Gce Model Questions Vol1 2024 Agricultural Science Question 50
Practice objective / multiple choice question 50 from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
A pine forest covering 100 ha is managed on a per‑hectare basis. Each hectare initially contains 800 trees. A tree yields 0.5 m³ of timber at age 30 years. The annual natural mortality rate is 1.5 % of the standing trees. Timber sells for ₦250,000 m⁻³ and the discount rate is 5 % per annum. The manager plans a single clear‑fell at age 30 years and immediate re‑planting, repeating the cycle indefinitely. Ignoring planting costs, calculate the net present value (NPV) per hectare of this management regime using the formula \( \text{NPV} = \dfrac{\text{Revenue at harvest}}{(1+r)^{n}} \).
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About This Question
This is Gce Model Questions Vol1 2024 Agricultural Science Question 50. It is one of the objective questions from the 2024 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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