Carlos Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Ciencias Aplicadas y Ambientales (U.D.C.A) Facultad de Ciencias Agropecuarias ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Ciencias Aplicadas y Ambientales (U.D.C.A) Facultad de Ciencias Administrativas y Comerciales ]]></institution>
<addr-line><![CDATA[Bogotá ]]></addr-line>
<country>Colombia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2023</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2023</year>
</pub-date>
<volume>41</volume>
<numero>2</numero>
<fpage>1</fpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-99652023000200006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-99652023000200006&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-99652023000200006&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[ABSTRACT The blueberry industry is growing significantly in Colombia. For investors, cost analysis plays a key role in project planning for any agribusiness. This paper is an exploratory study, with a descriptive scope to identify components of establishment and production costs of growing blueberries in Colombia. Data were collected and analyzed from a project aimed at establishing a 1 ha blueberry crop in Zipaquirá and 18 blueberry small farms in the Cundiboyacense highlands. Components were applied to estimate the capital investment and to identify the establishment, production, and maintenance costs of this project. Decision investment analysis, including discount rates for the capital asset pricing model (CAPM), were used to compute the net present value (NPV), internal rate of return (IRR), and the return on investment (ROI). Production costs are still expensive due to the Colombian peso (COP) exchange rate compared to the US dollar (USD). Results show advantages for promoting the establishment of blueberry crops because of suitable climatic conditions for continuous production throughout the year in Colombia. Labor costs and utilities are cheaper compared to other countries and represent a competitive advantage in the investment. Intermediation suppliers affect establishment costs for commercial reasons. Blueberry production cost analysis in Colombia may facilitate agribusinesses to promote projects in Colombian agriculture.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[RESUMEN La industria de los arándanos está creciendo significativamente en Colombia. Para los inversores, el análisis de costos juega un papel clave en la planificación de proyectos para cualquier agronegocio. Este trabajo es un estudio exploratorio, con alcance descriptivo para identificar componentes de los costos de establecimiento y producción del cultivo de arándanos en Colombia. Los datos fueron recopilados y analizados de un proyecto destinado a establecer un cultivo de arándanos de 1 ha en Zipaquirá y 18 pequeñas fincas de arándanos en el altiplano cundiboyacense. Se aplicaron componentes para estimar la inversión de capital e identificar los costos de establecimiento, producción y mantenimiento de este proyecto. Se utilizaron análisis de decisiones de inversión, incluidas las tasas de descuento para el modelo de valoración de activos de capital, para calcular el valor presente neto, la tasa interna de rentabilidad y el retorno de la inversión. Los costos de producción aún son elevados debido a la tasa de cambio del peso colombiano (COP) en comparación con el dólar estadounidense (USD). Los resultados muestran ventajas para promover el establecimiento del cultivo de arándanos debido a las condiciones climáticas adecuadas para una producción continua durante todo el año en Colombia. Los costos laborales y los servicios públicos son más baratos en comparación con otros países y representan una ventaja competitiva en la inversión. Los proveedores de intermediación afectan los costos de establecimiento por motivos comerciales. El análisis de costos de producción de arándanos en Colombia puede facilitar que los agronegocios impulsen proyectos en la agricultura colombiana.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[cost of production]]></kwd>
<kwd lng="en"><![CDATA[net present value]]></kwd>
<kwd lng="en"><![CDATA[internal rate of return]]></kwd>
<kwd lng="en"><![CDATA[capital asset pricing model]]></kwd>
<kwd lng="en"><![CDATA[weighted average cost of capital]]></kwd>
<kwd lng="es"><![CDATA[costo de producción]]></kwd>
<kwd lng="es"><![CDATA[valor actual neto]]></kwd>
<kwd lng="es"><![CDATA[tasa interna de rendimiento]]></kwd>
<kwd lng="es"><![CDATA[modelo de valoración de activos de capital]]></kwd>
<kwd lng="es"><![CDATA[costo promedio ponderado del capital]]></kwd>
</kwd-group>
</article-meta>
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