Investment Priorities for Small-Owner Assistance Programs

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Abstract:

Direct public assistance to encourage timber production can be efficient only if investments are ranked according to an explicit priority scheme. A prerequisite to priority ranking is a concrete, operational program goal. A goal can sometimes be obtained through a "revealed preference" procedure of selecting an investment priority ranking from a number of alternatives and accepting the goal implied therein. To replace assumption with actuality, the investment priority ranking must be directly linked to a program evaluation scheme and readjusted according to actual performance.

Document Type: Journal Article

Affiliations: Forest Economist, Forest Economics and Marketing Research, Forest Service, USDA, Washington, DC.

Publication date: April 1, 1975

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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