Abstract
The establishment of forests on small-scale marginal lands in the Amu Darya Lowlands in Uzbekistan is an alternative use of land abandoned from cropping. Over four consecutive years biomass data were collected from Elaeagnus angustifolia, Ulmus pumila, and Populus euphratica plantings and complemented with data of mature trees (15–20 years) growing naturally on marginal land. These formed the basis for elaborating 20-year growth functions for these species. The potential for capital investment in the small-scale forests was assessed by considering annual fuelwood, fodder and fruit production, plus the stumpage value after 20 years. The benefit to cost ratio (BCR) and Net Present Value (NPV) were compared at 10%, 16% and 24% discount rates. At a 16% discount rate (base case), the NPV for E. angustifolia was greatest (13,924 US$ ha−1)1, followed by P. euphratica(4,096 US$ ha−1), and U. pumila (1,717 US$ ha1) showing a BCR of 7.8, 2.2 and 1.8, respectively. These suggest that afforestation is a promising alternative form of land use.
| Original language | English |
|---|---|
| Pages (from-to) | 373-386 |
| Number of pages | 14 |
| Journal | Forests Trees and Livelihoods |
| Volume | 18 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2008 Jan 1 |
| Externally published | Yes |
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Keywords
- Afforestation
- Aral Sea Basin
- Benefit-Cost Ratio
- Present Value of Net Return
ASJC Scopus subject areas
- Forestry
Cite this
Financial analysis of small-scale forests in the amu darya lowlands of rural uzbekistan. / Lamers, J. P.; Bobojonov, I.; Khamzina, Asia; Franz, J. S.
In: Forests Trees and Livelihoods, Vol. 18, No. 4, 01.01.2008, p. 373-386.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Financial analysis of small-scale forests in the amu darya lowlands of rural uzbekistan
AU - Lamers, J. P.
AU - Bobojonov, I.
AU - Khamzina, Asia
AU - Franz, J. S.
PY - 2008/1/1
Y1 - 2008/1/1
N2 - The establishment of forests on small-scale marginal lands in the Amu Darya Lowlands in Uzbekistan is an alternative use of land abandoned from cropping. Over four consecutive years biomass data were collected from Elaeagnus angustifolia, Ulmus pumila, and Populus euphratica plantings and complemented with data of mature trees (15–20 years) growing naturally on marginal land. These formed the basis for elaborating 20-year growth functions for these species. The potential for capital investment in the small-scale forests was assessed by considering annual fuelwood, fodder and fruit production, plus the stumpage value after 20 years. The benefit to cost ratio (BCR) and Net Present Value (NPV) were compared at 10%, 16% and 24% discount rates. At a 16% discount rate (base case), the NPV for E. angustifolia was greatest (13,924 US$ ha−1)1, followed by P. euphratica(4,096 US$ ha−1), and U. pumila (1,717 US$ ha1) showing a BCR of 7.8, 2.2 and 1.8, respectively. These suggest that afforestation is a promising alternative form of land use.
AB - The establishment of forests on small-scale marginal lands in the Amu Darya Lowlands in Uzbekistan is an alternative use of land abandoned from cropping. Over four consecutive years biomass data were collected from Elaeagnus angustifolia, Ulmus pumila, and Populus euphratica plantings and complemented with data of mature trees (15–20 years) growing naturally on marginal land. These formed the basis for elaborating 20-year growth functions for these species. The potential for capital investment in the small-scale forests was assessed by considering annual fuelwood, fodder and fruit production, plus the stumpage value after 20 years. The benefit to cost ratio (BCR) and Net Present Value (NPV) were compared at 10%, 16% and 24% discount rates. At a 16% discount rate (base case), the NPV for E. angustifolia was greatest (13,924 US$ ha−1)1, followed by P. euphratica(4,096 US$ ha−1), and U. pumila (1,717 US$ ha1) showing a BCR of 7.8, 2.2 and 1.8, respectively. These suggest that afforestation is a promising alternative form of land use.
KW - Afforestation
KW - Aral Sea Basin
KW - Benefit-Cost Ratio
KW - Present Value of Net Return
UR - http://www.scopus.com/inward/record.url?scp=62249162822&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=62249162822&partnerID=8YFLogxK
U2 - 10.1080/14728028.2008.9752644
DO - 10.1080/14728028.2008.9752644
M3 - Article
VL - 18
SP - 373
EP - 386
JO - Forests Trees and Livelihoods
JF - Forests Trees and Livelihoods
SN - 1472-8028
IS - 4
ER -