A financial analysis of a small scale Gmelina arborea Roxb. improvement program in Costa Rica
Authors: Hamilton, P.C.; Chandler, L.R.; Brodie, A.W.; Cornelius*, J.P.
Source: New Forests, Volume 16, Number 2, September 1998 , pp. 89-99(11)
Abstract:A financial analysis of a small-scale Gmelina arborea improvement program in Hojancha, Guanacaste Province, Costa Rica is described. The program consisted of a clonal seed orchard, made up of ramets of plus-trees, and three progeny tests/seedling seed orchards. A 5%discount rate was used. The total discounted/compounded cost of the program was US$25423. The analysis demonstrated that this outlay would be justified at annual planting rates of between 31 ha per year (at 20% genetic gain in volume) to 125 ha per year (at 5%genetic gain) over the 20-year life of the orchard. These results demonstrate that the implementation of such small-scale, locally-based programs by community-based or locally-orientated organizations may often be justifiable.
Document Type: Regular Paper
Affiliations: Tree Improvement Project, Tropical Agricultural Research and Higher Education Center (CATIE), Turrialba 7170, Costa Rica
Publication date: September 1998