@article{Duncanson:125614,
      recid = {125614},
      author = {Duncanson, Tym and Schilizzi, Steven},
      title = {DROUGHT RISK: HAVE ECONOMIC BENEFITS FROM E. GLOBULUS  PLANTATIONS IN SOUTH WEST AUSTRALIA BEEN OVERESTIMATED?},
      address = {2001-01},
      number = {412-2016-25815},
      pages = {13},
      year = {2001},
      abstract = {The social and environmental benefits of establishing E.  globulus plantations in south west Australia on previously  cleared farmland are reviewed. Due to their sensitivity to  drought, we study how this risk may affect the return on  plantation investments. Productivity reductions of up to  40% in both rotations did not result in an internal rate of  return lower than the threshold 10%. These results assume  that growers could sell into the international market and  receive export parity prices. If this case, large  reductions in plantation productivity should not discourage  investment and the reported social benefits should not be  greatly affected.},
      url = {http://ageconsearch.umn.edu/record/125614},
      doi = {https://doi.org/10.22004/ag.econ.125614},
}