Financial Analysis of Cooling Conservation Method for Long-Term Paddy Storage in Thailand

Abstract

The objective of this dissertation is to analyse costs and benefits of using cooling conservation method for long-term paddy storage in Thailand. The main problem of paddy storage is deteriorate paddy and rice during storage period. So, cooling conservation method is a ventilation method that can control temperature and moisture content of paddy during storage to reduce losses and avoid deteriorate paddy. This research collected all the benefits and costs both tangible and intangible and compared to existing method. The scope of this study is focus on 2 transformation options which are transform from circulation method to cooling conservation method and transform from industrial fan method to cooling conservation method. This research used cost benefit analysis and payback period analysis to analyse all the collected data from surveying. It also shows calculation of all tangible data. Moreover, payback period calculation sheet is also an outcome of this research for put own data and get the result. This research will be a tool that helps to make a decision to transform from the existing ventilation method to cooling conservation method which will make a lot of benefits for paddy storage and make a better quality of rice which leads to higher selling price of paddy. This will be the method that enhances the perspective of paddy and rice market for Thailand and for the world.