Economics and National Forest Timber Harvests
Abstract:Proposals that the Forest Service use economic models in lieu of an "even-flow" policy in scheduling national forest timber harvests assume a goal of maximizing the present net worth of monetary incomes. Economic calculations, however, must also consider costs and benefits of indirect or "external" effects, and must identify an appropriate social rate of discount. All illustration of alternative harvest schedules, based on current indications of timber demand and supply elasticity and trends, suggests that acceleration of harvests would increase the present net worth of national forest timber but reduce the present net worth for "other" owners. Political acceptability is also a highly relevant consideration.
Document Type: Journal Article
Affiliations: Consultant in Forest Economics
Publication date: September 1, 1976
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- 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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