Economic analysis of small rubber plantation of Nucleus Estate Smallholder Development (NES) Project in Jambi province, Indonesia
1985
Basri, H.A.
The analysis of this study was undertaken at the farm level and project level. At the farm level, the analysis was based on one hectare of a small rubber plantation by using financial analysis as well as economic analysis. The results revealed that the internal and economic rate of return of the small rubber plantation was higher than the prevailing discount rate. It was also found that a considerable amount of the net present value would be received from small rubber plantations. Small rubber plantations will promote economic growth within the country as well as inside the project area. The break-even year was shown by summation benefits and summation costs of small rubber plantations or cumulative net present value. The benefit cost ratio revealed that for every unit of money invested in the rubber plantation, the investment will give a benefit or profit. The study showed the use of concept of the capital budgeting technique to estimate the appropriate year that the rubber plantation should be replaced. From the results it was found that the rubber should be replaced at year 29, since in this year the average return (standardized cumulative NPV) per year for the entire period reached the maximum
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