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Economagic:
A Learning Module for Demystifying
Forest Economics

Abstract

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 that risk.

Click here to go to the Economagic web page (this site is outisde of the RTI website, on the WSU Forestry Extension website).


 
School of Environmental and Forest Sciences
USDA Forest Service State & Private Forestry
WSU Cooperative Extension
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Last Updated 2/2/2012 5:37:22 PM