Current issue: 58(4)
The profitability of forestry in the context of recent economic developments in Finland suggest a more systematic analysis of the profit and the cost structure of small-scale forestry than is normally made today. The domestic and international pressure on farming emphasizes the development of rural areas by means of other business than agriculture, in practice this may mean forestry. Financing in terms of the new law concerning agriculture requires projects to be profitable. Thus, the profitability of different lines of production, including forestry, needs to be reported more carefully than is the practice today.
A network of forestry bookkeeping farms covering the whole Austria has existed for 20 years. The organization and the operation of the forestry bookkeeping and the cost accounting system is based on the scientific cooperation and exchange of information between the organizations in charge. The practical experience and recommendations based thereon might be useful for Finland, when implementing a country-wide network of forestry bookkeeping and cost accounting.
The PDF includes an abstract in English.
This paper is a review on the development of sustainable forest management and what has been meant with the term in different times. The article summarises the birth of sustainable use of forests in the world and in Finland, and discusses sustainability in forest management, for instance from the point of view of one forest holding, large clearcuttings performed in Lapland, biological sustainability, business economics and overall planning.
The two introductory books written by emeritus professor William Duerr provide an opportunity to scope the research progress in the forest economic discipline during almost a quarter century. This paper gives a presentation of the books (Fundamentals of Forest economics, 1960, and Forestry Economics as Problem Solving, 1984), and the development of forest economics during the period.
The PDF includes a summary in English.
In forestry, a classical method of evaluating the profitability of an outlay is to calculate the internal rate of return. If there are many outlays and returns over a period, analytical determination of the internal rate is difficult and requires simulation methods. However, if there is only one outlay and one return, the computation is easy. In this paper, some formulae were developed for practical purposes. The equations also show how the return changes as the ratio between the return and the outlay changes.
The PDF includes a summary in English.
The article is a lectio praecursoria held on May 18, 1968 at the University of Helsinki. It deals with some aspects connected with the adaptation of mathematic-statistical methods and in particular with multivariate methods. Among these regression, factor, and principal-component analysis are mostly used by the Finnish forest economists.
The PDF includes a summary in English.