Economic Aspects of the Forest Regeneration Delay Decision
Abstract:Regeneration lag, the cost resulting from a delay in reestablishment of a forest stand, represents an important opportunity cost--the cost of the foregone opportunity to grow timber over the period of the delay. The land expectation value (Le) criterion is used to evaluate the costs associated with one-time-only and perpetual lags. Significant decreases in wealth, or bare land value, were found using a simplified example with real-world cost and price data. Changes in required land bases resulting from regeneration delays were also reviewed. The additional land requirements resulting from scheduled delays in regeneration can be costly.
Document Type: Journal Article
Affiliations: Associate professor of forestry, School of Forestry, Wildlife, and Fisheries, Louisiana State University Agricultural Center, Baton Rouge 70803
Publication date: 1985-05-01
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- 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 Southern Journal of Applied Forestry covers an area from Virginia and Kentucky south to as far west as Oklahoma and east Texas.
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