A web-based learning module has beencreated to guide family
forest landowners through the basic principles of forest
economics and how those principles can be incorporated into
management planning and decision making to ensure sustainability
of their forestlands. Economic and financial analysis is
an important part of long-term investments such as forest
management, whether to anticipate cash flows, estimate taxes,
compare rates of return, or understand the economic implications
of management decisions.
The principles of forest economics are often poorly understood by family forest
landowners, discounting formulas can be intimidating, and there is often confusion
surrounding the various metrics that are used commonly to assess the economic
or financial performance of a forest enterprise.
Unfortunately, poor financial planning adds to the increased incidence of land
use conversion by many family forest landowners. This program will help mitigate
here to go to the Economagic web page (this
site is outisde of the RTI website, on the WSU Forestry Extension website).