Profitability of EU subsidy for the forestation plan in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002722" target="_blank" >RIV/47813059:19520/14:#0002722 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Profitability of EU subsidy for the forestation plan in the Czech Republic
Original language description
European Union funds represent an important financial source and unique opportunity in many fields of the Czech economy. The aim of this paper is to calculate profitability of a subsidy for the forestation plan. Financial effect could be significantly higher compared to other possibilities, which foresters have. One authentic example of subsidy use for forestation of a property with its costs and incomes was calculated and compared to other possibilities, using the property in a time period of 16 years.It is the time period of the forestation plan. Net present value (NPV) of cash flows from forestation plan was compared with present value from renting the property for the same time and as well as for infinity. Results prove that initial investment forforesting was paid back already in the first year by subsidy and the NPV of forestation plan is more than 111 thousands CZK per 1 ha (4,044 EUR) what is almost 2 times higher, compared to renting this property for market price.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Sborník příspěvků XII. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie
ISBN
978-80-7510-045-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
466-474
Publisher name
Slezská univerzita
Place of publication
Karviná
Event location
Ostravice
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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