Private forests Management and policy in a market economy
Management and policy in a market economy
Private forests This chapter discusses privately owned forests and timber management in a market economy, including (1) private property rights and tenure (2) landowner objectives (3)landowner characteristics (4)markets (5)government policies impacts
This chapter discusses privately owned forests and timber management in a market economy, including : (1) private property rights and tenure (2) landowner objectives (3) landowner characteristics (4) markets (5) government policies impacts
private property rights and tenure e Various individuals firms. communities and unites of government may own forests and timbers o Different types of forest land ownership and forest landowner objectives affect how forest land will be managed
private property rights and tenure u Various individuals ,firms ,communities, and unites of government may own forests and timbers . u Different types of forest land ownership and forest landowner objectives affect how forest land will be managed
landowner objectives o Two basic economic theories utility maximization and profit maximization, have been used to test hypotheses about private forest management o Various individuals, firms communities may have theirs own forests objectives o Take the objectives and motivations of NIPF for example(table 3.1)
landowner objectives u Two basic economic theories ,utility maximization and profit maximization ,have been used to test hypotheses about private forest management . u Various individuals ,firms ,communities may have theirs own forests objectives . u Take the objectives and motivations of NIPF for example (Table 3.1)
Table 3. 1. Nonindustrial private forest landowner objectives, United States and the U.S. South Birch 1996a and b) United States U.S. South Objective %of acres % of owners of acres %of owners Timber 29 Recreation and 27 01 20 15 aesthetic Part of farm or 7 residence 31395 № er answer