The Role of the Start-Up Aid for Young Farmers in the Adoption of Innovative Agricultural Activities: The Case of Aloe Vera

摘要: The poor generational renewal has been identified as a key issue for the EU policy that undermines restructuring of agricultural sector and revitalisation rural areas. start-up aid young farmers is one main EU-driven measures try to mitigate this trend, by facilitating initial investment newcomers in agriculture. At same time, innovative crops with appealing characteristics are proposed promising alternatives high socioeconomic low environmental impacts. Recently, draft new call measure set under public consultation Greece, which significantly alters requirements level support beneficiaries, compared previous one. aim study explore consequences change desirability invest organic aloe vera crop, leading innovating Greece. In study, taking into consideration embedded risk uncertainty, we utilise stochastic version Net Present Value (NPV) analysis, common discount cash flows method detect an investment. Results indicate potential alteration deteriorates thus prevents from its adoption. analysis provides useful insights highlighting factors possible impacts on crops; thus, it can be both investors policymakers.