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Land price & Land rent

Land price & Land rent. Definition. Examples David Ricardo 1) Differences in the fertility of land. If there is single land grade, no rent accrues. Von Thunen Distance from crucial location, Central Business District. Timber harvest Link PET results to ISAM/CLM

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Land price & Land rent

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  1. Land price & Land rent • Definition

  2. Examples • David Ricardo 1) Differences in the fertility of land. If there is single land grade, no rent accrues. • Von Thunen Distance from crucial location, Central Business District.

  3. Timber harvest • Link PET results to ISAM/CLM • Need to check what types of harvest we need: from Primary vs Secondary or doesn’t matter • Timber harvest • Secondary (managed timber) harvest land input($) in PET vs physical harvested hectares • Primary (unmanaged timber) harvest How and when: No land values ($), access cost

  4. Issue of Secondary timber harvest • Land rent in forest Net present value of timber land= P: stumpage price V: volume of tree (yield) r= interest rate a= rotation age C= harvest cost • Example of simplification: • If optimal rotation age is 30 years, the annual harvest is the one 30th of total harvested area.

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