Price Risk Analysis for Private Nonindustrial Forest Management
Abstract:Portfolio analysis techniques can be used to quantify risk and return impacts of including forestry investments in a diversified portfolio. We suggest that similar techniques can also be used to evaluate price risk of investments in managing individual forests and stands. By observing annual price variability for various timber species and products, a forest manager can shift the timber growing-stock species mix toward a desired combination of risk and return. Using Indiana price data, we develop sample species mixes displaying different levels of risk. North. J. Appl. For. 9(2):55-57.
Document Type: Journal Article
Affiliations: University of Michigan, School of Natural Resources, Ann Arbor, MI 48109-1115
Publication date: June 1, 1992
More about this publication?
- Each regional journal of applied forestry focuses on research, practice, and techniques targeted to foresters and allied professionals in specific regions of the United States and Canada. The Northern Journal of Applied Forestry covers northeastern, midwestern, and boreal forests in the United States and Canada.
- Membership Information
- Ingenta Connect is not responsible for the content or availability of external websites