Financial calculations from the Black Walnut Financial Model Ver. 2.0 from the
University of Missouri Center for Agroforestry web site. All values are in U.S. dollars
($).
a Scenario 1: trees are unimproved and not grafted, and the nuts are sold to a local
sheller at $0.13/lb—a ‘‘worst case scenario’’. Scenario 2: improved and/or grafted
trees are planted and nuts are sold at a premium ($0.50/lb) directly to the processor.
b NPV, net present value: discounted value of all costs and revenues on a per acre
basis.
c AEV, annual equivalent value: estimate of an equivalent annuity payment that
would have the same NPV as the plantation.