Theoretical considerations of evaluating economics of continuous cover forestry
Endre Schiberna, Béla Lett & István Juhász
Correspondence: Schiberna Endre
Postal address: H-9400 Sopron, Bajcsy-Zsilinszky u. 4.
This paper discusses the theoretical aspects of evaluating the economics of continuous cover forestry identifying continuous cover forestry as a result of selection silvicultural system. A special emphasis is being put on the comparison of cash flows occurring with different timing and scale in case of selection forest and rotation forest; their effects on the economic conditions of forestry is also investigated. The analysis is using a numeric silvicultural model of a beech stand of medium productivity and quality. Comparison is based on the annuity of cash flows of rotation forest and selection forest. At a discount rate of 0.75% annuities are on the same level, while at discount rate of 3.5% annuity of selection forest is four times larger than that of the annuity of rotation forest. However, selection system cannot be regarded as being unambiguously economically preferable, as its advantages resulted from the frequent and stable cash flows can be balanced by the same cash flows from rotation system with a suitable great area and an even distribution of age classes.
Keywords: selection system, selection cutting, rotation system, near to nature forestry, annuity, beech,selection cutting cycle
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Cite this article as:
Schiberna, E., Lett, B. & Juhász, I. (2012): Theoretical considerations of evaluating economics of continuous cover forestry. Bulletin of Forestry Science, 2(1): 7-19. (in Hungarian)
Volume 2, Issue 1
3 September 2012
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