Financial Risk and Desired Species Composition in Mixed Species Stands
Abstract:The use of historical stumpage price fluctuations in reducing the risk of future financial returns from mixed species stands is explored. It is demonstrated that if past stumpage values are indicative of future price behavior, silvicultural treatments designed to favor species with stable and/or negatively correlated stumpage values can reduce the variance of future harvest revenues and hence decrease the financial risks of growing timber. South. J. Appl. For. 15(4):185-187.
Document Type: Journal Article
Affiliations: Department of Forest Resources, Utah State University, Logan, UT 84322-5215
Publication date: 1991-11-01
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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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