From Backwoods to Boardrooms
From Backwoods to Boardrooms

Author: Daowei Zhang

Publisher:

Published: 2021-09-15

Total Pages: 280

ISBN-13: 9780870711428

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In the past 100-plus years, forestland ownerships have gone through two structural changes in the US and other parts of the world: the accumulation of industrial timberlands between 1900s and 1980s and the transformation of industrial timberlands to institutional ownerships afterwards. This book is about the history and economics of these two structural changes with the emphasis on the latter. The scale of both changes is unprecedented and truly revolutionary, impacting tens of millions of acres of private landholdings and billions of dollars of investment and affecting industrial structure, forest management and policy, research and development, community welfare, and forest sustainability. Looking though a historical count of key events, players, prevailing management philosophies, public policy, and institutional factors, the author of this book searches for an economic explanation and assesses the impact of these two changes. Its main contributions are three folds. First, it explains why industrial firms were able to profit from owning large areas of forest lands in the first place and how institutional investors could purchase these lands later. Many details of the history that could have otherwise been lost are revealed in this book for the first time. Second, it compares private and public equity timberland investments with respect to risk-adjusted returns as well as such other dimensions of interest to investors and forest managers including alignment of interests, capacity to exploit market inefficiencies, and their forest management and conservation records. Finally, it provides thoughtful commentary into the future of institutional timberland investments and global forest sustainability. This book is required reading for anyone interested in understanding the workings of the modern forest sector in the U.S. and elsewhere, forest investment, and forest sustainability.

Forest Economics
Forest Economics

Author: Daowei Zhang

Publisher: UBC Press

Published: 2011-09-15

Total Pages: 414

ISBN-13: 0774821558

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Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm grounding in economics is integral to sound forestry policies and practices. This book, a major revision and expansion of Peter H. Pearse’s 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Forest Economics draws on the strengths of two of the field’s leading practitioners who have more than fifty years of combined experience in teaching forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.

Forestry Economics
Forestry Economics

Author: John E. Wagner

Publisher: Routledge

Published: 2011-07-26

Total Pages: 409

ISBN-13: 1136665773

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Forestry Economics introduces students and practitioners to all aspects of the management and economics of forestry. The book adopts the approach of managerial economics textbooks and applies this to the unique processes and problems faced by managers of forests. While most forestry economics books are written by economists for future economists, what many future forest and natural resource managers need is to understand what economic information is and how to use it to make better business and management decisions. John E. Wagner draws on his twenty years of experience teaching and working in the field of forest resource economics to present students with an accessible understanding of the unique production processes and problems faced by forest and other natural resource managers. There are three unique features of this book: The first is its organization. The material is organized around two common economic models used in forest and natural resources management decision making. The second is the use of case studies from various disciplines: Outdoor and Commercial Recreation, Wood Products Engineering, Forest Products, and Forestry. The purpose of these case studies is to provide students with applications of the concepts being discussed within the text. The third is revisiting the question of how to use economic information to make better business decisions at the end of each chapter. This ties each chapter to the preceding ones and reinforces the hypothesis that a solid working knowledge of these economic models and the information they contain are necessary for making better business decisions. This textbook is an invaluable source of clear and accessible information on forestry economics and management for not only economics students, but for students of other disciplines and those already working in forestry and natural resources.

Forests in Landscapes
Forests in Landscapes

Author: Stewart Maginnis

Publisher: Earthscan

Published: 2013

Total Pages: 266

ISBN-13: 1849771383

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'At last a really useful book telling us how all the rhetoric about ecosystem approaches and sustainable forest management is being translated into practical solutions on the ground? CLAUDE MARTIN, WWF INTERNATIONAL For too long, foresters have seen forests as logs waiting to be turned into something useful. This book demonstrates that forests in fact have multiple values, and managing them as ecosystems will bring more benefits to a greater cross-section of the public? JEFFREY A. MCNEELY, CHIEF SCIENTIST, IUCN This book demonstrates that ecosystem approaches and sustainable forest management] are neither alternative methods of forest management nor are they simply complicated ways of saying the same thing. They are both emerging concepts for more integrated and holistic ways of managing forests within larger landscapes in ways that optimize benefits to all stakeholders? ACHIM STEINER AND IAN JOHNSON, FROM THE FOREWORD Recent innovations in Sustainable Forest Management and Ecosystem Approaches are resulting in forests increasingly being managed as part of the broader social-ecological systems in which they exist. Forests in Landscapes reviews changes that have occurred in forest management in recent decades. Case studies from Europe, Canada, the United States, Russia, Australia, the Congo and Central America provide a wealth of international examples of innovative practices. Cross-cutting chapters examine the political ecology and economics of forest management, and review the information needs and the use and misuse of criteria and indicators to achieve broad societal goals for forests. A concluding chapter draws out the key lessons of changes in forest management in recent decades and sets out some thoughts for the future. This book is a must-read for practitioners, researchers and policy makers concerned with forests and land use. It contains lessons for all those concerned with forests as sources of people's livelihoods and as part of rural landscapes. Published with IUCN and PROFOR

Forests in a Market Economy
Forests in a Market Economy

Author: Erin O. Sills

Publisher: Springer Science & Business Media

Published: 2003-07-31

Total Pages: 398

ISBN-13: 9781402010286

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This book draws together contributions from forest economists in the Research Triangle of North Carolina, with co-authors from institutions around the world. It represents our common belief that rigorous empirical analysis in an economic framework can inform forest policy. We intend the book as a guide to the empirical methods that we have found most useful for addressing both traditional and modem areas of concern in forest policy, including timber production and markets, multiple use forestry, and valuation of non-market benefits. 'The book editors and most chapter authors are affiliated with three institutions in the Research Triangle: the Southern Research Station of the USDA Forest Service (K. Abt, Butry, Holmes, Mercer, Moulton, Prestemon, Wear), the Department of Forestry at North Carolina State University (R. Abt, Ahn, Cubbage, Sills), and the Environmental and Natural Resource Economics Program of Research Triangle Institute (Murray, Pattanayak). Two other Triangle institutions are also represented among the book authors: Duke University (Kramer) and the Forestland Group (Zinkhan). In addition to our primary affiliations, many of us are adjunct faculty and/or graduates of Triangle universities. Many of our co-authors also graduated from or were previously affiliated with Triangle institutions. Thus, the selection of topics, methods, and case studies reflects the work of this particular network of economists, and to some degree, our location in the southeastern United States. However, our work and the chapters encompass other regions of the United States and the world, including Latin America and Asia.