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Impact of Public vs. Private Ownership of Timber Land on a Rural Economy

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Abstract:

The impact which a forest property has on a local economy depends to a large extent on expenditures for management, taxes or payments in lieu of taxes. A local private owner spends most income locally, creating further economic activity. The federal owner returns only a portion of land income to the local economy by making revenue-sharing contributions to the local government. Other owners might return even less of their income to the local economy. From the standpoint of the health of fire local economy all other forms of ownership are inferior to local private ownership. Land of low value yield has its greatest impact in public hands because government brings money into the economy for management in amounts often out of proportion to productivity. Land of high value yield has its greatest impact when in local private hands because the owner spends land income locally. Public land policy implications are also discussed.

Document Type: Journal Article

Affiliations: Forest economist, National Forest Products Association, Washington D. C.

Publication date: November 1, 1966

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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