Current issue: 54(3)
Under compilation: 54(4)
The economic analysis is based on computer simulations which covered a seedling rotation and three successive coppice rotations. Calculations were carried out for the four site productivity classes in Eucalyptus globulus plantations. The rotation length that maximized the land expectation value is 12–20 years for seedling rotation and 8–16 years for coppice rotations with discounting rates 2–8%. The mean wood production is over 40 m3/ha/a in the best site class and about 10 m3/ha/a in the poorest class with rotation lengths ranging from 10 to over 20 years. Thinnings increase the wood production and land expectation value by a few percentage points. In areas suitable to Eucalyptus globulus growth, the land expectation value is considerably higher in forestry than in agriculture, except in very poor areas or with very high rate of interest.
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