Performance and profit sensitivity to risk: a practical evaluation of the agro-industrial projects developed by Israeli companies for the CIS and Eastern European countries

Agricultural and Food Economics

Table 4 Project financial indices in ascending order of degree of operational leverage

№	Project	Unit	Quantity	Price, $	Variable costs, US$/unit	Fixed costs, US$ million	Operating profit, US$ million	Degree of operating leverage
3	Fruit, Azerbaijan	ton	2,080	1,058	196	0.3	1.5	1.17
12	Soy, Russia, Far East FD
	oil	ton	18,240	1,172	761
	proteins	ton	54,380	1,470	955
	Total project					6.0	29.5	1.20
10	Turkeys, Russia, Central FD
	Meat	ton	4,578	4,090	1,332
	Meat products	ton	5,174	8,165	1,708
	Total project					11.2	34.9	1.32
9	Pig farm, Belarus	ton	2,751	5,432	540	3.5	10.0	1.35
2	Turkeys, Russia, Privolzhsky FD	ton	13,062	5,120	1,466	12.5	35.2	1.36
5	Broilers, Russia, Privolzhsky FD	ton	21,939	2,698	1,106	9.6	25.3	1.38
13	Eggs, Belarus
	Eggs	thous. eggs	233,000	78	46
	Melange	ton	1,800	1,553	869
	Total project					2.4	6.3	1.39
11	Turkeys, Belarus
	Meat	ton	3,129	4,168	1,216
	Meat products	ton	6,068	6,100	1,527
	Total project					10.5	26.5	1.40
7	Eggs, Romania	thous. eggs	257,000	97.0	44.9	4.0	9.4	1.43
6	Broilers, Kazakhstan	ton	15,031	3,277	1,424	9.7	18.2	1.53
4	Vegetable greenhouses, Azerbaijan	ton	2,500	1,240	80	1.0	1.9	1.54
8	Orchard + extraction	ton	68	22,500	515	0.6	0.9	1.65
14	Milk farm, Russia, North-West FD
	Milk	ton	22,000	500	136
	Cattle	ton	540	4,150	645
	Total project					4.3	5.6	1.78
1	Eggs, Russia, Central FD	thous. eggs	397,000	61.7	36.4	6.1	4.0	2.51