Opportunity cost analysis in the implementation of biofertilizers in the agricultural sector

Abstract

The present investigation was carried out to analyze the opportunity cost in the implementation of a biofertilizer in the rice sector, in the search for a solution to the problems that this group presented, such as the high production cost per harvest. Chemical fertilizers are highly demanded by farmers, but after prices increased they became a problem, so much so that production costs increased to the point of not generating any type of profit for the farmer, but rather for the farmers. owners of agricultural services. The methodology that was used for the development of the research was the step-by-step elaboration of a liquid biofertilizer and then implemented in a test batch and through direct observation, to know the benefits it brought to the crop. Then, a survey was carried out on the agricultural producers of the sector in order to find out how much they knew about organic products and if they would agree to implement them to lower the production costs of their rice crops. Already in the analysis of the results, the economic difference and the benefits offered by the implementation of the biofertilizer are established, being very helpful for farmers. Applying these organic fertilizers means a great advance and help for the rice sector, since the consumption of chemical products would be progressively reduced and quality and healthier products would be obtained for the people who consume it.