Financially optimal thinning and final harvest schedules for loblolly pine plantations on nonindustrial private Forestland in East Texas

Ching-Hsun Huang, Gary D. Kronrad

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

A quantitative analysis of the profitability of managing loblolly pine (Pinus taeda L.) in relation to the length of rotation and the timing, frequency, and intensity of thinning(s) was conducted to determine financially optimal schedules for nonindustrial private forest landowners in Texas. The results indicate that as site index increases from 50 to 90, rotation length decreases from age 59 to 38; as real alternative rate of return (ARR) increases from 2.5 to 15.0%, rotation length decreases from age 38 to 21. The timing of first thinning varies from age 11 for landowners with a 15.0% ARR on site index 90 land to age 47 for landowners with a 2.5% ARR on site index 60 land. The frequency of thinning for optimal schedules is highly related to landowners' site index and ARR. Landowners with low and medium ARR on site index 90 land should conduct thinnings up to three times to maximize profits; landowners with low ARR on site index 50 or 60 land should conduct one thinning only. The intensity of thinning tends to increase (from 20 to 35% basal area removal) as landowners' ARR increases. South. J. Appl. For.

Original languageEnglish (US)
Pages (from-to)13-17
Number of pages5
JournalSouthern Journal of Applied Forestry
Volume26
Issue number1
StatePublished - Feb 2002
Externally publishedYes

Fingerprint

nonindustrial private forests
landowners
Pinus taeda
landowner
site index
thinning
plantation
plantations
rate
harvest
basal area
profitability
quantitative analysis
profits and margins
land

Keywords

  • Dynamic programming
  • Optimal forest management
  • Optimal rotation age
  • Profitability
  • Soil expectation value

ASJC Scopus subject areas

  • Forestry
  • Plant Science

Cite this

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title = "Financially optimal thinning and final harvest schedules for loblolly pine plantations on nonindustrial private Forestland in East Texas",
abstract = "A quantitative analysis of the profitability of managing loblolly pine (Pinus taeda L.) in relation to the length of rotation and the timing, frequency, and intensity of thinning(s) was conducted to determine financially optimal schedules for nonindustrial private forest landowners in Texas. The results indicate that as site index increases from 50 to 90, rotation length decreases from age 59 to 38; as real alternative rate of return (ARR) increases from 2.5 to 15.0{\%}, rotation length decreases from age 38 to 21. The timing of first thinning varies from age 11 for landowners with a 15.0{\%} ARR on site index 90 land to age 47 for landowners with a 2.5{\%} ARR on site index 60 land. The frequency of thinning for optimal schedules is highly related to landowners' site index and ARR. Landowners with low and medium ARR on site index 90 land should conduct thinnings up to three times to maximize profits; landowners with low ARR on site index 50 or 60 land should conduct one thinning only. The intensity of thinning tends to increase (from 20 to 35{\%} basal area removal) as landowners' ARR increases. South. J. Appl. For.",
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