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Accounting for Nonmarket Benefits in Southern Forest Management

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Abstract:

Current federal regulations stipulate that national forests must be managed with due consideration of the value of timber and nontimber outputs. Implementation of nonmarket value information in the forest planning process is hampered by incomplete understanding of the conceptual basis and proper use of those values. This paper presents an overview of (1) the basic economic principles underlying nonmarket valuation theory, and (2) the available estimates of nonmarket values produced by southern forests. The main conclusion of the study is that existing nonmarket value estimates are reasonable for efficiency analysis at regional and national levels but need to be adjusted to specific conditions for planning at smaller spatial scales, such as the forest, ranger district, or watershed level. South. J. Appl. For. 17(2):84-89.

Document Type: Journal Article

Affiliations: Southeastern Forest Experiment Station, P.O. Box 12254, Research Triangle Park, NC 27709

Publication date: May 1, 1993

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 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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