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Implications of future risk of fusiform rust on optimal forest management of even-aged slash pine plantations

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  • Susaeta, Andres

Abstract

We simulate the impacts of future reductions of risk of fusiform rust, increases in forest productivity and seedling costs on the optimal forest management of an even-aged slash pine stand using a generalised economic model. Our numerical findings show that future land values are increased with future reductions of fusiform rust risk, ranging approximately between $2919 ha−1 and $4962 ha−1. Compared to the base-case ($1106 ha−1), the current land values are increased ($1468 ha−1 – $2601 ha−1) with future reductions of fusiform rust risk. Landowners are encouraged to replant earlier (reduced harvest ages) given higher economic revenues associated with future reductions of fusiform rust risk. Our approach could serve as a tool to rank efficient tree breeding programs given the level of resistance of slash pine to fusiform rust with different level of increases in forest growth.

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  • Susaeta, Andres, 2020. "Implications of future risk of fusiform rust on optimal forest management of even-aged slash pine plantations," Forest Policy and Economics, Elsevier, vol. 116(C).
    • Handle: RePEc:eee:forpol:v:116:y:2020:i:c:s1389934120300861
    DOI: 10.1016/j.forpol.2020.102183
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    References listed on IDEAS

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    1. Susaeta, Andres & Carter, Douglas R. & Chang, Sun Joseph & Adams, Damian C., 2016. "A generalized Reed model with application to wildfire risk in even-aged Southern United States pine plantations," Forest Policy and Economics, Elsevier, vol. 67(C), pages 60-69.
    2. Reed, William J., 1984. "The effects of the risk of fire on the optimal rotation of a forest," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 180-190, June.
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    Cited by:

    1. Chang, Sun Joseph, 2020. "Twenty one years after the publication of the generalized Faustmann formula," Forest Policy and Economics, Elsevier, vol. 118(C).

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