Title: Pricing teak plantations at any age of stand growth: what implications for rural communities in Côte d'Ivoire?
Authors: B.G. Jean Jacques Iritié
Addresses: Department of Business Administration and Applied Economics, National Polytechnic Institute Félix Houphouet Boigny (INP-HB), BP 1093 Yamoussoukro, Côte d'Ivoire
Abstract: This paper aims at determining the price or market value of teak plantations at different ages of stand growth in Côte d'Ivoire. To do, we use both cost price values and expectation values methods. The data required for estimation are on silviculture, teak growth model, expenditures, receipts and discount rate; we consider three main phytogeographic areas (wet forest, pre-forest, savannah). Our results show that teak plantations have significant annual monetary values since the establishment of plantations until clear-cut, whatever the area; the tables of estimated annual values can be used as negotiation and decision-making tools in commercial transactions for the benefit of rural producers. As long-term activities, teak plantations could be seen as green savings and legacy capital for future generations. Therefore, policymakers must be more involved in extension and promoting teak plantations in rural communities.
Keywords: teak plantations; forest estimation; cost price value; expectation value; green savings; rural communities; Côte d'Ivoire.
African Journal of Economic and Sustainable Development, 2020 Vol.7 No.4, pp.331 - 373
Received: 02 Jul 2019
Accepted: 12 Oct 2019
Published online: 21 Apr 2020 *