{"id":934,"date":"2017-10-31T07:42:35","date_gmt":"2017-10-31T06:42:35","guid":{"rendered":"http:\/\/forest-analytics.com\/?p=934"},"modified":"2017-10-31T07:46:37","modified_gmt":"2017-10-31T06:46:37","slug":"factors-deciding-timber-supply-forest-owners","status":"publish","type":"post","link":"https:\/\/forest-analytics.com\/index.php\/2017\/10\/31\/factors-deciding-timber-supply-forest-owners\/","title":{"rendered":"Main factors deciding timber supply among non-industrial private forest (NIPF) owners"},"content":{"rendered":"

Have you ever thought what factors determine timber supply among non-industrial private forest owners? In this post, I discuss some basic theories that drive decisions of NIPF owners, and I focus on some factors that are crucial when you are planning to start a new timber business in particular location. Enjoy!\u00a0<\/strong><\/p>\n

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Private forests matter<\/h1>\n

Private forest owners have a crucial role in achieving sustainable forest management, in sustaining the productivity of forests and in satisfying the increasing demand for wood resources from wood processing manufacturers and bioenergy producers.<\/p>\n

In Europe ca. 49.6% of forest and other wooded land is privately owned, and 50.1% publicly. On the other hand, in the U.S. about 37.9% of all forested land is represented by NIPFs, most in the East.<\/p>\n

One of the most important decisions in forestry is determining the optimal harvest time, which is a complex issue influenced by many parameters. Someone who just finished the course in forest economics could say that the timber supply among NIPF owners depends on Faustmann theorem, called also Bare Land Value or Soil Expectation Value or its extension towards ecosystem services, i.e. Hartman theorem. Unfortunatelly, the real world differs from theoretical models, which are rarely applied in practice due to partly unrealistic assumptions, such as:<\/p>\n