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Essay / Research Paper Abstract
A 5 page research paper that addresses factors affecting forested land valuation from an ecological and land-use perspective. Forest-use valuation is rapidly becoming more complicated, as is the world economy in general (Beuter and Alig, 2004). This is because the processes involved in valuation concern conflicts arising from "land-use zoning, environmental law, forest practices regulation, site-specific environmental considerations and recognition of forest resource values other than timber" (Beuter and Alig, 2004, p. 4). Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: D0_khlndval.rtf
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Unformatted sample text from the term paper:
"land-use zoning, environmental law, forest practices regulation, site-specific environmental considerations and recognition of forest resource values other than timber" (Beuter and Alig, 2004, p. 4). The following literature review examines
factors that affect forest valuation from an ecological and land-use perspective. Valuation of forests varies greatly, depending on the country. In Europe, Japan, and the US, over half of all
forest and wooded land is privately owned (Beuter and Alig, 2004). In contrast, a large portion of such land in Canada and Australia is publicly owned (Beuter and Alig,
2004). Not surprisingly, forestland valuation is more of an issue in countries where private forest ownership prevails. However, Beuter and Alig (2004) point out that it is important to understand
that a forest is not owned in perpetuity. Rather what is owned is a "bundle of rights in the land that may or may not be transferable and that is
subject to restriction by...power of the government" (Beuter and Alig, 2004, p. 4). In other words, unrestricted land use is a thing of the past throughout most of the world.
These requirements put upon land use by state and civil authorities can seriously affect land valuation. For example, consider a 200 acre tract of mature timber that is valued
at $2 million. These authors then suppose that a spotted owl is discovered nesting in the middle of this tract. According to the laws of this state, a 100 acre
core area is immediately established around the next in which access is restricted and harvesting timber is prohibited (Beuter and Alig, 2004). Obviously, this greatly affects the valuation of the
land. Another aspect of land use that can seriously affect land values is environmental contamination. Environmental contamination can impact three property value effects (Jackson, 2004). These are: 1.
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