Prof. Dr. Faiq Jazaa Yassin

Department of Agricultural Economics

The feasibility study represents the technical, economic and commercial basis for your preferred investment decision or rejection. What is meant by the feasibility study for the project: "the scientific group that is used to collect data and data to reach the results of accessibility, accessibility, success and continuity."

However, it must be noted that such information and data differ from one project to another, according to its nature, size, and the legal status of each project separately.

The feasibility study for agricultural projects is of special importance, whether at the level of the private investor or the public investor represented in the state. For the private investor, he is concerned with determining the viability of the project and to what extent it will achieve its objectives. Based on the results of those studies, the investor makes a comparison between alternative projects in order to choose the best one from his investment point of view. Also, the private investor aims to achieve the expected profits from these projects and to obtain the best return for his invested money. He also aims to know the recovery period of the invested capital and how to maintain it and to ensure the continuity of dealing with banks and other various sources of financing to obtain his financial needs, whether for this project or In addition, the private investor aims, behind the project's feasibility study, to obtain the approval of the official authorities to establish the project.

As for the importance of feasibility studies for the public investor, it is due to:

1. The state needs a method for selecting projects of greater public interest, and this can only be achieved through a feasibility study on the basis of which public projects can be arranged according to the degree of need for them.

2. The project's relationship with other projects. When the state settles on implementing a specific public project, it needs to define and define the project's form and its relationship to other projects.

3. The state does not grant a license to establish a project unless it is ascertained to it that the total burdens that result from that project are less than possible and that the returns and social benefits that the project brings to the community are as large as possible.

The importance of the feasibility study extends to include, in addition to new projects, existing and ongoing projects that need to be expanded, adding a new production line or adding a new product, and all this requires conducting feasibility studies for those new additions to existing projects.