scholarly journals WILLINGNESS TO PAY FOR POTENTIAL STANDING TIMBER INSURANCE

2015 ◽  
Vol 47 (4) ◽  
pp. 510-538 ◽  
Author(s):  
YILING DENG ◽  
IAN A. MUNN ◽  
KEITH COBLE ◽  
HAIBO YAO
Keyword(s):  
Willingness To Pay ◽  
Nonparametric Model ◽  
Private Forest ◽  
Forest Landowners ◽  
Kaplan Meier ◽  
Interval Censored ◽  
Contingent Valuation Survey ◽  
Timber Insurance ◽  
Standing Timber ◽  
Insurance Data

AbstractLandowners rarely insure standing timber, suggesting the limited products available do not appeal to potential clientele. We estimated landowner willingness to pay (WTP) for standing timber insurance. Data were generated through a contingent valuation survey. Questionnaires were mailed to a random sample of Mississippi private forest landowners with 100+ acres of forestland. WTP for standing timber insurance was derived using an interval-censored survival model and a Kaplan-Meier Turnbull nonparametric model. The estimated WTP premium rate was approximately $3.20 per $1,000 of standing timber value, well below existing premium rates. This partially explains the underinsurance of standing timber among landowners.

Scale of harvesting by non-industrial private forest landowners

2006 ◽  
Vol 11 (4) ◽  
pp. 223-244 ◽  
Author(s):  
Melinda Vokoun ◽  
Gregory S. Amacher ◽  
David N. Wear
Keyword(s):  
Private Forest ◽  
Forest Landowners ◽  
Private Forest Landowners

scholarly journals Forest Landowners' Willingness to Sell Carbon Credits: A Pilot Study

2009 ◽  
Vol 26 (1) ◽  
pp. 35-37 ◽  
Author(s):  
Lena S. Fletcher ◽  
David Kittredge ◽  
Thomas Stevens
Keyword(s):  
Pilot Study ◽  
The United States ◽  
Carbon Markets ◽  
Private Forest ◽  
Private Forest Owners ◽  
Forest Owners ◽  
Forest Landowners ◽  
New Forest ◽  
Carbon Prices ◽  
Larger Sample

Abstract Sequestered carbon is a new forest product that could help private forest owners earn financial returns while keeping their forests intact. Private forest owners are responsible for 78% of forests in Massachusetts, and the carbon these trees sequester could be traded in emerging cap-and-trade carbon markets in the United States. In forming policy about climate change and forestry, it is important to understand the factors that influence the likelihood of landowners choosing to sell sequestered carbon and participate in the carbon marketplace. In this pilot study, we explored the likelihood of Massachusetts forest owners selling carbon sequestered on their forestland. We found that landowners significantly favor higher payments, no withdrawal penalty, and, unexpectedly, longer time commitments. We also found that at current carbon prices, very few participants (less than 7%) would be willing to sell. Additional studies need to be conducted, with a larger sample of respondents, which may elucidate how socioeconomic variables and ownership attitudes influence forest owners' willingness to enroll in carbon markets.

scholarly journals Forest Resource Management Plans: Importance of Plan Components to Nonindustrial Private Forest Landowners in South Carolina

1997 ◽  
Vol 21 (4) ◽  
pp. 164-167 ◽  
Author(s):  
Terrell G. Thrift ◽  
Thomas J. Straka ◽  
Allan P. Marsinko ◽  
Jeffrey L. Baumann
Keyword(s):  
South Carolina ◽  
Management Plan ◽  
Private Forest ◽  
Forest Landowners ◽  
Stewardship Program ◽  
Management Plans ◽  
Forest Stewardship ◽  
Nonindustrial Private Forest ◽  
Primary Management ◽  
Nipf Landowners

Abstract This study is based on a survey of 100 South Carolina nonindustrial private forest (NIPF) landowners who participated in the Forest Stewardship Program in 1995-1996. The purpose of the study was to determine which components in a management plan are most important to NIPF landowners. Most important are the landowners' objectives, followed by individual stand descriptions and a schedule of prescribed activities. Data are summarized by type of preparer (government, consultant, or industry) and by timber or nontimber primary management objective. South. J. Appl. For. 21(4):164-167.

scholarly journals Segmentation to Focus Outreach: Behavioral Intentions of Private Forest Landowners in Pennsylvania

2016 ◽  
Vol 114 (4) ◽  
pp. 466-473 ◽  
Author(s):  
Alexander L. Metcalf ◽  
Joshua B. Gruver ◽  
James C. Finley ◽  
A.E. Luloff
Keyword(s):  
Behavioral Intentions ◽  
Private Forest ◽  
Forest Landowners ◽  
Private Forest Landowners

How promptly nonindustrial private forest landowners regenerate their lands after harvest: a duration analysis

2008 ◽  
Vol 38 (8) ◽  
pp. 2109-2117 ◽  
Author(s):  
Xing Sun ◽  
Ian A. Munn ◽  
Changyou Sun ◽  
Anwar Hussain
Keyword(s):  
Duration Analysis ◽  
Time Interval ◽  
Private Forest ◽  
Forest Types ◽  
Forest Landowners ◽  
Factors Associated ◽  
The Mean ◽  
Nonindustrial Private Forest ◽  
Mean Time ◽  
Private Forest Landowners

Understanding factors that influence how promptly landowners regenerate their timberlands after harvest, if at all, is critical to developing policies to improve forest productivity. Mississippi forest landowners with over 100 acres (1 acre = 0.404 ha) of forestland were surveyed in 2006 to collect harvest and regeneration data from 1996 to 2006. This study investigated the length of the time interval between harvest and reforestation. Nonparametric duration analysis was used to examine how long nonindustrial private forest landowners waited to reforest after harvesting. Parametric duration analysis was used to examine factors that influenced the length of this period. The mean time elapsed from harvest to regeneration was 11 months for landowners that regenerated their lands. The instantaneous probability of regeneration reached its highest value in the 16th month after harvest and, thereafter, decreased steadily until the 28th month, after which the probability of regeneration was essentially nil. Interest in timber production, employing a consultant, and ownerships that were predominantly pine forest types were factors associated with substantially shorter reforestation times. Lower stumpage prices and higher reforestation costs were associated with substantially longer reforestation times.

Ecological and economic benefits of cross-boundary coordination among private forest landowners

2008 ◽  
Vol 23 (4) ◽  
pp. 481-496 ◽  
Author(s):  
Lisa A. Schulte ◽  
Mark Rickenbach ◽  
Laura C. Merrick
Keyword(s):  
Economic Benefits ◽  
Private Forest ◽  
Forest Landowners ◽  
Private Forest Landowners

scholarly journals Assessing and Understanding Timber Trespass and Theft Laws in the Appalachian Region

2005 ◽  
Vol 22 (2) ◽  
pp. 94-101 ◽  
Author(s):  
Michael J. Mortimer ◽  
Shawn Baker ◽  
Robert M. Shaffer
Keyword(s):  
At Risk ◽  
Private Forest ◽  
Appalachian Region ◽  
Forest Landowners ◽  
State Laws ◽  
Private Forest Landowners

Abstract Many forest landowners in the Appalachian region are at risk from timber theft and trespass. State laws within this region provide a confusing assortment of civil and criminal remedies to address such infractions. These heterogeneous laws address timber theft in varying specificityand intensity. A range of interpretations by courts have further impacted the meaning and effectiveness of existing laws. Few current civil and criminal remedies appear to provide sufficient protections for private forest landowners, and review and revision of existing statutory structuresis warranted. Specific areas of focus should include statutes of limitation, the issue of trespasser intent, and the method for ascertaining the landowners' damages.North. J. Appl. For. 22(2):94–101.

Adjusting Timberland Lease Payments for Stumpage Price-Changes

1986 ◽  
Vol 3 (1) ◽  
pp. 22-25
Author(s):  
W. David Klemperer
Keyword(s):  
Inflation Rate ◽  
Annual Income ◽  
Private Forest ◽  
Forest Landowners ◽  
Price Changes ◽  
Price Increases ◽  
Stumpage Price ◽  
Nonindustrial Private Forest ◽  
To Receive ◽  
Private Forest Landowners

Abstract Many past industrial leases of private timberlands have proven unsatisfactory for landowners, because lease payments were constant during periods of rapidly increasing timber prices. Although many contracts now index lease payments to the inflation rate, few incorporate real increases in stumpage prices above the inflation rate. This paper examines variations of two basic methods for incorporating real stumpage price-increases into formulas for determining acceptable lease payments from views of both landowner and firm. These approaches offer more satisfactory means for nonindustrial private forest landowners to receive annual income before harvest and for firms to obtain wood supplies without the high cost of land purchase. North. J. Appl. For. 3:22-25, Mar. 1986.

Sign in / Sign up

Export Citation Format

Share Document