Marketing and financial analysis of teak in Thong Pha Phum Plantation, Kanchanaburi province | การตลาดและการวิเคราะห์ทางการเงินของไม้สักในสวนป่าทองผาภูมิ จังหวัดกาญจนบุรี
2015
Santi Suksard(Kasetsart University, Bangkok (Thailand). Faculty of Forestry) | Aphichat Kapmanee(Kasetsart University, Bangkok (Thailand). Faculty of Forestry) E-mail:[email protected]
The objectives of this study were to analyze the production, marketing and financial analysis from the investment of teak plantation at Thong Pha Phum Plantation, Kanchanaburi province. Financial analysis methods used for the study were net present value (NPV), benefit - cost ratio (B/C) with the given discount rates of 4, 6, 8, 10, 12 and 14 percent and internal rate of return. The duration of the project is 33 years. In addition, analysis of sensitivity and switching value test were made. Results of this study indicated that spacing of teak was 4 m. × 4 m. The first thinning, second thinning and final cutting of teak were made at 20, 21 and 33 years old, respectively. Price of teak depend on girth at midpoint and length of teak logs. NPV and B/C per rai of teak plantation at the given discount rate of 4, 6 and 8 percent were more than 0 and 1, respectively, and their IRR was 9.97 percent. Thus the teak plantation was a sound project. The sensitivity analysis of project indicated that NPV and B/C of at the given discount rate of 4, 6 and 8 percent were more than 0 and 1, respectively, and their IRR were more than 8 percent which represented the low risk investment. In addittion, switching value test of benefit and cost were rather high which represented the low risk investment. Hence, teak plantation was interesting enterprise which provides not only high profit but also the less risk. Thus the teak plantation enterprise should be widely accepted by the general investors.
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