Economics of Eucalypus camaldulensis plantation in Thailand
1988
Prakong Intrachandra (Kasetsart Univ., Bangkok (Thailand). Faculty of Forestry. Dept. of Forest Management)
Benefit-cost analysis technique is used to evaluate investment returns to growers. Output and price are expected on 4 years rotation basis and the net present value (NPV) are computed at difference alternative discount rates from 8 percent to 16 percent. Discount rate of 6 8 10 12 14 and 16 percent of the Eastern region. The NPV under a 4-year rotation of Eucalyptus camaldulensis are 5,457.28 5,027.49 4,628.92 4,258.50 3,913.98 and 3,592.97 baht/rai, respectively. At the same discount rate, the benefit-cost ratio are 2.91 2.78 2.65 2.53 2.41 and 2.31 respectively. The same analysis of Northeastern region, at the discount rate of 6 8 10 12 14 and 16 percent. The NPV are 3,843.59 3,517.93 3,215.61 2,934.61 2,673.05 and 2,429.31 baht/rai and B/C ratio are 2.61 2.48 2.36 2.25 2.15 and 2.04 respectively. The internal rate of return (IRR) of this project are 58 percent for The Eastern region and 50 percent for The Northeastern region. The private forests are classified into 4 categories; (1)6 individual household (2) company (3) 88school and temple and (4) co-operative. According to the 2530 census of the Royal Forest Department. The total number of the private forest in Eastern and Northeastern region amount to 1543 of which 92 percent is in size class of 1-100 rai.
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