Data/hora: 02/06/2024 00:54:34

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	Custom and Capital: A Financial Appraisal of Alternative Arrangements for Large-Scale Oil Palm Development on Customary Land in Sarawak, Malaysia	
Autores: 	Cramb,   Rob A.; Ferraro,   Deanna.	
Data: 	2010-03-09	
Ano: 	2010	
Palavras-chave: 	Malaysia; Oil palm; Plantation development; Customary tenure; Managed smallholders; Joint ventures; Benefit-cost analysis.; International Development.	
Resumo: 	The oil palm boom in Southeast Asia has increased demand for institutional arrangements facilitating large-scale plantation development on customary lands. A financial model of an oil palm plantation in Sarawak, Malaysia, is used to explore six project types, including managed smallholders, three different joint-venture arrangements, renting, and (for comparison) a private plantation on state land. Benefit-cost analysis is used as basis for project, private (shareholder), and stakeholder analyses. There is a trade-off between the efficiency and equity outcomes of the alternative arrangements. While joint venture projects provide higher aggregate net benefits, managed smallholder projects provide more benefits to landholders. When the actual performance of the alternative schemes is taken into account, the managed smallholder approach is superior on both efficiency and equity grounds. The joint venture approach could be improved by combining a fixed rent with a share of dividends to reduce the income risk faced by landholders. In all cases, improved management is needed for the schemes to achieve their developmental potential.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/59072	
Relação: 	Australian Agricultural and Resource Economics Society&gt;2010 Conference (54th), February 10-12, 2010, Adelaide, Australia	
Formato: 	23