Implications of future risk of fusiform rust on optimal forest management of even-aged slash pine plantations

Andres Susaeta

Forest Policy and Economics, 2020, vol. 116, issue C

Abstract: We simulate the impacts of future reductions of risk of fusiform rust, increases in forest productivity and seedling costs on the optimal forest management of an even-aged slash pine stand using a generalised economic model. Our numerical findings show that future land values are increased with future reductions of fusiform rust risk, ranging approximately between $2919 ha−1 and $4962 ha−1. Compared to the base-case ($1106 ha−1), the current land values are increased ($1468 ha−1 – $2601 ha−1) with future reductions of fusiform rust risk. Landowners are encouraged to replant earlier (reduced harvest ages) given higher economic revenues associated with future reductions of fusiform rust risk. Our approach could serve as a tool to rank efficient tree breeding programs given the level of resistance of slash pine to fusiform rust with different level of increases in forest growth.

Keywords: Fusiform rust; Land expectation value; Risk; Optimal harvest age; Reed model (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:116:y:2020:i:c:s1389934120300861

DOI: 10.1016/j.forpol.2020.102183

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