Financial Returns from Managing Southern Hardwood Stands for Pulpwood
Abstract:Growth functions were developed for eight hardwood forest site types. Net value of these stands was determined by subtracting harvesting costs from mill-delivered value. A "marginalistic" adaption of the Faustmann formula was used to determine financial maturity at three different interest rates. Financial rotation ages ranged from 19 to 26 years at 6 percent interest, and annual return to the site ranged from $0.63 to $2.02 per acre. These returns yielded after tax rates of return from 1.57 to 3.96 percent on investment in both timber and land.
Document Type: Journal Article
Affiliations: Doctoral Candidate in Forest Economics, Yale University, New Haven, Conn. Research based on Master thesis Submitted to the Sch. of Forest Resources, North Carolina State University, Raleigh
Publication date: October 1, 1972
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