The Effect of Carbon Revenues on the Rotation and Profitability of Loblolly Pine Plantations in East Texas

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Abstract:

This study determined the profitability and financially optimal thinning and final harvest rotation of loblolly pine (Pinus taeda) managed exclusively for timber production or for dual products of timber production and carbon sequestration. The results suggest that 1) depending on landowner’s alternative rate of return, the inclusion of carbon revenues in forest management may shorten or prolong the optimal timber-carbon rotation length, compared to the optimal rotation that maximizes timber value only; 2) the effect of carbon revenues on the optimal rotation length and the percentage gain in soil expectation value is larger on low-productivity sites than on high-productivity sites, and is larger for high interest rates than for low interest rates; and 3) low-productivity, unprofitable sites may become profitable when carbon revenue is included and optimized together with the timber revenue.

Keywords: Carbon sequestration; forest management; optimal management regime; soil expectation value

Document Type: Research Article

Affiliations: Arthur Temple College of Forestry, Stephen F. Austin State University, Nacogdoches, TX 75962-6109.

Publication date: February 1, 2006

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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