Cost of forest insurance in the economic viability of eucalyptus plants
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Publication Date: | 2018 |
Other Authors: | , , , |
Format: | Article |
Language: | eng |
Source: | Repositório Institucional da UFLA |
Download full: | http://repositorio.ufla.br/jspui/handle/1/34022 |
Summary: | The objective of this study is to carry out economic and risk assessment of eucalyptus plantations located in Minas Gerais, considering the influence of the cost of forest insurance, evidencing its impact on the project. The costs of implementation and driving come from eucalyptus plantations located in the Jequitinhonha Valley, Minas Gerais. The cost of forest insurance was obtained through a simulation of a quote from an insurer. For the economic evaluation, the Net Present Value (NPV), the Internal Rate of Return (IRR) and the Equivalent Periodic Benefit (EPB) were used. The risk sensitivity analysis was performed by the Monte Carlo method. The economic analysis was considered viable by all indicators used in all three situations. However, by the analysis of investment risk, we have a probability of 11.5% chance of NPV being below zero in situation 1, 18.5% in situation 2 and 25% in situation 3. The cost of Forest insurance increases the likelihood of negative value for economic indicators, as it increases the cost of the project, but it was input that less influenced the final value of the NPV. The government grant reduces the likelihood of investment risk as it lowers the cost of forest insurance. |
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Cost of forest insurance in the economic viability of eucalyptus plantsCusto do seguro de florestas na viabilidade econômica de plantios de eucaliptoForest marketForest investmentRural insuranceMercado florestalInvestimento florestalSeguro ruralThe objective of this study is to carry out economic and risk assessment of eucalyptus plantations located in Minas Gerais, considering the influence of the cost of forest insurance, evidencing its impact on the project. The costs of implementation and driving come from eucalyptus plantations located in the Jequitinhonha Valley, Minas Gerais. The cost of forest insurance was obtained through a simulation of a quote from an insurer. For the economic evaluation, the Net Present Value (NPV), the Internal Rate of Return (IRR) and the Equivalent Periodic Benefit (EPB) were used. The risk sensitivity analysis was performed by the Monte Carlo method. The economic analysis was considered viable by all indicators used in all three situations. However, by the analysis of investment risk, we have a probability of 11.5% chance of NPV being below zero in situation 1, 18.5% in situation 2 and 25% in situation 3. The cost of Forest insurance increases the likelihood of negative value for economic indicators, as it increases the cost of the project, but it was input that less influenced the final value of the NPV. The government grant reduces the likelihood of investment risk as it lowers the cost of forest insurance.Este estudo tem como objetivo realizar análises econômica e de risco de investimento em plantios de eucalipto situados em Minas Gerais, considerando a influência do custo do seguro de florestas, evidenciando o seu impacto no projeto. Os custos de implantação e condução são oriundos de plantios de eucalipto localizados no Vale do Jequitinhonha, Minas Gerais. O custo do seguro de florestas foi obtido por meio de uma simulação de cotação junto à uma seguradora. Para a avaliação econômica utilizou-se o Valor Presente Líquido (VPL), a Taxa Interna de Retorno (TIR) e o Benefício Periódico Equivalente (BPE). Procedeu-se a análise de sensibilidade de risco pelo método de Monte Carlo. A análise econômica realizada foi considerada viável por todos os indicadores utilizados em todas as três situações trabalhadas. Mas, pela análise de risco de investimento, tem-se a probabilidade de 11,5% de chances do valor de VPL estar abaixo de zero na situação 1, 18,5% na situação 2 e 25% na situação 3. O custo do seguro de florestas aumenta a probabilidade de valor negativo para os indicadores econômicos, pois ele aumenta o custo do projeto, porém ele foi input o que menos influenciou no valor final do VPL. A subvenção do governo reduz a probabilidade do risco de investimento, uma vez que diminui o custo do seguro de florestas.Sociedade de Investigações Florestais2019-05-07T13:07:10Z2019-05-07T13:07:10Z2018info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfPEREIRA, R. S. et al. Cost of forest insurance in the economic viability of eucalyptus plants. Revista Árvore, Viçosa, MG, v. 42, n. 3, p. 1-9, 2018. DOI: http://dx.doi.org/10.1590/1806-90882018000300002.http://repositorio.ufla.br/jspui/handle/1/34022Revista Árvorereponame:Repositório Institucional da UFLAinstname:Universidade Federal de Lavras (UFLA)instacron:UFLAhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessPereira, Rafaella SilvaCordeiro, Sidney AraujoOliveira, Marcio Leles Romarco deMatosinhos, Cristiano ChristofaroGuimarães Junior, José Beneditoeng2023-05-02T18:43:22Zoai:localhost:1/34022Repositório InstitucionalPUBhttp://repositorio.ufla.br/oai/requestnivaldo@ufla.br || repositorio.biblioteca@ufla.bropendoar:2023-05-02T18:43:22Repositório Institucional da UFLA - Universidade Federal de Lavras (UFLA)false |
dc.title.none.fl_str_mv |
Cost of forest insurance in the economic viability of eucalyptus plants Custo do seguro de florestas na viabilidade econômica de plantios de eucalipto |
title |
Cost of forest insurance in the economic viability of eucalyptus plants |
spellingShingle |
Cost of forest insurance in the economic viability of eucalyptus plants Pereira, Rafaella Silva Forest market Forest investment Rural insurance Mercado florestal Investimento florestal Seguro rural |
title_short |
Cost of forest insurance in the economic viability of eucalyptus plants |
title_full |
Cost of forest insurance in the economic viability of eucalyptus plants |
title_fullStr |
Cost of forest insurance in the economic viability of eucalyptus plants |
title_full_unstemmed |
Cost of forest insurance in the economic viability of eucalyptus plants |
title_sort |
Cost of forest insurance in the economic viability of eucalyptus plants |
author |
Pereira, Rafaella Silva |
author_facet |
Pereira, Rafaella Silva Cordeiro, Sidney Araujo Oliveira, Marcio Leles Romarco de Matosinhos, Cristiano Christofaro Guimarães Junior, José Benedito |
author_role |
author |
author2 |
Cordeiro, Sidney Araujo Oliveira, Marcio Leles Romarco de Matosinhos, Cristiano Christofaro Guimarães Junior, José Benedito |
author2_role |
author author author author |
dc.contributor.author.fl_str_mv |
Pereira, Rafaella Silva Cordeiro, Sidney Araujo Oliveira, Marcio Leles Romarco de Matosinhos, Cristiano Christofaro Guimarães Junior, José Benedito |
dc.subject.por.fl_str_mv |
Forest market Forest investment Rural insurance Mercado florestal Investimento florestal Seguro rural |
topic |
Forest market Forest investment Rural insurance Mercado florestal Investimento florestal Seguro rural |
description |
The objective of this study is to carry out economic and risk assessment of eucalyptus plantations located in Minas Gerais, considering the influence of the cost of forest insurance, evidencing its impact on the project. The costs of implementation and driving come from eucalyptus plantations located in the Jequitinhonha Valley, Minas Gerais. The cost of forest insurance was obtained through a simulation of a quote from an insurer. For the economic evaluation, the Net Present Value (NPV), the Internal Rate of Return (IRR) and the Equivalent Periodic Benefit (EPB) were used. The risk sensitivity analysis was performed by the Monte Carlo method. The economic analysis was considered viable by all indicators used in all three situations. However, by the analysis of investment risk, we have a probability of 11.5% chance of NPV being below zero in situation 1, 18.5% in situation 2 and 25% in situation 3. The cost of Forest insurance increases the likelihood of negative value for economic indicators, as it increases the cost of the project, but it was input that less influenced the final value of the NPV. The government grant reduces the likelihood of investment risk as it lowers the cost of forest insurance. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018 2019-05-07T13:07:10Z 2019-05-07T13:07:10Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
PEREIRA, R. S. et al. Cost of forest insurance in the economic viability of eucalyptus plants. Revista Árvore, Viçosa, MG, v. 42, n. 3, p. 1-9, 2018. DOI: http://dx.doi.org/10.1590/1806-90882018000300002. http://repositorio.ufla.br/jspui/handle/1/34022 |
identifier_str_mv |
PEREIRA, R. S. et al. Cost of forest insurance in the economic viability of eucalyptus plants. Revista Árvore, Viçosa, MG, v. 42, n. 3, p. 1-9, 2018. DOI: http://dx.doi.org/10.1590/1806-90882018000300002. |
url |
http://repositorio.ufla.br/jspui/handle/1/34022 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
http://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
http://creativecommons.org/licenses/by/4.0/ |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Sociedade de Investigações Florestais |
publisher.none.fl_str_mv |
Sociedade de Investigações Florestais |
dc.source.none.fl_str_mv |
Revista Árvore reponame:Repositório Institucional da UFLA instname:Universidade Federal de Lavras (UFLA) instacron:UFLA |
instname_str |
Universidade Federal de Lavras (UFLA) |
instacron_str |
UFLA |
institution |
UFLA |
reponame_str |
Repositório Institucional da UFLA |
collection |
Repositório Institucional da UFLA |
repository.name.fl_str_mv |
Repositório Institucional da UFLA - Universidade Federal de Lavras (UFLA) |
repository.mail.fl_str_mv |
nivaldo@ufla.br || repositorio.biblioteca@ufla.br |
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1784550163621085184 |