Forestland investment : valuation and analysis / Bin Mei and Michael L. Clutter.

Abingdon, Oxon ; New York, NY : Routledge, 2023.

©2023

1 online resource (xii, 214 pages) : illustrations

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Bin Mei is Professor of the Practice in Natural Resource Finance at Duke University, Durham, NC, where he teaches and conducts research in the area of natural resource investment and nature-based climate solutions. Prior to that, he was Hargreaves Professor of Forest Finance at the University of Georgia, Athens, GA. He is editor of the Journal of Forest Business Research and associate editor of the Canadian Journal of Forest Research. Michael L. Clutter was Chief Analytics Officer at F&W Forestry, Albany, GA. In addition to his many years of experience in the forestry industry, Michael used to be the Dean and Hargreaves Distinguished Professor of Forest Finance at the University of Georgia's Warnell School of Forestry and Natural Resources. He passed away unexpectedly on December 24, 2022.

"Forestland investment has surged in the past few decades as a result of land ownership change in the forestry industry. Timberland investment and management organizations and real estate investment trusts have bought up land and resources which were divested by vertically integrated forest products companies. This book provides seminal coverage of this seismic shift in the industry exploring the philosophy, driving factors, valuation, theory, research, implementation, practice, and effects of forestland investment. Across 15 chapters the book reviews the history of forestland investment; discusses the optimal forest rotation; explains timberland appraisal; examines the return drivers of forestland; analyses timberland index construction methods and results; prices timberland assets; reviews financial and real options; investigates real option values in forestland management; evaluates timber harvest contracts; examines new opportunities in the emerging woody bioenergy market; and eventually offers prospects on forestland investment in the future. It also discusses how forest carbon can be used as a natural resource-based climate solution. This book is essential reading for forestry business students and scholars, as well as practitioners and policy makers in the industry"-- Provided by publisher.

Taylor & Francis. EBA 2024-2025.

Print version: Mei, Bin, 1979- Forestland investment Abingdon, Oxon ; New York, NY : Routledge, 2023

Books / Online

English

September 26, 2024

Includes bibliographical references and index.

Electronic books.