Abstract
Timber is part of the investment portfolio of a wide range of investors. Traditional forestry investors include farmers who own forest land and the large forest products firms that have purchased forest land to grow timber, usually to supply large pulp and paper mills. Over the last few decades, many new investors have inherited, purchased, or otherwise acquired timberland. These are often passive investors, not actively involved in timber management. However, like all economic actors, they are either directly or indirectly concerned with the returns to timber production. Both passive and active timberland investors have alternative investment vehicles for their scarce capital. Common analytical frameworks can be applied to timber and nontimber assets to help investors assess these alternative asset classes.
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Zinkhan, F.C., Cubbage, F.W. (2003). Financial Analysis of Timber Investments. In: Sills, E.O., Abt, K.L. (eds) Forests in a Market Economy. Forestry Sciences, vol 72. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-0219-5_6
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DOI: https://doi.org/10.1007/978-94-017-0219-5_6
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