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, A.
AU - Franz, J. S.
N1 - Funding Information:
The German Ministry for Education and Research (BMBF; project number 0339970A) supported this study. Additional funds from DAAD (German Academic Exchange Service) are gratefully acknowledged. The research was conducted at the premises of the Urgench State University in Khorezm as part of the ZEF/UNESCO landscape restructuring project. The authors are grateful to the editor and two anonymous reviewers for their valuable comments on an earlier version of the manuscript.
PY - 2008
Y1 - 2008
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
U2 - 10.1080/14728028.2008.9752644
DO - 10.1080/14728028.2008.9752644
M3 - Article
AN - SCOPUS:62249162822
VL - 18
SP - 373
EP - 386
JO - Forests Trees and Livelihoods
JF - Forests Trees and Livelihoods
SN - 1472-8028
IS - 4
ER -
