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Estimating land rent from the market value of timberland

, : Estimating land rent from the market value of timberland. Forest Science: 5, 507-512

Modelling empirical investment behaviour of timber stand decision makers requires the use of market-generated information. Recent forestry literature has suggested that the available information on market valuations of timberland could be used to estimate empirical timberland rents as the opportunity cost. In this article, we point out the fact that the market value of timberland comprises the value of current market rent as well as values of speculated future market rents.


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