The forest market – income methods for determining the value of forest resources

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dc.contributor.authorKlocek, Andrzej
dc.contributor.authorZając, Stanisław
dc.contributor.organizationInstytut Badawczy Leśnictwa, Zakład Zarządzania Zasobami Leśnymi, Sękocin Staryen
dc.contributor.organizationInstytut Nauk Leśnych w Filii Uniwersytetu Łódzkiego w Tomaszowie Mazowieckimen
dc.date.accessioned2020-09-02T11:16:37Z
dc.date.available2020-09-02T11:16:37Z
dc.date.issued2019-03-15
dc.description.abstractThis article describes methods for estimating the value of a forest, the accurate estimation of which is crucial for purchases and sales, in credit security, in determining the shares in the division of forest real estate, as well as in determining the amount of compensation for any losses in forest property. Compensation for property losses also includes past events that occurred before the Second World War such as nationalization or leaving in the eastern territories of the Second Polish Republic (1918-1939). An equally important objective of forest valuation, which has recently gained in importance, is the inclusion of its value in the forest management balance. However, due to the lack of fully objective market prices for forest property, this work focused on the analysis of quantitative and qualitative characteristics of the forest market and the methods for calculating the income (rent) value of the forest. Included are examples of commercial transactions on the forest market in the USA, Austria and Germany. The study presents a historical outline of the forest valuation with particular emphasis on methods based on the income value, including the forest rent. Furthermore, we discuss the formula of perpetual capitalization of annuity and periodic annuity including the various net income impact variations, i.e. from below or from above.en
dc.identifier.citationKlocek, A., & Zając, S. (2019). The Forest Market – Income Methods for Determining the Value of Forest Resources, Forest Research Papers, 80(1), 89-99. doi: https://doi.org/10.2478/frp-2019-0008en
dc.identifier.doi10.2478/frp-2019-0008
dc.identifier.issn2082-8926
dc.identifier.urihttps://open.icm.edu.pl/handle/123456789/18738
dc.language.isoen
dc.publisherInstytut Badawczy Leśnictwa (Forest Research Institute), Sękocin Stary, Polanden
dc.rightsUznanie autorstwa-Bez utworów zależnych 3.0 Polska*
dc.rights.urihttp://creativecommons.org/licenses/by-nd/3.0/pl/*
dc.subjectvalue and price of foresten
dc.subjectforest marketen
dc.subjectforest renten
dc.subjectmethods of capitalization of forest renten
dc.subjectwartość i cena lasupl
dc.subjectrynek leśnypl
dc.subjectrenta leśnapl
dc.subjectmetody określania renty leśnejpl
dc.titleThe forest market – income methods for determining the value of forest resourcesen
dc.title.alternativeRynek lasu – metody dochodowe określania wartości zasobów leśnychpl
dc.typearticleen
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