The research aimed mainly at identifying the economics of dairy manufacturing in Menoufia Governorate to increase agricultural income, by studying the estimation of indicators of productive and economic efficiency for white cheese and yogurt manufacturing factories in Menoufia Governorate, through a research sample reached 17 items, including 12 items for white cheese manufacturing centers and 5 items for the manufacture of yogurt.
         The economic and financial feasibility study of establishing a factory for the manufacture of white cheese and yoghurt was also studied, and the most important problems facing the producers of white cheese and yoghurt were identified in the sample of the study, assuming that the number of working days in the dairy factory is 317 days / year, given that there are days off, like feasts and days of decrease in milk production. Dairy production and the average life of the project is 15 years. The results of the financial analysis showed that the current value of the benefits amounted to about 1.2 million pounds for the first year at the discount rate of 18%. The last year of the project's life reached about 123.66 thousand pounds, with a total of about 7.57 million pounds during the life of the project.
         The net present value of the project amounted to about 2.33 million pounds at the discount rate of 18%, while at the discount rate of 23% it amounted to about 1.86 million pounds, while the ratio of the total benefits to the total costs using the discount rate of 18% was estimated at about 1.44, and since this percentage is more than the correct one, The returns of the project exceed its costs, and therefore every pound invested in the manufacture of white cheese and yogurt achieves a net return of 0.44 pounds at the discount rate of 18%.
         The results of the analysis also showed that the internal rate of return (IRR) is equal to 21%, and the capital recovery period is 4.7 years, which is the period required for the project to recover the invested capital. As for the average net present value, which expresses the average annual profit in current value, it is outside the division of the net value. The current total discount rates instead of the number of years amounted to about 459.7 thousand pounds annually.
         The average net present value is about 459.7 thousand pounds annually. It was also found that the project is not sensitive to an increase in costs by 15% or a decrease in revenues by 15%, but it becomes sensitive to any increase in costs. Therefore, investing in a project for a factory manufacturing dairy products such as white cheese and yogurt is considered economically feasible and works to create new job opportunities and increase income level and raising the standard of living.
         The study showed that the most important problems facing the producers of white cheese and yoghurt in the municipal laboratories in the sample of the study are the high prices of production requirements such as packaging materials and starters for the fermented milk industry, the lack of milk necessary to operate the factories at full capacity, the lack of trained labor force and the seasonal consumption of dairy products and the high price of milk in the summer, all of which leads to the exit of milk industries from the market of competition with imported products.
         One of the most important solutions and proposals to solve these problems is to agree with merchants to supply the milk needed for manufacturing, for the state to provide animal feed to reduce the high prices of milk, especially in the summer season, to provide production requirements for manufacturing, to train technical workers, to provide job opportunities for them, and to increase reliable collection centers.