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Optimal Forest Management of Even-Aged Longleaf Pine Stands with Nontimber Benefits

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  • Susaeta, Andres

Abstract

We present an optimal control model to simultaneously determine the optimal planting density, thinning schedules, harvest age, and revenues of an even-aged longleaf pine (Pinus palustris Mill) stand, an iconic species in the Southeastern United States. We assume that the forest stand is managed for timber production and carbon sequestration under different site indexes—a measurement of potential forest productivity. Our simulation results show that the optimal planting density tends to increase when longleaf pine is managed in medium and high site indexes. Furthermore, the optimal harvest age tends to be extended with payments for carbon sequestration.

Suggested Citation

  • Susaeta, Andres, 2023. "Optimal Forest Management of Even-Aged Longleaf Pine Stands with Nontimber Benefits," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 55(1), pages 1-12, February.
    • Handle: RePEc:cup:jagaec:v:55:y:2023:i:1:p:1-12_1
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