© 1990 by Institute of Chartered Foresters
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Economic Prospects for Natural Management of Woodlands in the UK
Oxford Forestry Institute South Parks Road, Oxford, OX1 3RB, England
The profitability of a wide range of management options, ranging from intensive coniferous to more natural systems, are examined. The investments are investigated by the use of three different measures of long-term financial viability, benefit-cost ratios, land expectation values and forest rent. Analysis by the first method highlights the efficiency of investment for more natural management systems, and the second method favours the traditional coniferous plantations. Forest rent tends to favour management options generating large revenues irrespective of their timing within a rotation.