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Forestry 1962 33(2):22-27; doi:10.1093/forestry/33.2.22
© 1962 by Institute of Chartered Foresters
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The Economic Factors which Influence the Type of Timber Grown and the Methods of Growing it

W. E. S. MUTCH

Department of Forestry, University of Edinburgh

The most important decision to be taken is the decision which leads to the initial investment. In private forestry, death duties continue a powerful factor in economics. In the Forestry Commission it could be argued that, after abandonment of the need to form a strategic reserve, interest-earning capacity was the main reason for investment and that the Faustmann test should be applicable but this would imply that afforestation was competing freely with other new investments which is not so. The specifications of firm buyers are likely to determine the type of timber grown and the technical rotation to take precedence over all others. As buyers' specifications change, management must be flexible with, the writer considers, a bias in favour of high quality rather than low.


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