multipurpose tree species research for small farms: strategies ... - part

the project and at an interest rate of 10%, the
EIRR is27%, the switching vah,e, also at 10%,
foi bcniefits of -65% and costs of 190%.
Fourth Tree Crops Project, Sri Lanka
Economic analysis. The financial return for
tea and rubber has been rpted as acceptable
while for coconuts it is marginal. FIRR for the
corporations is estimated to be 18-19%. The
economic analysis studied the economic
benefits from increased production of tea,
rubber, coconuts, and the costs. The EIRR for
the proect as a whole is 26%, and for fuelwood
it is 50 %. The switching value at the 10%
cutoff rate for Sri Lanka for incremental
benefits is -86% with investment costs at 613%.
Northeast Region Woodfuels Supply
Preinvestment Study, Thailand
Cost recovery. A portion of the project
seedlingproduction and other plantation
establis ment costs would be recovered through
seedling sales and collection of timber harvests.
Appendix. List of projects.
ADB. 1977. Nepal: Sagarnath Forestry Development Project. NEP:AP-18.
ADB. 1981. Bangladesh: Community Forestry Project. BAN:AP-36.
This would represent about 44% of the total
cost of the seedling supply. Plantation
establishment costs incurred by I - government
would be about 22%. The rest v, uld be paid by
the private sector or participatio-, institutions
and community groups. The goernment could
recover about 50% of the estah::hment costs
for the rehabilitation and reforestation of
encroached forest reserve land through
intermediate and final timber harvest proceeds
under one option, and up to 97% under another.
Economic analysis. The FIRR is.estimated
from 23-44% depending on the activity, ie. farm
forestry under agroforestry yields a return of
44%, while a village woodlot is only 23%. The
EIRR for planting isestimated from 24% for
commercial woodfuel plantations to 38% for
rehabilitation of encroached forest reserve land.
For the entire project, the EIRR would be 18%,
without research and development activities the
rate would be 19%. The switching value would
be a 36% increase in cost and a 26% decrease in
benefits at an interest rate of 12%.
UNDPIBRD. 1987. Thailand: Northeast Regional Woodfuels Supply Pre-investment Study. (Draft).
IBRD Staff appraisal reports:
1979. India: Uttar Fradesh Social Forestry Project. No. 2386a-IN.
1980. India: Kandi Watershed and Area Development Project, Punjab. No. 2174a-IN.
1981. India: West Bengal Social Forestry Froject. No. 3434-IN.
1983. India: Karnataka Social Forestry Project. No. 4590a-IN.
1983. India: Himalayan Watershed Management Project, Uttar Pradesh. No. 4317-IN.
1985. India: National Social Forestry Project. No. 5591b-IN.
1980. Nepal: Community Forestry Development and Training Project. No. 2663a-NEP.
1983. Nepal: Second Forestry Project. No. 4353-NEP.
1985. Sri Lanka: Fourth Tree Crops Project. No. 5265-CE.
73