Economic Value Analysis of Makiang (Syzygium nervosum DC. var. paniala (Roxb) at Maejo University Phrae Campus

Abstract

    Project development of Making at Maejo University Phrae Campus is under the Plant Genetic Conservation Project Under The Royal initiative of Her Royal Highness Princess Maha Chakri Sirindhorm (RSPG). It has planted Making since 2020 about 12 years. It has a duty for conservation, study area, and develop breeding Making etc. Objective was economic value analysis of investment cropping Making. Methodology was cost, benefit, Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-Cost Ratio (B/C ratio), Payback Period. The results showed Making time 1-3 total cost 1,000-1,200 THB/year then in time 4 total cost 3,900-4,560 THB/year. Benefits’ tree growing could harvest 6,550-6,950 THB/year and maturity in time 10-11 got 21,000-23,000 THB/year. Economic value analysis was NPV 7,927.32 THB/year, B/C ratio 1.32 that it was worth it and payback period in 5 years. Therefore, Making will be an alternative plant for economic tree that can plant and be the worth investing. These results will decide for planning of farmers, RSPG or institution which increase promote the cropping Making and be opportunity of an alternative plant for economic tree.