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Economics of Intensively Managed Forest Plantations in the Pacific Northwest

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Abstract:

Lower risks and higher returns favor investment in intensively managed forest plantations in the Pacific Northwest (PNW) for industrial landowners. Intensive forest plantation management is necessary if PNW industrial landowners are to compete effectively in world markets. However, not all landowner classes have the same set of management objectives, investment streams, and performance measures. For a variety of reasons, intensive forest plantation management may not be appropriate for some nonindustrial and public lands.

Keywords: environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; global competition; investment risk; liquidity; natural resource management; natural resources; timberland value

Document Type: Regular Article

Affiliations: 1: Professor Department of Forest Engineering Oregon State University Corvallis OR 97331-5706, Email: glen.murphy@orst.edu 2: Plantation Focus Limited Rotorua New Zealand +64–7-348–5583, Email: winkbev@xtra.co.nz 3: Portfolio Manager The Campbell Group, LLC Portland OR 97258 4: Private Woodland Owner Shelton WA 98584, Email: cchambers@gte.net 5: Timberlands Manager Hampton Resources, Inc. Salem OR 97303, Email: denniscreel@hamptonaffliates.com 6: Managing Director and CIO Hancock Timber Resources Group Boston MA 02110, Email: cbinkley@hnrg.com 7: Vice President Timberland Resources Boise Corporation Boise ID 83727-0001, Email: davenew@bc.com

Publication date: March 1, 2005

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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