Cost-Effectiveness of the 1979 Forestry Incentives Program
Abstract:In 1979, the Forestry Incentives Program increased the productivity of nonindustrial private forests by encouraging landowners to manage more intensively than they otherwise would. The increase will amount to almost 1 3 billion cubic feet of timber over the first rotation. Investments by the federal government and landowners will return about 8.6 percent above inflation. Federal taxes these owners will pay on their additional timber income have a present value of over $2 for every dollar expended through the program.
Document Type: Journal Article
Affiliations: Professor of Forest Economics and Policy, College of Forestry, University of Minnesota, St. Paul.
Publication date: 1983-05-01
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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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