Impact of postponing cork extraction on the equivalent annual annuity stands, characterized by varying productivity and cork quality
The minimum interval between 2 successive cork extractions from the same tree is fixed by law as 9 years in Portugal. Postponing cork extraction to more than 9 years is an option that results (or not) in a variation of the cork price (for the same structure of cork prices). Site productivity, cork thickness and quality and discount rate contribute to the profitability of the farm, which may be evaluated, for example, by the equivalent annual annuity (EAA). The objective is to apply the SUBER model to evaluate the influence of the cork debarking rotation period (CDR) variation, from 9 to 11 years, on the EAA of different stands by analysing the opportunity to increase the market price of extracted cork.