Fecha/hora: 31/05/2024 21:25:23

Biblioteca(s): 	INIA Tacuarembó.	
Fecha corriente: 	17/10/2014	
Fecha de la última actualización: 	15/09/2020	
Autoria: 	CUBBAGE, F.; MAC DONAGH, P.; SAWINSKI, J.; RUBILAR, R.; DONOSO, P.; FERREIRA, A.; HOEFLICH, V.; MORALES OLMOS, V.; FERREIRA, G.; BALMELLI, G.; SIRY, J.; BAEZ, M.N.; ALVAREZ, J.	
Afiliación: 	FREDERICK CUBBAGE, Department of Forestry and Environmental Resources, North Carolina State University, USA; PATRICIO MAC DONAGH, Universidad Nacional de Misiones (UNAM), Eldorado, Misiones, Argentina; JOSÉ SAWINSKI, Universidade do Contestado-Canoinhas, Canoinhas, Brazil; RAFAEL RUBILAR, Universidad de Concepción, Concepción, Chile; PABLO DONOSO, Universidad Austral de Chile, Valdivia, Chile; ARNALDO FERREIRA, Consultant, Forest Genetics, Los Angeles, CA, USA; VITOR HOEFLICH, Embrapa Florestas and Universidade Federal do Paraná (UFPR), Brazil Curitiba, Brazil; VIRGINIA MORALES OLMOS, University of Georgia, Athens, GA, USA; GUSTAVO ALVARO FERREIRA DE MATTOS, INIA (Instituto Nacional de Investigación Agropecuaria), Uruguay; GUSTAVO DANIEL BALMELLI HERNANDEZ, Instituto Nacional de Investigación Agropecuaria (INIA), Uruguay; JACEK SIRY, University of Georgia, Athens, GA, USA; MIRTA NOEMI BÁEZ, Universidad Nacional de Misiones (UNAM), Eldorado, Misiones, Argentina; JOSÉ ALVAREZ, CMPC Forestry, Concepción, Chile.	
Título: 	Timber investment returns for selected plantations and native forests in South America and the Southern United States.	
Año de publicación: 	2007	
Fuente/Imprenta: 	New Forests, 2007, v. 33, no. 3, p. 237-255. DOI: https://doi.org/10.1007/s11056-006-9025-4	
DOI: 	10.1007/s11056-006-9025-4	
Idioma: 	Inglés	
Notas: 	Article history: Received: 3 April 2006 / Accepted: 15 October 2006 / Published online: 13 December 2006.	
Contenido: 	Timber investment returns were estimated for the principal exotic and selected native species in the Southern Cone of Latin America and in the Southern United States. Exotic eucalyptus plantations in South America were most profitable, with internal rates of returns (IRRs) ranging from 13% to 23%, followed by exotic loblolly pine, with IRRs from 9% to 17%. Average loblolly pine plantation returns in the US South were less profitable, with an IRR of about 9.5%, and natural forest management in the South had IRRs of 4% to 8%. Subtropical native species plantations of the best araucaria and nothofagus species had reasonable financial returns, with IRRs ranging from 5% to 13%. Subtropical or tropical native forests had fewer commercial timber species, and had much lower growth rates and returns.
Their IRRs were less than 4%, or even negative for unmanaged stands. State subsidy payments for forest plantations or for timber stand improvements increased IRRs
somewhat and reserving areas for environmental protection reduced their IRRs slightly. Including land costs in the cash flows decreased these internal rates of return
substantially. Natural stand returns in Latin America were much less than those of plantations, but management of those stands offered better rates of return than only
holding the land.	
Palabras-Clave: 	BIOLOGICAL AND FINANCIAL RISK; DESARROLLO TERRITORIAL; FINANCIAL ANALYSES; FOREST PLANTATIONS; LATIN AMERICA; NATIVE FORESTS; SECTOR FORESTAL-MADERERO; URUGUAY.	
Thesagro: 	AMERICA DEL SUR; EUCALYPTUS; FORESTACIÓN; INVERSIONES; MADERA.	
Categoría del tema: 	K10 Producción forestal	
URL: 	http://www.ainfo.inia.uy/digital/bitstream/item/3570/1/New-Forests2007v33n3p237-255.pdf	
Registro original: 	INIA Tacuarembó (TBO)	
Ejemplares: 	TBO - (100222-1) - PXI - AP - PP - PP/New Forests/2007 -  -  - DIS