Journal Article

Valuing forest land under hazards to crop survival

G. Bright and C. Price

in Forestry: An International Journal of Forest Research

Published on behalf of Institute of Chartered Foresters

Volume 73, issue 4, pages 361-370
Published in print January 2000 | ISSN: 0015-752X
Published online January 2000 | e-ISSN: 1464-3626 | DOI: http://dx.doi.org/10.1093/forestry/73.4.361
Valuing forest land under hazards to crop survival

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  • Conservation of the Environment (Environmental Science)
  • Environmental Sustainability
  • Plant Sciences and Forestry

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Forest crops face various hazards throughout their life, which are often not accounted for in formal valuation calculations. One technical problem is what value should be included for successor crops, when the time of replacement depends on the incidence of hazards, rather than on a planned rotation. Relatively simple algebraic manipulations make it possible to solve this problem, provided that a reasonable estimate of hazards through the crop's life can be made. The method can be adapted to any number of hazards, any profile of probability, and to circumstances where the crop replacement strategy depends on the fate of the initial crop.

Journal Article.  0 words. 

Subjects: Conservation of the Environment (Environmental Science) ; Environmental Sustainability ; Plant Sciences and Forestry

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