Research, Policy and Practice
Table 5 Financial and economic values associated with livestock systems and tourism wildlife viewing enterprises – Woodland biome (N$, 2008, where N$1.00 = US$0.13)
Traditional | Cattle post | Commercial | Tourism | |
|---|---|---|---|---|
Financial data | ||||
Initial capital | 99,381 | 1,064,782 | 3,259,660 | 11,825,946 |
At stability | ||||
Gross turnover | 35,225 | 380,143 | 937,506 | 15,076,056 |
Financial costs variable | 8,050 | 241,301 | 418,605 | 7,701,617 |
Financial costs fixed | 10,677 | 81,713 | 424,152 | 3,089,850 |
Entrepreneur net cash income | 16,498 | 57,129 | 94,749 | 4,284,590 |
Community income | 23,518 | 27,000 | 62,370 | 626,400 |
Overall return | ||||
Financial IRR (10 years) | 19.99% | 7.79% | 7.09% | 35.05% |
Financial NPV (10 years at 10%) | 48,792 | (19,245) | (570,856) | 17,509,309 |
Wage bill | 7,020 | 27,000 | 62,370 | 1,144,800 |
Economic data | ||||
Initial capital | 86,756 | 958,603 | 2,979,933 | 10,814,706 |
Gross output | 29,372 | 432,123 | 814,223 | 16,335,133 |
Economic costs | 19,549 | 263,867 | 608,497 | 9,368,723 |
Incremental contribution to GNI | 9,823 | 168,256 | 205,726 | 6,966,410 |
Incremental contribution to NNI | 7,963 | 145,309 | 69,992 | 6,292,706 |
Economic IRR (10 years) | 23.94% | 11.53% | 7.49% | 70.29% |
Economic NPV (10 years) at 10%) | 56,184 | 99,006 | (409,815) | 34,391,437 |
Number of jobs | 1.3 | 4 | 5 | 28 |
Incremental contribution to GNI per hectare | 54.57 | 26.29 | 20.57 | 483.78 |
Incremental contribution to NNI per hectare | 44.24 | 22.70 | 7.00 | 436.99 |
Community income per hectare | 130.66 | 4.22 | 6.24 | 43.50 |
Entrepreneur net cash income per hectare | 91.66 | 8.93 | 9.47 | 297.54 |
Initial economic capital per hectare | 481.98 | 149.78 | 297.99 | 751.02 |
Economic gross output per hectare | 163.18 | 67.52 | 81.42 | 1,134.38 |