Comparative financial analysis of para rubber and Eucalyptus camaldulensis plantations in dry areas in Eastern Thailand
1988
Jiamjai Kittipakorn
Study utilized data collected from farmers in Rayong and Chachoengsao by purposive random sampling, and related agencies. The period of analysis is 28 years. Rotation of Para rubber and E. camaldulensis are 28 and 4 years respectively. Discount rates are at 4 levels: 6, 8, 10 and 14 percent. The analysis revealed that the return of investment in E. camaldulensis plantations was higher than Para rubber plantations. Benefit-cost ratios and net present worth of E. camaldulensis at 6,8,10 and 14 percent discount rates higher than those of Para rubber at all such rates. Internal rate of return from E. camaldulensis was 60.80 percent and Para rubber 27.56 percent respectively. The result of sensitivity analysis showed that at the signified discount rates, whether the costs were increased by 10 percent or returns were decreased by 10 percent or the costs and returns were increased and decreased repectively by 10 percent, the benefit cost ratios of both plants were still higher than 1. The net present values of E. camaldulensis were higher than of Para rubber in all cases mentioned.
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