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GUIDELINES for . . .
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Appendix 1. Predicting future timber values

Introduction

      Forecasts of future product market conditions are necessary in order to evaluate the economic efficiency of stand density management investments. Because the return on most investments will not be obtained for 40 to 100 years, these forecasts are fraught with uncertainty. A clear statement of the future price assumptions used is therefore necessary to allow for a critical review of the results of the analysis.

      This section discusses the factors that may influence future real log and end-product prices, and provides a summary of research into the potential for real price increases. It concludes with recommendations on future price assumptions for stand density management investment analysis.


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Copyright 1999 Province of British Columbia
Forest Practices Branch
BC Ministry of Forests
This page was last updated January 1999

Comments to: Tim Ebata <Tim.Ebata@gems8.gov.bc.ca>