Financial Analysis and Evaluation of Rangeland Management Projects in Siah Teloo of Behshahr

Rangelands of Iran are one of the valuable natural resources to attain important goals such as livestock’s nourishment and feeding, soil erosion control, flood control, recharging of water subterraneous surfaces and also wild animals protection. Attention to these goals and implement these projects, based on their financial evaluation, will help to attain aforesaid aims, influentially. Therefore, in this research, one of the rangeland management projects of Mazandaran province was analyzed with this purpose that explains its financial evaluation. Results show that this project has financial evaluation by using of present value, benefit to cost ratio and internal return rate methods and internal return ratio is 23.34 percent. Also, the results of different interest rates, incomes, costs and the project implementation years were analyzed by sensitivity analysis. The results of sensitivity analysis imply that the project will have financial return when interest rates are less than 23 percent and the internal return rate will be positive and equal to 12.31 percent when incomes change until 14 percent of previous income of the project implementation. Also, the project will have suitable return when costs increase 5 and 10 percent and internal return rate of the project will be 5.24 percent when costs increase 12 percent. In addition to, internal return rate will be 40 percent when project implementation years change until 15 years and after that it will be constant, nearly. Finally, political comments have been propounded to implement these projects, suitably.