Evaluación Financiera de un Proyecto de Producción de Madera de Eucalipto en la Provincia de Tungurahua.

Abstract

The financial evaluation of a production Eucalyptus wood project at the Tungurahua province, it’s an interval production project; different to traditional projects, It has an intensive development with a increase of plantation density for area unit, the reduction of harvest’s period and an adequate rotation of production fields. This lets to divide the d ebit flow for the same periods like production lots exist, and it obtains a permanent income flow for each period since the first harvest. It’s a quantitative research en the feasible project modality, measuring a operative model in order to determine the financial viability. It wants to measure the yield of wood production. This will permit to support the investment in the agricultural sector of the province and it lets to improve the wood supply into specific markets and finally, supply the potential r equirement of Eucalyptus wood for the paper industry. It obtained the production cost, the cash flow of the project; then, it calculates the Net present Value (VPN), The yield internal rate (TIR) and the sensibility analysis; the results was a VPN of US D. 23 627.47, the TIR of 15.39 per cent with the provability of 77 per cent in order to reach the results; then, the project is viable, with a standard deviation of 8 705.64 and variation coefficient of 0.34; The TIR improve the discount rate in 9.30 poin ts. The present job recommend to establish timberlands with interval production system in the Tungurahua province; advertise the present project of wood production; make use of the opportunity of the biggest requirement of eucalyptus wood in the internat ional markets; make use of that European countries pay to owners of wood fields (“buy of air”); and propose this job to Development institutions like National Finantial Corporation (CFN) and Improvement Bank (BNF) in order to help with credits to big and s mall farmers.