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Title: Economics of replacing young-growth ponderosa pine stands . . . a case study
Author: Teeguarden, Dennis E.;
Source: Res. Paper PSW-RP-47. Berkeley, CA: Pacific Southwest Forest & Range Experiment Station, Forest Service, U.S. Department of Agriculture; 16 p
Publication Series: Research Paper (RP)
Description: Compares the expected capital value growth of five ponderosa pine stands (70 to 80 years old) on the Challenge Experimental Forest, Yuba County, Calif., with the cost of delaying harvest (defined as sum of stock-holding and land-holding costs). Suggests that replacement of all five stands would be financially desirable under constant stumpage prices. Recommends replacing three stands and holding two—at least until the end of the planning period—assuming that prices will increase 25 per cent.
Keywords: rotation age, forest appraisal, forest business economics forest regeneration
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Teeguarden, Dennis E. 1968. Economics of replacing young-growth ponderosa pine stands . . . a case study. Res. Paper PSW-RP-47. Berkeley, CA: Pacific Southwest Forest & Range Experiment Station, Forest Service, U.S. Department of Agriculture; 16 p
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