My comments are similar to hottuna's
1) when plantations are 5 years old the manager measures the diameters and is able to use its predictive model. That could explain why your 2010 and 2011 reductions in value are 57% and 34%;
2) the reduction in value due to assumed market price looks to be around 30% or maybe 33%. My 2008 project's reduction in value was 33%.
Growers Plantations Valuations, page-24
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