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Research On The Estimate And Optimizing Of Eucalypt Investment Benefit In Yong'an City

Posted on:2009-04-12Degree:MasterType:Thesis
Country:ChinaCandidate:Z S HuangFull Text:PDF
GTID:2189360272491028Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years, eucalyptus has become a focus of forest investment for its excellent growth and timber quality. However, the problem of its investment evaluation hasn't been in-depth researched so far. Therefore, it is significant to research the economic effect evaluation of eucalyptus industrial raw forest.This thesis takes eucalyptus industrial raw forest of Yong'an Forestry Group as the research objective. The theories and methods of the economic effects evaluation are applied to its evaluation, and the choice of the investment rate is discussed in detail. The results are as follow:First of all, the economic result of the eucalyptus industrial raw forest is high. When the interest rate is 6.76%, the NPV (net present value) can be 3969.73 Yuan per hectare, its annual average profit is 1350.25 Yuan per hectare, and the IRR (internal rate of return) which is much bigger than 6.76% is 16.20%. Considering the national financial subsidy, its real interest rate is 3.76%, the NPV will be 6025.39 Yuan per hectare.Secondly, the optimal planting density of eucalyptus industrial raw forest is 1350 trees per hectare. Under this planting density, its economic result also will be the best of all.Thirdly, there are mainly five sensitive factors to the forest investment: price of timber, cutting cost, output of timber, planting cost and discount rate. Of all these factors, price of timber is the most influential factor.Lastly, in order to improve the economic effect further, some constructive suggestions and explanations were put forward.There are 5 chapters in all in this paper. The first chapter is introduction. The second chapter is the basic analysis of eucalyptus. The third chapter is the theories and methods about economic effect evaluation. The fourth chapter is to confirm the optimal level of investment. The last chapter is the conclusions and discussions.
Keywords/Search Tags:Eucalyptus, Industrial Raw Forest, Economic Effects Evaluation, Investment
PDF Full Text Request
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