The Economic and Environmental Impacts of Castor Supply Chain: a Greek Case Study

Castor is a candidate crop that grows in marginal lands in the Mediterranean area. The objective of the present study was to evaluate the economic and environmental impacts under the Mediterranean climate and farming conditions by examining two alternative scenarios: a castor crop grown on a low-inputs field vs. a crop grown in a high-inputs one. The environmental impacts were estimated by following a Life Cycle Assessment (LCA) methodology based on GHG emissions; while the economic feasibility of the castor crop production was assessed by calculating the gross margin, which is referred to the difference between revenues and the variable costs due to the agricultural phases. In addition, the ratio between gross margin and GWP (Global Warming Potential) emissions was applied to calculate the economic performance (gross margin) per unit of environmental burden. Findings showed that the castor oil produced by high inputs resulted in a more sustainable scenario due to its higher yield than low-inputs ones. Moreover, from an economic point of view, by switching the field management from low inputs to high ones, the Gross Margin increased by about 73%. Finally, the high-inputs scenario showed the best ratio between economic performance and GHG emitted into the atmosphere.