Análise da viabilidade econômica de um plantio de Eucalyptus grandis W. Hill ex Maiden destinado para serraria no núcleo regional de Dois Vizinhos-PR

Abstract

The objective of the work was to analyze the economic feasibility of a plantation of Eucalyptus grandis for sawmills in the region of Dois Vizinhos-PR. The data were collected through a market research in websites, books, magazines, articles, and other sources. The economic feasibility was analyzed through the Net Present Value (NPV), Net Future Value (NPV), Annual Net Present Value (ANPV), Cost-Benefit Ratio (B/C), Internal Rate of Return (IRR), and Expected Land Value (ETV). For this, a Minimum Rate of Attractiveness (MIR) of 6,00% p.a. was used, with a land cost of R$ 32.400/ha and the wood price varying according to assortments, being paid R$ 199.12/m³ for logs removed in a clear cut at 15 years of age. The implementation cost was R$ 7.049,62/ha, a value within the expected value, compared to the implementation costs of forest-based companies. The project was economically viable with and without land cost, presenting a NPV of R$ 7.418,92/ha and R$ 26.299,53/ha, respectively. According to the scenario proposed in the sensitivity analysis,it was possible to see that the project becomes economically unfeasible starting with a real TMA of 8,00% p.a. and with a land cost of R$ 32.400,00/ha. The investment has great chances of success economically, being an interesting alternative of investment in the region, since the commercial plantations are usually different, both in final destination of the wood and in production modalities.