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A Hedonic Approach to Value Pinus radiata Log Traits for Appearance-Grade Lumber Production

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This study used a hedonic approach to estimate the economic value of radiata pine log attributes (small-end diameter, form, and internode length) for appearance-grade lumber, including molding and better, shop, and industrial finger joint. Models were also built at the tree level to investigate the effect of selection as conducted by breeders. A Chilean sawing study provided information on wood traits and log out-turn for 156 logs divided into three classes: pruned butt log, second log, and third log. The conversion return of logs, instead of log prices, was used as the measure of log economic value. The economic values of log small-end diameter were 0.33, 0.19, and 0.10 US$/mm for the first, second, and third log, respectively. Concerning form, those values were US$2.6, US$1.4, and US$0.63 for a marginal improvement of this characteristic. The value of mean internode length was 0.19 US$/cm for second unpruned logs. Values for other internode length indices are also presented in this article. Branch variables were not statistically significant to explain the log recovery value. Finally, log recovery value was found to be elastic to the changes in small-end diameter and form, but inelastic to changes in the mean internode length.
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Keywords: Pinus radiata; appearance lumber; breeding objectives; hedonic values; wood attributes

Document Type: Research Article

Publication date: 2010-06-01

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  • Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
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