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    Author(s): Richard Scarpa; Joseph Buongiorno; Karen Lee
    Date: 1998
    Source: Proceedings of the 1998 Southern Forest Economics Workshop Part II March 25-27, 1998, Williamsbury, VA
    Publication Series: Miscellaneous Publication
    PDF: View PDF  (95 KB)

    Description

    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.

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    Citation

    Scarpa, Richard; Buongiorno, Joseph; Lee, Karen. 1998. Determinants of Non-Timber Values in Wisconsin Northern Hardwoods. Proceedings of the 1998 Southern Forest Economics Workshop Part II March 25-27, 1998, Williamsbury, VA

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