Tenure effects on forest management investment

1987 ◽  
Vol 17 (4) ◽  
pp. 284-293
Author(s):  
J. C. Nautiyal ◽  
J. K. Rawat

Study of the investment behaviour of a tenure-holding forestry firm in Canada has policy implications and is, therefore, important. Investment by a firm in establishing a plant was analyzed in an earlier issue (June 1986) of this journal. In this paper, the firm's investment in the management of Crown forest lands is investigated. The impacts of tenure conditions, taxation, and technological progress have been analyzed. Tenure insecurity has been found to be only partly responsible for a firm's less than enthusiastic behaviour regarding investment in forest management. Long rotation is by far the single most important factor inhibiting expenditure on forest management inputs. A judicious mixture of tenure and taxation regulations can be used as a policy instrument for encouraging intensive forest management. Anticipation of even very modest secular increases in profits due to technological progress can make intensive forestry a desirable economic activity.

1978 ◽  
Vol 54 (3) ◽  
pp. 140-146
Author(s):  
J. Harry G. Smith

Intensive forestry on Canada's West Coast has some impressive accomplishments but re-investments of timber capital must increase many times to meet future needs. Intensive forest management requires greatly increased inputs of labour, capital, and knowledge in order to enhance the amount and value of yields from an ultimately limited land base. Attractive incentives must be developed for private land owners and users of public forest lands to sustain current yields of wild stands, to avoid a falldown in harvest as surplus old growth values are liquidated, and to make up for withdrawals from the land base and complications of timber management.Since 1912-13 direct B.C. government forest revenues have exceeded expenditures to 1976 by $847 million. British Columbians and many other Canadians are therefore deeply in debt to the forests of British Columbia, and soon should re-invest past surpluses to help build a base for even greater returns in future.Past trends, the current situation, relation to other areas, costs, responses, sources of funds, multiple use implications, alternatives, research needs, and incentives, are discussed with special reference to the Vancouver Forest District.


1995 ◽  
Vol 25 (11) ◽  
pp. 1821-1829 ◽  
Author(s):  
Martin K. Luckert ◽  
David Haley

The allowable cut effect, or ACE, is defined as an immediate increase in today's allowable cut of a timber management unit that is attributable to expected future increases in yields. In Canada, the ACE has been adopted by provincial governments in an attempt to encourage voluntary, private investments in silviculture on Crown forest lands. However, such policies have been generally ineffective. Potential reasons for their failure include the presence of other public silvicultural policies that crowd out private, ACE-motivated expenditures; rent (stumpage) collection provisions that do not allow tenure holders adequate financial returns on their investments; yield control provisions that do not impose significant constraints on industrial activity; costs of compliance with regulations to secure increased harvests; and the uncertainty surrounding the future of existing tenure arrangements.


1986 ◽  
Vol 62 (4) ◽  
pp. 369-372
Author(s):  
Graham P. Bruce

Investment in intensive forest management will create jobs, boost economic activity and increase wood supplies.


2021 ◽  
Vol 494 ◽  
pp. 119276
Author(s):  
K.M. Littke ◽  
S.M. Holub ◽  
R.A. Slesak ◽  
W.R. Littke ◽  
E.C. Turnblom

1982 ◽  
Vol 58 (2) ◽  
pp. 100-103
Author(s):  
G. D. Puttock

The Canadian Income Tax Act and Regulations recognize five classes of forest property, three of which are considered to be bona fide farming operations.Whereas forest income is usually considered to be business income, the income from tree farming operations and corresponding forest management expenses receive a more favourable tax treatment. This has the effect of encouraging individuals to undertake forest management activities on their lands.The Province of Ontario, however, does not currently recognize tree farming as a bona fide farming operation for property assessment purposes. Forest lands are assessed at the highest value which could be obtained for them on the open market, whereas farm-lands are assessed at a value that could be obtained for them if they continue to be used for farming purposes; a value usually lower than the market value of non-farm-lands. This would indicate that if land previously classified as farm-land were afforested, such land would be taxed at a higher rate.


2014 ◽  
Vol 3 (2) ◽  
pp. 5-20
Author(s):  
Velibor Milošević

Abstract Since reserve requirement is the only monetary policy instrument used in Montenegro, it has been subject to frequent amendments since the global crisis outbreak. The analysis of the monetary demand model showed that there is an active transmission mechanism of change in the reserve requirement rate on the deposits trend reflects on lending activity. Also, there is a significant impact of FDIs on deposits trending in the banking system, as well as the positive impact of turnover on stock exchange on the deposits and loans trend. Finally, it was found that the financial crisis has caused negative trends in loans and deposits. On the other hand, the impact of changes in the reserve requirement on the economic activity in Montenegro could not be determined. This is primarily due to the fact that the transmission mechanism of the effect of reserve requirement on economic activity is too long to be able to estimate the model that does not allow the dynamics of the independent variables. The second reason is that industrial output index is only an indirect indicator of the economic activity.


Forests ◽  
2021 ◽  
Vol 12 (10) ◽  
pp. 1357
Author(s):  
Hsing-Chih Chen ◽  
Tien-Pai Tseng ◽  
Kun Cheng ◽  
Supasit Sriarkarin ◽  
Wanyun Xu ◽  
...  

We established an evaluation framework for sustainable forest management (SFM) development based on locals’ perspectives using the importance-performance analysis (IPA) method in a rural area of Taiwan. It identified the factors that affected local people’s participation in and awareness of SFM based on local demographics, development factors of SFM, and perceptions of SFM, through the logistic regression method (LRM). Both the levels of importance and performance (I-P) of the SFM indicators were rated by the local residents and the differences between importance–performance among indigenous and non-indigenous people were examined. The factors that affected differentiation of local people’s participation in the SFM program were: (1) forestry workers, (2) indigenous people, and (3) SFM development factors. The findings provide both theoretical constructs and policy implications for SFM mechanisms for the forest stewardship council (FSC) and sustainable development goals (SDGs) in a sustainable rural development.


2006 ◽  
Vol 21 (4) ◽  
pp. 509-524 ◽  
Author(s):  
David A. Etheridge ◽  
David A. MacLean ◽  
Robert G. Wagner ◽  
Jeremy S. Wilson

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