Northern Research Station

Title: Rate of value change in New England timber stands

Author: Arner, Stanford L.; Gansner, David A.; Birch, Thomas W.

Date: 1990

Source: Res. Pap. NE-639. Radnor, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiment Station. 4 p.

Station ID: RP-NE-639

Description: Analyses of remeasured plot data show that between the last two forest inventories of New England, compound rates of value change in timber stands averaged 4.2 percent and ranged from -26 to + 43 percent. Three key characteristics of stand condition (species composition, tree size, and stocking) can be used to estimate economic growth. For example, stands with (1) more than 10 square feet of basal area per acre in softwood species; (2) tree of average basal area less than 7 inches in diameter; and (3) more than 50 percent of total basal area in white pine have a 14.7-percent average rate of value change.

Keywords: Compound interest; financial objectives; hardwood and softwood forests

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Citation

Arner, Stanford L.; Gansner, David A.; Birch, Thomas W.  1990.  Rate of value change in New England timber stands.   Res. Pap. NE-639. Radnor, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiment Station. 4 p..