Annual Equivalent Value, Benefit Cost Ratio, and Composite Performance Index as Valuation Appraisal Support of Teakwood Plantation

S Soeleman,H K S Daryanto,E G Sa'Id,A I Suroso

doi:10.7226/jtfm.20.1.58

Abstract

Annual Equivalent Value, Benefit Cost Ratio, and Composite Performance Index as Valuation Appraisal Support of Teakwood Plantation

Highlights

Several authors suggested agricultural expansion to meet additional food due to population growth led to deforestation and environmental degradation (Amacher et al 2008; Fuglie 2010; Kangalawe & Lymo 2010; Quaye et al 2010). Benhin (2006) stated that deforestation in developing countries was the cheapest way to increase agricultural production
Despite extensive research on dryland agriculture such as in Morroco, Israel, Iraq, Chile, USA, Iran, and Australia (Ryan et al 2007; Rabia et al 2008; Abi-Ghanem et al 2009; Young et al 2010; Acosta-Martinez et al 2011; Carberry et al 2011; Kademani 2011), none of them were dealing with teak plantation in marginal dryland as it was studied by Sugiharto (2013)
Gittinger (1982) did not include annual equivalent value (AEV), benefit cost ratio (BCR), nor composite performance index (CPI) which were incorporated in Sugiharto (2013)

Summary

Introduction

Several authors suggested agricultural expansion to meet additional food due to population growth led to deforestation and environmental degradation (Amacher et al 2008; Fuglie 2010; Kangalawe & Lymo 2010; Quaye et al 2010). Benhin (2006) stated that deforestation in developing countries was the cheapest way to increase agricultural production. Benhin (2006) stated that deforestation in developing countries was the cheapest way to increase agricultural production. Despite the need for productive agricultural lands there are unproductive marginal drylands scaterred all over the world that have not been developed mainly for economic reasons. Despite extensive research on dryland agriculture such as in Morroco, Israel, Iraq, Chile, USA, Iran, and Australia (Ryan et al 2007; Rabia et al 2008; Abi-Ghanem et al 2009; Young et al 2010; Acosta-Martinez et al 2011; Carberry et al 2011; Kademani 2011), none of them were dealing with teak plantation in marginal dryland as it was studied by Sugiharto (2013). In Ghana, teak trees were inter-planted with a mixture of food crops such as maize, yam, tomatoes, cassava, and groundnuts (Djagbletey & AduBredu 2007)

Methods

Results

Conclusion