2026/07/26 by Sonia R. Bruck, Christopher Mihiar, Bin Mei +5
Engineering · Environmental Science · #Forest Management and Policy #Whitehead's Philosophy and Applications #Wood Treatment and Properties
paper · doi:10.3368/le.103.1.091425-0079r
crossref issued 2026/07/26 · crossref published 2026/07/26 · crossref published-online 2026/07/26 · openalex publication_date 2026/07/26 · crossref created 2026/07/26 · crossref deposited 2026/07/26 · crossref indexed 2026/07/26 · openalex created_date 2026/07/27 · openalex updated_date 2026/07/28
<h3>Abstract</h3> This paper develops a pilot timber asset account for the United States, demonstrating how a novel discount price method can value timber stocks in Georgia. While valuing merchantable timber is straightforward, an important methodological challenge is valuing trees that are not yet harvestable. Our approach values young stands by discounting their expected harvest price until they reach merchantable size. This method requires standard forest inventory data and market prices currently available in the U.S., making it promising candidate for scaling nationally. For southern yellow pine in Georgia, we estimate timber assets of 5.9 billion, with pre-merchantable timber contributing 257.7 million.