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Harvest Scheduling as a Timber Appraisal Tool

Author

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  • Singleton, Christopher N.
  • Straka, Thomas J.

Abstract

Appraisers often value a forest that contains many different timber stands that can vary due to factors such as age, stocking, species, and site index. Many assumptions are possible on how the various stands will be harvested and what subsequent cash flows might be generated. We describe harvest scheduling methodology that is widely used to obtain the net present value of such a forest under optimal conditions. We illustrate how a popular software package can be used by appraisers to obtain optimal discounted cash flows using harvest scheduling and resulting timber stand values. Christopher

Suggested Citation

  • Singleton, Christopher N. & Straka, Thomas J., 2010. "Harvest Scheduling as a Timber Appraisal Tool," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-14.
    • Handle: RePEc:ags:jasfmr:96374
    DOI: 10.22004/ag.econ.96374
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    File URL: https://ageconsearch.umn.edu/record/96374/files/322_Singleton.pdf
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    Keywords

    Production Economics;

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