Harvest Scheduling as a Timber Appraisal Tool

Appraisers often value a forest that contains many different timber stands that can vary due to factors such as age, stocking, species, and site index. Many assumptions are possible on how the various stands will be harvested and what subsequent cash flows might be generated. We describe harvest scheduling methodology that is widely used to obtain the net present value of such a forest under optimal conditions. We illustrate how a popular software package can be used by appraisers to obtain optimal discounted cash flows using harvest scheduling and resulting timber stand values. ChristopherProduction Economics,

Timber Supply Fundamentals for Extension Forestry Professionals

Timber supply is a term forestry professionals often misuse. It is not the same as timber availability. Competing uses for timber, like bioenergy and carbon credits, make a proper definition important. Timber supply has three subsets: biological potential and physical and economic timber supplies. Plus, there is a temporal aspect that creates a relationship between stock and short-run and long-run timber supplies. A change in stock supply automatically triggers a long-run timber supply response in the opposite direction. Timber supply is a complex issue, and this discussion may help Extension professionals educate landowners and avoid mistakes when using the term

Executive Compensation Disclosure: The SEC\u27s Attempt to Facilitate Market Forces

I. Introduction ... A. Overview of the Rules ... B. Basic Intent/Goals of Rules ... C. Conditions Which Led to the Change ... 1. Increasing Use of Long-Term Compensation Arrangements ... 2. Institutional Investors and Shareholder Activism … 3. Negative Publicity ... D. Other Government Action in the Executive Pay Arena ... 1. Congressional Action ... 2. Other SEC Action II. Tabular and Graphic Presentation of Compensation-Related Information ... A. Overview of New Presentation ... B. Tabular Disclosure Versus Narrative Description III. Summary Compensation Table ... A . Generally ... B. Specific Elements ... 1. Salary and Bonus ... 2. Other Annual Compensation ... 3. Restricted Stock Awards ... 4. Option/SAR Grants ... 5. LTIP Payouts ... 6. All Other Compensation ... C. Other Criticisms/Potential Improvements ... 1. Bottom-Line Figure ... 2. Exclusion of Option/SAR Information ... 3. Disclosure Period IV. Option/SAR Tables V. Board Compensation Committee Report VI. Performance Graph VII. Conclusio

Timber Supply Fundamentals for Extension Forestry Professionals

Timber supply is a term forestry professionals often misuse. It is not the same as timber availability. Competing uses for timber, like bioenergy and carbon credits, make a proper definition important. Timber supply has three subsets: biological potential and physical and economic timber supplies. Plus, there is a temporal aspect that creates a relationship between stock and short-run and long-run timber supplies. A change in stock supply automatically triggers a long-run timber supply response in the opposite direction. Timber supply is a complex issue, and this discussion may help Extension professionals educate landowners and avoid mistakes when using the term

Distribution and Abundance of Three Freshwater Mussel Species (B1valv1a: U ntontdae) Correlated with Physical Habitat Characteristics in an Iowa Reservoir

A rapid drawdown (weeks) of a reservoir allowed us to determine the combined influence of water depth, maximum effective fetch, bottom slope, and substrate characteristics on abundance of three species of freshwater mussels. The three principal mussel species were significantly (PPyganodon grandis(Say) was most abundant on deeper shelves (ca. 3 m depth, slope 1 km), and sediment organic matter content was moderate (Lampsilis siliquoidea(Barnes), however, was most abundant in shallow water (Potamilus alatus(Say) had a more cosmopolitan depth distribution, but was found only on bottoms with low slope (Pyganodon grandiswas found to be negatively affected by increasing substrate organic matter content. This result stands in contrast to other studies that have suggested that abundance of Pyganodon grandis was positively correlated with substrate organic matter content

What is your “effective” rate of reforestation cost?

If you are considering a reforestation investment, you should be concerned with its effective cost; ,that is, the cost of reforestation after considering interest arid timing of the tax savings and cost-share payments. Effective regeneration costs depend on your interest rate, marginal tax rate, and whether or not you receive assistance from a state or federal cost-share program

State cost-share programs for nonindustrial private forestry investments

Fourteen states provide cost-share assistance for approved forestry practices. Host programs are intended to increase forest productivity. Funding is typically from state appropriations and/or taxes on primary forest products. Cost-share rates range up to 80 percent, but most programs are at the 50 percent level. All programs require an approved forest management program. Eligible practices are generally reforestation, site preparation, and timber stand improvement

The Dust Management Project: Characterizing Lunar Environments and Dust, Developing Regolith Mitigation Technology and Simulants

A return to the Moon to extend human presence, pursue scientific activities, use the Moon to prepare for future human missions to Mars, and expand Earth?s economic sphere, will require investment in developing new technologies and capabilities to achieve affordable and sustainable human exploration. From the operational experience gained and lessons learned during the Apollo missions, conducting long-term operations in the lunar environment will be a particular challenge, given the difficulties presented by the unique physical properties and other characteristics of lunar regolith, including dust. The Apollo missions and other lunar explorations have identified significant lunar dust-related problems that will challenge future mission success. Comprised of regolith particles ranging in size from tens of nanometers to microns, lunar dust is a manifestation of the complex interaction of the lunar soil with multiple mechanical, electrical, and gravitational effects. The environmental and anthropogenic factors effecting the perturbation, transport, and deposition of lunar dust must be studied in order to mitigate it?s potentially harmful effects on exploration systems and human explorers. The Dust Management Project (DMP) is tasked with the evaluation of lunar dust effects, assessment of the resulting risks, and development of mitigation and management strategies and technologies related to Exploration Systems architectures. To this end, the DMP supports the overall goal of the Exploration Technology Development Program (ETDP) of addressing the relevant high priority technology needs of multiple elements within the Constellation Program (CxP) and sister ETDP projects. Project scope, plans, and accomplishments will be presented