Determinants of non-timber values in Wisconsin northern hardwoods

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Determinants of non-timber values in Wisconsin northern hardwoods

Scarpa, R., J. Buongiorno, and K. J. Lee

A working definition of non-timber value is the difference between the revenues attainable by implementing an infinite horizon timber revenue maximizing cutting rule, and the value of the observed harvest. This non-timber value was estimated for the stands of the Forest Inventory Analysis data in the maple-beech-birch type in Wisconsin. Non-timber values averaged 23 $/ha/yr, and were higher than timber revenues, even on industry lands. Hedonic regression was then used to estimate the marginal effects on non-timber value of stand attributes and socio-economic variables. The results gave a vector of non-timber values for trees of different size and species. The marginal contributions of trees to non-timber values were significantly higher in National Forests.

Fiscal Year: fy99 · Problem Area: pa98-4 · Theme: cctinmon · Source: resunit <== Explain

Scarpa, R., J. Buongiorno, and K. J. Lee. 2000. Pages 228-232 In: Abt, K. L. and R. C. Abt. Southern Research Station,Research Triangle Park, NC. Proceedings of the 1998 Southern Forest Economics Workshop: Part II. 3/25/1998.

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