IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Annual use, economic life and residual value of cut-to-length harvesting machines

Listed author(s):
  • Spinelli, Raffaele
  • Magagnotti, Natascia
  • Picchi, Gianni
Registered author(s):

    Recognizing the absence of up-to-date empirical data on the economic life, the annual use and the residual value of dedicated cut-to-length (CTL) harvesting machinery, the authors gathered a large database of second-hand machine sale offers containing over 1000 records, coming from Europe and North America. The statistical analysis of these data pointed at an economic life in the vicinity of 18,000h for both harvesters and forwarders, which confirms previous assumptions. The average annual use for the machines in the database is 1424 and 1581h year−1, respectively for the harvesters and the forwarders. Nordic users achieve a higher annual use than central European users, and the difference is statistically significant. Nevertheless, the average annual use recorded for both groups falls below the levels commonly adopted in current estimates, which may therefore represent ideal reference figures rather than actual averages. Residual value is strongly related to machine age, and the authors calculated some simple functions for estimating it. The study points at a better retention of the original value, compared to the figures reported in previous literature. At 5 years of age the harvesters and forwarders in the study keep respectively 38% and 44% of the new value. The information contained in the study is crucial to machine rate calculation, which has often been based on rule-of-thumb assumptions, in the absence of empirical data.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Elsevier in its journal Journal of Forest Economics.

    Volume (Year): 17 (2011)
    Issue (Month): 4 ()
    Pages: 378-387

    in new window

    Handle: RePEc:eee:foreco:v:17:y:2011:i:4:p:378-387
    DOI: 10.1016/j.jfe.2011.03.003
    Contact details of provider: Web page:

    Order Information: Postal:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:eee:foreco:v:17:y:2011:i:4:p:378-387. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.