TY  - BOOK
AU  - Guo Zhimei
AU  - Deegen Peter
AU  - Uibrig Holm
AU  - Zhang Yaoqi
TI  - Economic analyses of rubber and tea plantations and rubber-tea intercropping in Hainan, China
PY  - 2006///
PB  - Agroforestry Systems
KW  - Economic efficiency
KW  - Faustmann model
KW  - Land expectation value
KW  - Optimal rotation
KW  - Tropical land use
N2  - This study uses land expectation value (LEV) as a criterion to conduct economic analyses of natural rubber (Hevea brasiliensis) and tea (Camellia sinensis var. assamica) monoculture, and rubber-tea intercropping. We calculated LEV by using the Faustmann model that combines annual revenue flow from latex production with final timber harvest of rubber trees. Production and cost data were collected from Xinwei Farm in Hainan, China. We found that rubber-tea intercropping generated higher LEV than rubber and tea monoculture under current socio-economic circumstances. Sensitivity analysis has been conducted to examine the impacts on land expectation value by interest rate, prices of natural rubber and tea, and labor costs
ER  -