Data/hora: 25/09/2024 14:44:58

Biblioteca(s): 	Embrapa Florestas.	
Data corrente: 	24/10/2007	
Data da última atualização: 	25/02/2015	
Autoria: 	CUBBAGE, F.; MAC DONAGH, P.; SAWINSKI JÚNIOR, J.; RUBILAR, P. D.; DONOSO, P.; FERREIRA, A.; HOEFLICH, V. A.; OLMOS, V. M.; FERREIRA, G.; BALMELLI, G.; SIRY, J.; BÁEZ, M. N.; ALVAREZ, J.	
Afiliação: 	Frederick Cubbage, North Carolina State University; Patricio Mac Donagh, Universidad Nacional de Misiones; José Sawinski Júnior, Universidade do Contestado; Rafael Rubilar, Universidad de Concepción; Pablo Donoso, Universidad Austral de Chile; Arnaldo Ferreira, Forest Genetic; Vitor Hoeflich, Embrapa Florestas; Virginia Morales Olmos, University of Georgia; Gustavo Ferreira, Instituto Nacional de Investigación Agropecuaria; Gustavo Balmelli, Instituto Nacional de Investigación Agropecuaria; Jacek Siry, University of Georgia; Mirta Noemi Báez, Universidad Nacional de Misiones; José Alvarez, CMPC Forestry.	
Título: 	Timber investment returns for selected plantations and native forests in South America and Southern United States.	
Ano de publicação: 	2007	
Fonte/Imprenta: 	News Forests, v. 33, p. 237-255, 2007.	
Idioma: 	Inglês	
Conteúdo: 	Timber investment returns were estimated for the principal exotic and selected native species in the Southern Cone of Latin America and in the Southern United States. Exotic eucalyptus plantations in South America were most profitable, with internal rates of returns (IRRs) ranging from 13% to 23%, followed by exotic loblolly pine, with IRRs from 9% to 17%. Average loblolly pine plantation returns in the US South were less profitable, with an IRR of about 9.5%, and natural forest management in the South had IRRs of 4% to 8%. Subtropical native species plantations of the best araucaria and nothofagus species had reasonable financial returns, with IRRs ranging from 5% to 13%. Subtropical or tropical native forests had fewer commercial timber species, and had much lower growth rates and returns. Their IRRs were less than 4%, or even negative for unmanaged stands. State subsidy payments for forest plantations or for timber stand improvements increased IRRs somewhat and reserving areas for environmental protection reduced their IRRs slightly. Including land costs in the cash flows decreased these internal rates of return substantially. Natural stand returns in Latin America were much less than those of plantations, but management of those stands offered better rates of return than only holding the land.	
Palavras-Chave: 	América Latina; Financial analyses; Native forests; Plantação florestal.	
Thesagro: 	Análise Econômica; Floresta Nativa.	
Thesaurus Nal: 	forest plantations; Latin America.	
Categoria do assunto: 	--	
Registro original: 	Embrapa Florestas (CNPF)	
Exemplares: 	CNPF - (41932-1) - UPC - AP - DD -  -  -  - DIS