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Este estudo teve como objetivo estimar o ciclo de corte e o estoque de colheita ótimo, no qual a taxa anual do crescimento da floresta se iguala à taxa anual de juros oferecida pelo mercado de capital. A pesquisa foi conduzida na Unidade de Manejo Florestal (UMF) da Fazenda Tracajás (02º35'53"S e 47º47'10"W), empresa Nova Era Agroflorestal, município de Paragominas, Estado do Pará, Brasil. A unidade de manejo florestal foi estratificada em classes I, II e III de estoques volumétricos, empregando-se análises de agrupamento e discriminante. Em cada classe de estoque foram instaladas aleatoriamente cinco parcelas de 100 x 100 m (1,0 ha), para medição dos indivíduos com dap > 15 cm. No centro de cada parcela foi instalada uma subparcela de 10 x 100 m (0,1 ha), para medição dos indivíduos com 5 cm < dap < 15 cm. Na classe I de estoque, os ciclos econômicos ótimos foram de 13, 12 e 8 anos; na classe II, de 18, 12 e 12 anos; e na classe III, de 22, 12 e 14 anos, a um incremento médio anual de 3,0 m³/ha/ano. Verificaram-se maiores taxas de remuneração do capital investido no manejo nos menores ciclos de corte, independentemente dos níveis de colheita do estoque comercial. Maiores incrementos anuais em volume resultaram em maiores taxas de valoração da floresta. Maiores volumes colhidos implicaram ciclos de corte mais longos numa mesma taxa de crescimento da floresta. Contudo, dentro de certos limites, maiores volumes colhidos podem resultar biologicamente em maiores taxas de crescimento do estoque remanescente. Isso ocorre, sobretudo, quando se aplicam tratamentos silviculturais. The objective of the present study was to estimate the optimum cutting cycle and harvest stock, where forest annual growing rate equals the annual interest rate offered by the financial market. The research was carried out at the Forest Management Unit (FMU) in Tracajás Farm (02º35'53" S and 47º47'10"W), owned by Nova Era Agroflorestal, in Paragominas, Pará, Brazil. The forest was stratified in three homogeneous areas denominated classes of volumetric stock I, II and III, through multivariate analysis (cluster and discriminant analysis). In each of the stock classes, five 100 x 100 m plots (1 ha) were randomly set up to measure individuals with dbh > 15cm. In the center of each 100 x 100 m plot, a 10 x 100 m subplot (0,1 ha) was installed to measure individuals with 5cm < dbh < 15 cm. In stock class I, the optimum economic cycles were 13, 12, and 8 years; in stock class II, 18, 12 and 12 years; in stock class III, 22, 12 and 14 years, considering an average annual increment of 3,0 m³/ha/year. Higher remuneration rates for the invested capital were verified for the shorter cutting cycles, regardless of the commercial harvest. Higher annual volume increments resulted in a higher valorization of the forest. Higher harvested volumes implicated in longer cutting cycles for a same forest growing rate. However, within certain limits, higher harvested volumes can biologically result in higher growing rates of the remaining stock. This occurs mostly when silvicultural treatments are applied

Ciclo de corte econômico ótimo em floresta ombrófila densa de terra firme sob manelo florestal sustentável, Amazônia Oriental