
- 214 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
Forestland investment has surged in the past few decades as a result of land ownership change in the forestry industry. Timberland investment and management organizations and real estate investment trusts have bought up land and resources that were divested by vertically integrated forest products companies. This book provides a seminal coverage of this seismic shift in the industry, exploring the philosophy, driving factors, valuation, theory, research, implementation, practice, and effects of forestland investment. Across 15 chapters the book reviews the history of forestland investment; discusses the optimal forest rotation; explains timberland appraisal; examines the return drivers of forestland; analyzes timberland index construction methods and results; prices timberland assets; reviews financial and real options; investigates real option values in forestland management; evaluates timber harvest contracts; examines new opportunities in the emerging woody bioenergy market; and eventually offers prospects on forestland investment in the future. It also discusses how forest carbon can be used as a nature-based climate solution. This book is essential reading for forestry business students and scholars, as well as practitioners and policymakers in the industry.
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Information
Table of contents
- Cover
- Half-Title
- Title
- Copyright
- Contents
- List of figures
- List of tables
- List of boxes
- Preface
- Acknowledgment
- 1 Introduction to Forestland Investment
- 2 Optimal Forest Rotation
- 3 Timberland Appraisal
- 4 Return Drivers of Timberland Investment
- 5 Property and Income Tax of Timberland
- 6 Portfolio Theory and Asset Pricing Models
- 7 Timberland Index Construction Methods and Result
- 8 Financial Analysis of Timberland
- 9 Financial and Real Options
- 10 Managerial Options in Timberland Investment
- 11 Valuing Timber Harvest Contracts
- 12 Benefit and Cost Analysis of Forest Carbon
- 13 Emerging Woody Biomass Market
- 14 Case Study: Weyerhaeuser and Plum Creek Merger
- 15 Concluding Remarks
- Index