02082naa a2200253 a 450000100080000000500110000800800410001910000130006024502280007326000090030152011960031065000230150665300240152965300260155365300250157965300140160465300360161865300210165465300470167565300270172270000160174970000180176577300450178310539912021-06-24       2013    bl uuuu     u00u1 u    #d1 aRAVA, C.  aCosto de oportunidad de la tierra en la competitividad de la ganadería bovina de exportación en Uruguay. (Opportunity cost of land in the competitiveness of livestock production for export markets).h[electronic resource]  c2013  aABSTRACT.  This article analyzed the weight of land in the economic performance of the primary livestock production sector, using the policy analysis matrix (PAM). The financial cost of the assets immobilized with the land factor was considered through its opportunity cost (OC). The study considered four alternatives to measure the OC: (a) a unique value given by a low-risk interest rate; (b) differential value, using rent value for the land exploited in such regime and a low-risk interest rate for the land owned by the producer; (c) differential value, using the same average value of rent for the land exploited in the scheme and zero-rate for the rest of the land; (d) unique zero-rate value for the whole land. The results suggest that, in general, Uruguayan livestock producers do not consider a OC for the land when assessing the profitability of their activity. For them, the land is a long-term safe investment, devoid of risk. In order to capture the true rationality of the livestock producer it would be advisable to consider the OC only when the producer actually leases the land and pays a rent. In principle, for owned land, it would be better considering a zero rate OC.  aRENTA DE LA TIERRA  aBENEFICIOS PRIVADOS  aCOSTOS DE OPORTUNIDAD  aECONOMIC RATIONALITY  aLAND RENT  aMATRIZ DE ANALISIS DE POLITICAS  aOPPORTUNITY COST  aPOLICY ANALYSIS MATRIX AND PRIVATE PROFITS  aRACIONALIDAD ECONOMICA1 aFERRARO, B.1 aLANFRANCO, B.  tEconomía Agraria, 2013gv. 17, p. 9-21.