Forestland Investment: Valuation and Analysis

Forestland investment has surged in the past few decades as a result of land ownership change in the forestry industry. Timberland investment and management organizations and real estate investment trusts have bought up land and resources that were divested by vertically integrated forest products companies. This book provides a seminal coverage of this seismic shift in the industry, exploring the philosophy, driving factors, valuation, theory, research, implementation, practice, and effects of forestland investment. Across 15 chapters the book reviews the history of forestland investment
discusses the optimal forest rotation
explains timberland appraisal
examines the return drivers of forestland
analyzes timberland index construction methods and results
prices timberland assets
reviews financial and real options
investigates real option values in forestland management
evaluates timber harvest contracts
examines new opportunities in the emerging woody bioenergy market
and eventually offers prospects on forestland investment in the future. It also discusses how forest carbon can be used as a nature-based climate solution. This book is essential reading for forestry business students and scholars, as well as practitioners and policymakers in the industry.