Author： Fox Bruce
Publisher： Society of American Foresters
ISSN： 0148-4419
Source： Southern Journal of Applied Forestry, Vol.12, Iss.4, 1988-11, pp. : 264-266
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Abstract
The traditional present-net-value approach for calculating returns on forestry investments requires the analyst to make assumptions regarding expected yields. Often, however, appropriate yield tables or functions are not available. This is especially true when new management techniques are scheduled for implementation. Break-even yield analysis allows a decision-maker to view the results of a financial analysis in terms of the minimum physical volume yield required to earn a specific rate of return on investment capital. The approach is appropriate for analyzing regeneration activities as well as intermediate stand treatments. Examples for loblolly pine (Pinus taeda) regeneration and precommercial thinning activities illustrate the use of this technique. South. J. Appl. For. 12(4):264-266.
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