Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania

Campbell, H. F. and Jennings, S. M. (2004) Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania. No. 332 Discussion Paper, School of Economics, The University of Queensland.

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Author Campbell, H. F.
Jennings, S. M.
Title Taking Account of Non-Timber Values in Harvest Decisions in the Southern Forest of Tasmania
School, Department or Centre School of Economics
Institution The University of Queensland
Open Access Status Other
Report Number Discussion Paper
Series No. 332
Publication date 2004-05-01
Start page 1
End page 18
Total pages 18
Language eng
Subject 340201 Agricultural Economics
720499 Management and productivity issues not elsewhere classified
Abstract/Summary This paper examines the optimal use of a site containing standing timber, taking account of both timber and non-timber values. It discusses the range of non-timber values yielded by a typical site in the southern forest of Tasmania. Taking that site for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non-timber values, and optimal cutting age, using a spreadsheet model. It finds that for a stand with moderate potential environmental benefits there is a period of its life during which it is optimal to log. This segment narrows, and eventually disappears, as potential environmental benefits increase.
Keyword forest
environmental benefits
optimal rotation
tree harvesting
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Collection: Discussion Papers (School of Economics)
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Created: Fri, 04 Jun 2004, 10:00:00 EST