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These slides are intended for use by instructors who have adopted Forest Economics for use in their course. For more information on the book, please visit www.ubcpress.ca. About the book: Forestry cannot be isolated from the forces that drive economic activity. While forestry involves using land, labour, and capital to produce goods and services from forests, economics helps in understanding how this can be done in ways that will best meet the needs of society. Therefore, a firm grounding in economics is integral to sound forestry policies and practices. This book, a major revision and expansion of Peter H. Pearse's 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Topics range from valuation of forest investments and unpriced forest goods and services to product markets, government intervention, property rights, taxation, and global issues of forests and the environment. Each chapter contains review questions and suggestions for further reading. Forest Economics draws on the strengths of two of the field's leading practitioners who have more than fifty years of combined experience in teaching undergraduate and graduate courses in forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies. ; Forestry, Faculty of ; Unreviewed ; Faculty

Abstract Background Timber insurance is a form of risk management that can be used to protect forest owners from the effects of various types of disaster. Methods A recent court ruling on a legal case in the United States is used to illustrate reasons for the lack of uptake of timber insurance and its effects on those dependent on forestry for their livelihood. Operational aspects of the timber insurance market are described and compared with markets for insurance of real estate and agricultural crops. The scope and implementation of timber insurance in several countries are reviewed, and some practical guidance is offered to those intending to develop a timber insurance programme to encourage investment in the growth of planted forests. Results Salient features of the forest insurance market are described and the markets in a number of countries are reviewed. Conclusions The development of timber insurance market requires some form of intervention by government or landowner associations.

International audience ; Background: Timber insurance is a form of risk management that can be used to protect forest owners from the effects of various types of disaster. Methods: A recent court ruling on a legal case in the United States is used to illustrate reasons for the lack of uptake of timber insurance and its effects on those dependent on forestry for their livelihood. Operational aspects of the timber insurance market are described and compared with markets for insurance of real estate and agricultural crops. The scope and implementation of timber insurance in several countries are reviewed, and some practical guidance is offered to those intending to develop a timber insurance programme to encourage investment in the growth of planted forests. Results: Salient features of the forest insurance market are described and the markets in a number of countries are reviewed. Conclusions: The development of timber insurance market requires some form of intervention by government or landowner associations.

International audience ; Background: Timber insurance is a form of risk management that can be used to protect forest owners from the effects of various types of disaster. Methods: A recent court ruling on a legal case in the United States is used to illustrate reasons for the lack of uptake of timber insurance and its effects on those dependent on forestry for their livelihood. Operational aspects of the timber insurance market are described and compared with markets for insurance of real estate and agricultural crops. The scope and implementation of timber insurance in several countries are reviewed, and some practical guidance is offered to those intending to develop a timber insurance programme to encourage investment in the growth of planted forests. Results: Salient features of the forest insurance market are described and the markets in a number of countries are reviewed. Conclusions: The development of timber insurance market requires some form of intervention by government or landowner associations.

Background: Timber insurance is a form of risk management that can be used to protect forest owners from the effects of various types of disaster. Methods: A recent court ruling on a legal case in the United States is used to illustrate reasons for the lack of uptake of timber insurance and its effects on those dependent on forestry for their livelihood. Operational aspects of the timber insurance market are described and compared with markets for insurance of real estate and agricultural crops. The scope and implementation of timber insurance in several countries are reviewed, and some practical guidance is offered to those intending to develop a timber insurance programme to encourage investment in the growth of planted forests. Results: Salient features of the forest insurance market are described and the markets in a number of countries are reviewed. Conclusions: The development of timber insurance market requires some form of intervention by government or landowner associations.

Zhang_Pearse_9780774821520_text-1.pdf -- Contents -- Figures and Tables -- Foreword -- Preface -- Part 1: Markets, Government, and Forest Investment Analysis -- 1: Forestry's Economic Perspective -- 2: Market Economies and the Role of Government -- 3: Forest Investment Analysis -- Part 2: The Forest Sector -- 4: Timber Supply, Demand, and Pricing -- 5: Unpriced Forest Values -- Part 3: The Economics of Forest Management -- 6: Land Allocation and Multiple Use -- 7: The Optimal Forest Rotation -- 8: Regulating Harvests over Time -- Part 4: Economics of Forest Policy -- 9: Long-Term Trends in the Forest Sector and Silvicultural Investment -- 10: Property Rights -- 11: Forest Taxes and Other Charges -- Part 5: Forest Economics in Global Perspective -- 12: Forest Products Trade -- 13: Global Forest Resources and the Environment -- Index -- Zhang_Pearse_9780774821520_text-1.pdf -- Contents -- Figures and Tables -- Foreword -- Preface -- Part 1: Markets, Government, and Forest Investment Analysis -- 1: Forestry's Economic Perspective -- 2: Market Economies and the Role of Government -- 3: Forest Investment Analysis -- Part 2: The Forest Sector -- 4: Timber Supply, Demand, and Pricing -- 5: Unpriced Forest Values -- Part 3: The Economics of Forest Management -- 6: Land Allocation and Multiple Use -- 7: The Optimal Forest Rotation -- 8: Regulating Harvests over Time -- Part 4: Economics of Forest Policy -- 9: Long-Term Trends in the Forest Sector and Silvicultural Investment -- 10: Property Rights -- 11: Forest Taxes and Other Charges -- Part 5: Forest Economics in Global Perspective -- 12: Forest Products Trade -- 13: Global Forest Resources and the Environment -- Index.