The traditional present-net-value approach for calculating returns on forestry investments requires the analyst to make assumptions regarding expected yields. Often, however, appropriate yield tables or functions are not available. This is especially true when new management techniques are scheduled for implementation. Break-even yield analysis allows a decision-maker to view the results of a financial analysis in terms of the minimum physical volume yield required to earn a specific rate of return on investment capital. The approach is appropriate for analyzing regeneration activities as well as intermediate stand treatments. Examples for loblolly pine (Pinus taeda) regeneration and precommercial thinning activities illustrate the use of this technique. South. J. Appl. For. 12(4):264-266.
Document Type: Journal Article
School of Forestry, Box 4098, Northern Arizona University, Flagstaff 86011
Publication date: November 1, 1988
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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.