Abstract
The World Bank financed the development of smallholder treefarms for pulpwood production in the vicinity of the mill of the Paper Industries Corporation of the Philippines. This project succeeded in recruiting a large number of participants due to (1) expectations of satisfactory economic returns with minimal effort, (2) the provision of technical extension services and (3) the guarantee of a market for the output. The main shortcomings of the project include (1) the abandonment of the sustained yield agroforestry approach, (2) failure to anticipate harvesting problems, (3) government price controls on newsprint that set a cap on the value of pulpwood and (4) the selection of a species that is prone to typhoon damage.
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