Publication Details

Estimating the capital recovery costs of alternative patch retention treatments in eastern hardwoods

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LeDoux, Chris B.; Whitman, Andrew

Year Published

2006

Publication

International Journal of Forest Engineering. 17(1):21-30.

Abstract

We used a simulation model to estimate the economic opportunity costs and the density of large stems retained for patch retention in two temperate oak stands representative of the oak/hickory forest type in the eastern United States. Opportunity/retention costs ranged from $321.0 to $760.7/ha [$129.9 to $307.8/acre] depending on the species mix in the stand, the logging technology used, and rotation lengths. The resulting capital recovery costs ranged from $12.8 to $30.4/ha/year [$5.2 to $12.3/acre/year] depending on the degree of retention desired, the logging technology used, and the species composition of the tract. Opportunity/capital recovery costs are greatest in stands that have high-value species mix, are harvested with lowcost logging technologies, and/or managed on longer rotations. The approach described in this paper can be used to help forest landowners, managers, loggers, and other decision/policy makers understand the opportunity/ capital recovery costs and ecological benefits associated with patch retention.

Keywords

capital recovery costs, patch retention, eastern hardwoods, logging systems, simulation, opportunity cost, economics, present net worth

Citation

LeDoux, Chris B.; Whitman, Andrew. 2006. Estimating the capital recovery costs of alternative patch retention treatments in eastern hardwoods. International Journal of Forest Engineering. 17(1):21-30.

Last updated on: February 8, 2008