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Assessing the economic feasibility of short rotation loblolly biomass plantations

Author

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  • Kantavichai, Rapeepan
  • Gallagher, Tom V.
  • Teeter, Larry D.

Abstract

Recently, interest in short rotation loblolly plantations as a feedstock for cellulosic biofuel production has been growing. This study explored the potential of these plantations as an economically feasible alternative by validating a simulation growth model with two young loblolly plantations located in Coastal Plain Alabama and analyzing the breakeven price of a biomass plantation by comparing it to the expected value from a traditional timber management prescription on two typical AL sites in Piedmont and Coastal Plain. With three real discount rates; 5%, 7% and 9%, we found that landowners would find short rotation biomass plantations attractive when the stumpage price is approximately $10.50ton−1 on a Piedmont site with a 14-year rotation and approximately $13.50ton−1 on a Coastal Plain site with a 9-year rotation. Sensitivity analysis of the breakeven price suggests that biomass breakeven price would increase 15% on the Piedmont site and 22% on the Coastal Plain site when sawtimber prices increase by 50%.

Suggested Citation

  • Kantavichai, Rapeepan & Gallagher, Tom V. & Teeter, Larry D., 2014. "Assessing the economic feasibility of short rotation loblolly biomass plantations," Forest Policy and Economics, Elsevier, vol. 38(C), pages 126-131.
    • Handle: RePEc:eee:forpol:v:38:y:2014:i:c:p:126-131
    DOI: 10.1016/j.forpol.2013.05.003
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    Cited by:

    1. Testa, Riccardo & Di Trapani, Anna Maria & Foderà, Mario & Sgroi, Filippo & Tudisca, Salvatore, 2014. "Economic evaluation of introduction of poplar as biomass crop in Italy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 775-780.
    2. Testa, Riccardo & Foderà, Mario & Di Trapani, Anna Maria & Tudisca, Salvatore & Sgroi, Filippo, 2016. "Giant reed as energy crop for Southern Italy: An economic feasibility study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 558-564.
    3. Sgroi, Filippo & Di Trapani, Anna Maria & Foderà, Mario & Testa, Riccardo & Tudisca, Salvatore, 2015. "Economic assessment of Eucalyptus (spp.) for biomass production as alternative crop in Southern Italy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 614-619.
    4. Omoyemeh J. Ile & Hanna McCormick & Sheila Skrabacz & Shamik Bhattacharya & Maricar Aguilos & Henrique D. R. Carvalho & Joshua Idassi & Justin Baker & Joshua L. Heitman & John S. King, 2022. "Integrating Short Rotation Woody Crops into Conventional Agricultural Practices in the Southeastern United States: A Review," Land, MDPI, vol. 12(1), pages 1-26, December.

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