scholarly journals The Optimal Forest Management of an Even-Aged Stand: The Biological Rotation versus the Land Expectation Value

EDIS ◽  
2019 ◽  
Vol 2019 (6) ◽  
pp. 4
Author(s):  
Andres Susaeta ◽  
Chris Demers
Keyword(s):  
Forest Management ◽  
Investment Decisions ◽  
Forest Resources ◽  
Forest Stands ◽  
Forest Landowners ◽  
Expectation Value ◽  
Fact Sheet ◽  
Land Expectation Value ◽  
Optimal Rotation ◽  
Rotation Age

This 4-page fact sheet written by Andres Susaeta and Chris Demers and published by the UF/IFAS School of Forest Resources and Conservation provides a guide for forest landowners, managers, and stakeholders in conducting a valuation of timber investments. It reviews and provides examples of two different approaches for determining the optimal rotation age of even-aged forest stands. These methods can help forest landowners and managers in making forestry investment decisions. https://edis.ifas.ufl.edu/fr424

scholarly journals What is the Value of an Existing Forest Stand?

EDIS ◽  
2019 ◽  
Vol 2019 (6) ◽  
pp. 3
Author(s):  
Andres Susaeta ◽  
Chris Demers
Keyword(s):  
Forest Resources ◽  
Forest Stand ◽  
Present Value ◽  
Expectation Value ◽  
Fact Sheet ◽  
Land Expectation Value ◽  
Main Indicator ◽  
Bare Land ◽  
Value Of Cash

Traditionally, the land expectation value (LEV) formula, the present value of perpetual cash inflows of timber revenues minus the present value of cash outflows of costs, has been employed as the main indicator of the value of a forest investment. However, when a forest stand is already established, the LEV approach is incomplete because it applies only to bare land. Thus, it is necessary to determine the value of a property with an existing forest stand. This 3-page fact sheet written by Andres Susaeta and Chris Demers and published by the UF/IFAS School of Forest Resources and Conservation provides the formula to determine the value of an already established forest stand at any stage of its development. This approach, known as the forest value formula, includes the value of the timber and the land. It can be used to compare the value of the stand when it is immediately harvested or when it is economically immature. http://edis.ifas.ufl.edu/fr423

scholarly journals Evaluating the effects of risk on the economics of juvenile spacing and commercial thinning

1991 ◽  
Vol 21 (9) ◽  
pp. 1390-1400 ◽  
Author(s):  
William J. Reed ◽  
Joseph Apaloo
Keyword(s):  
Net Present Value ◽  
Fire Hazard ◽  
Fire Risk ◽  
Economic Benefits ◽  
Present Value ◽  
Expectation Value ◽  
Commercial Thinning ◽  
Land Expectation Value ◽  
Optimal Rotation ◽  
Rotation Age

The temporarily increased fire hazard that is believed to result from the process of thinning is included in a single-stand model for assessing the economic benefits of juvenile spacing. Formulas for the expected net present value and the land expectation value are given along with methods for determining the age of financial maturity and the optimal rotation age. A numerical example is given to illustrate the degree of loss due to the increased fire risk. The problem of commercial thinning when the risk of fire is present is addressed using continuous-time models. It is shown how, when the fire hazard is exogenous to the thinning activity, the problem reduces to one of deterministic optimal control with the discount rate adjusted upward by an amount equal to the fire hazard rate. In the case when the fire hazard increases whenever thinning is taking place, it is shown that in general the optimal thinning policy is qualitatively different from that which is optimal in the no-risk case and involves periods of thinning at the maximum rate interspersed with periods of no thinning activity.

Assessing the long-run yield of a forest stand subject to the risk of fire

1985 ◽  
Vol 15 (4) ◽  
pp. 680-687 ◽  
Author(s):  
W. J. Reed ◽  
D. Errico
Keyword(s):  
British Columbia ◽  
Forest Fire ◽  
Forest Stand ◽  
Expectation Value ◽  
Long Run ◽  
Land Expectation Value ◽  
Optimal Rotation ◽  
Graphical Technique ◽  
Rotation Age ◽  
Theoretical Results

The problem of determining the effects of forest fire on stand yields is often neglected in forest yield analyses. Using previous theoretical results, "fire-adjusted, volume–rotation curves" can be developed which provide a graphical technique for determining optimal rotation age and long-run yield when the risk of fire is present. For white spruce of the northern interior of British Columbia it is shown that even modest rates of fire can result in very large reductions in long-run yield. Similar results are established for the effects of fire on land expectation value, which is dissipated very quickly under the risk of fire.

scholarly journals Financial analysis of Chir pine plantations for carbon offsets, timber and resin in Nepal

2013 ◽  
Vol 22 (2) ◽  
pp. 3-10 ◽  
Author(s):  
B KC ◽  
G. A. Stainback
Keyword(s):  
Financial Analysis ◽  
Pine Plantations ◽  
Pinus Roxburghii ◽  
Expectation Value ◽  
Land Expectation Value ◽  
Optimal Rotation ◽  
Carbon Offset ◽  
Rotation Age ◽  
Chir Pine ◽  
Substantial Change

A financial analysis was done for Chir pine (Pinus roxburghii) plantations that produce carbon offset payments, timber and resin in a community forest context in Nepal. Results indicate that the inclusion of carbon offset payments increases rotation age and land expectation value. The optimal rotation age is approximately 35 years without including carbon offset payments, while the rotation age can increase beyond 75 years with the inclusion of carbon offset payments. The substantial change in optimal rotation age also suggests that carbon offset payments will likely change the product mix produced from Chir pine plantations. Likewise, land expectation value increases significantly with carbon offset payments indicating that local communities could benefit from such payments. The results also indicate that different assumptions about the quantity of long term carbon storage (i.e. pickling rate) have a significant impact on rotation age and land expectation value.DOI: http://dx.doi.org/10.3126/banko.v22i2.9193Banko Janakari: A Journal of Forestry Information for NepalVol. 22, No. 2, 2012 NovemberPage: 3-10Uploaded date: 12/1/2013 

scholarly journals Forest Management in the Interface: Forest Health

EDIS ◽  
2008 ◽  
Vol 2008 (6) ◽  
Author(s):  
Robert A. Schmidt
Keyword(s):  
Forest Management ◽  
Forest Health ◽  
Forest Resources ◽  
Wildland Urban Interface ◽  
Health Concerns ◽  
Fact Sheet

Revised! FOR-178, a 5-page illustrated fact sheet by Robert A. Schmidt, describes forest health concerns in the wildland-urban interface, which include slightly different issues and quite different management solutions than the same concerns in rural forests. Published by the UF School of Forest Resources and Conservation, July 2008.

scholarly journals Forest Management in the Interface: Amenity Resources

EDIS ◽  
2008 ◽  
Vol 2008 (6) ◽  
Author(s):  
Bruce Hull ◽  
Sarah F. Ashton ◽  
Rien M. Visser ◽  
Martha C. Monroe
Keyword(s):  
Forest Management ◽  
Rural Areas ◽  
Forest Resources ◽  
Fact Sheet ◽  
Urban And Rural Areas

FOR-175, a 6-page illustrated fact sheet by Bruce Hull, Sarah F. Ashton, Rien M. Visser, and Martha C. Monroe, discusses aesthetic and recreational considerations for forest management in the interface between urban and rural areas. Published by the UF School of Forest Resources and Conservation, February 2008. FOR 175/FR233: Forest Management in the Interface: Amenity Resources (ufl.edu)

A method to evaluate the option of storing carbon in your forest

2010 ◽  
Vol 40 (11) ◽  
pp. 2243-2247 ◽  
Author(s):  
Paul C. Van Deusen
Keyword(s):  
Forest Management ◽  
Financial Incentives ◽  
Forest Products ◽  
Decision Tool ◽  
Management Options ◽  
Simple Method ◽  
Expectation Value ◽  
Land Expectation Value ◽  
Financial Decision ◽  
Business As Usual

Managing the forest to store carbon is a relatively new concept. Various regional greenhouse gas initiatives and new Federal legislation are providing financial incentives for forest owners to manage for carbon in addition to other forest products. These incentives are intended for landowners who engage in activities that go beyond business as usual practices. Managing for carbon will likely involve foregoing other investment alternatives and increasing rotation lengths. The analysis approach demonstrated here provides a relatively simple method for an owner to compare traditional forest management and regular harvests with letting the trees grow to accumulate more carbon in the forest. Several financial decision statistics are considered and demonstrated with examples. A derivative of land expectation value, called rotation equivalent value, is shown to be a useful decision tool for comparing carbon storage with other management options having different rotation lengths.

scholarly journals Forest Management in the Interface: Wildlife

EDIS ◽  
2009 ◽  
Vol 2009 (1) ◽  
Author(s):  
Jim Parkhurst ◽  
Martha C. Monroe
Keyword(s):  
Forest Management ◽  
Wildlife Management ◽  
Forest Resources ◽  
Background Information ◽  
Fact Sheet ◽  
Management Issues

Revised! FOR-182, a 7-page illustrated fact sheet by Jim Parkhurst and Martha Monroe, highlights key wildlife management issues in interface forests and provides background information on potential conflicts. Includes references. Published by the UF School of Forest Resources and Conservation, October 2008.

scholarly journals Minority Forest Landowners in Southeastern Alabama

1999 ◽  
Vol 23 (3) ◽  
pp. 175-178 ◽  
Author(s):  
Jianbang Gan ◽  
Stephen H. Kolison
Keyword(s):  
Forest Management ◽  
Forest Resources ◽  
Timber Production ◽  
Forest Landowners ◽  
Landowner Survey ◽  
Management Objectives

Abstract This study investigated the characteristics of minority forest landowners and their forest resources in Macon and Bullock counties in Alabama through a landowner survey. The size of forestland held by these landowners was relatively small, with a mean of 113 ac. Most of their forests were mixed pine and hardwood stands. The top ranked management objectives of these landowners were for timber production and wildlife (hunting). About two-thirds of these landowners have thinned or harvested their forests. However, the forestland has not significantly contributed to the landowners' income. The lack of capital, labor, and knowledge of forest management and marketing impeded the landowners from generating more benefits from their forestland. South. J. Appl. For. 23(3):175-178.

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