Harvest Scheduling as a Timber Appraisal Tool

Christopher N. Singleton and Thomas J. Straka

Journal of the ASFMRA, 2010

Abstract: Appraisers often value a forest that contains many different timber stands that can vary due to factors such as age, stocking, species, and site index. Many assumptions are possible on how the various stands will be harvested and what subsequent cash flows might be generated. We describe harvest scheduling methodology that is widely used to obtain the net present value of such a forest under optimal conditions. We illustrate how a popular software package can be used by appraisers to obtain optimal discounted cash flows using harvest scheduling and resulting timber stand values. Christopher

Keywords: Production Economics (search for similar items in EconPapers)
Date: 2010
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Persistent link: http://EconPapers.repec.org/RePEc:ags:jasfmr:96374

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