Return and Risk in Timberland and Other Investment Alternatives of NIPF Owners

2000 ◽  
Vol 15 (6) ◽  
pp. 661-669 ◽  
Author(s):  
Lars Lönnstedt ◽  
Jan Svensson
Keyword(s):  
1991 ◽  
Vol 6 (2) ◽  
pp. 32-36 ◽  
Author(s):  
Jo Ellen Force ◽  
Harry W. Lee

Abstract Idaho's nonindustrial private forest (NIPF) owners were surveyed by mail to determine their sociodemographic characteristics, perceptions of the benefits received from owning forestland, use of forest management practices, harvesting plans, and use of forest management assistance. Data were reported for the entire state and also analyzed by ownership class. The sociodemographic profile of Idaho's NIPF owner is similar to that reported from other states. Major benefits of owning NIPF land were: wood for domestic use; esthetic enjoyment; and wildlife appreciation. Esthetics were more important to smaller landowners. Grazing and timber were benefits of importance to large landowners. Fifty-six percent of owners have harvested timber, varying from 35% of small holdings to 74% of large holdings. One-fourth of the owners say they will never harvest timber. Only 34% have ever sought professional forest management assistance. West. J. Appl. For. 6(2):32-36.


1991 ◽  
Vol 8 (2) ◽  
pp. 57-59
Author(s):  
John J. Lindsay ◽  
Alphonse H. Gilbert

Abstract Vermont's nonindustrial, private forest lands (NIPF) have the potential of supplying 3.3 million cords of fuelwood annually to the Northeast energy market. Annual commercial production levels during the energy crisis of the early 1980s, however, only reached 660,000 cords; 342,000 cords came from NIPF. An additional 340,000 cords were cut and consumed by NIPF owners. Low stumpage prices, landowner self-consumption, adverse esthetic impacts, and low stumpage volumes restricted the actual amount of NIPF wood sold to the region's commercial energy market. Fuelwood harvest in Vermont was associated with large parcel sizes (>100 ac), the landowner's personal use of fuelwood, and the existence of a forest management plan. Even under these conditions, the percentage of NIPF owners willing to sell to the commercial market remained small (25%). If fuelwood is to establish itself as a reliable energy resource in the Northeast, large ownerships must be protected from subdivision and fuelwood stumpage prices must increase dramatically. North J. Appl. For 8(2):57-59


2005 ◽  
Vol 22 (3) ◽  
pp. 149-153 ◽  
Author(s):  
Amy L. Ross-Davis ◽  
Shorna R. Broussard ◽  
Douglass F. Jacobs ◽  
Anthony S. Davis

Abstract While a number of studies have investigated the objectives and characteristics of nonindus-trial private forestland (NIPF) owners as they relate to afforestation and reforestation decisions, very few studies have addressed these among NIPF owners in the Central Hardwood Forest Region of the United States, and even fewer have linked these to plantation establishment success. This article reports on such an examination in Indiana. Landowners were found to value their land for the privacy it provides, as a place of residence, and as a legacy for future generations. They afforested primarily to provide for future generations, to supply food and habitat for wildlife, and to conserve the natural environment. Seedling survival was lowest on sites owned by individuals who did not value their land as a legacy for future generations. Many NIPF owners are engaging in requisite behaviors to ensure plantation establishment success. The results of this study are discussed in terms of their importance as indicators of the influence of cost-share programs and the insight they provide into potential target areas for future programs.North. J. Appl. For. 22(3):149 –153.


2012 ◽  
Vol 5 (3) ◽  
pp. 375-389 ◽  
Author(s):  
A. Paige Fischer ◽  
Susan Charnley

We investigated nonindustrial private forest (NIPF) owners' invasive plant risk perceptions and mitigation practices using statistical analysis of mail survey data and qualitative analysis of interview data collected in Oregon's ponderosa pine zone. We found that 52% of the survey sample was aware of invasive plant species considered problematic by local natural resource professionals; 70% was concerned about these species; and 46% had treated invasive plants on their parcels. Owners' perceptions of invasive plant risks fell along a spectrum ranging from a lack of awareness or concern, to the view that invasive plant infestations have discrete causes and controllable consequences, to the perception that incursions by invasive plants have diffuse causes and uncontrollable effects. Being aware or concerned about invasive plant species were predictors (p ≤ 0.001) of whether owners treat their parcels to control invasive plants. Holding wildlife habitat and/or biodiversity as an important forest management goal was also a predictor (p ≤ 0.08) of whether owners treated their parcels to control invasive plants. Some owners were sensitive to the risks of invasive plant infestations from nearby properties, and a surprisingly high percentage of respondents had cooperated with others in forest management activities previously. Our findings suggest three approaches to increasing the frequency of invasive plant mitigation by NIPF owners that hold promise: (1) raising awareness and concern about invasive plants and their impacts on forest management goals that owners care about, such as wildlife habitat and/or biodiversity; (2) providing assistance to help owners mitigate invasive plants they feel unable to control; and (3) engaging owners in coordinated efforts across ownership boundaries to address invasive plant risks.


1994 ◽  
Vol 11 (2) ◽  
pp. 47-52 ◽  
Author(s):  
Stephpen H. Broderick ◽  
Kenneth P. Hadden ◽  
Brian Heninger

Abstract The tremendous escalation in property values during the 1980s created new problems and issues in the education of southern New England NIPF owners. Among these was an increased need for education on estate planning and land protection techniques. This paper describes the approach taken by the University of Connecticut Cooperative Extension System and several partners to assess NIPF owners' knowledge levels and needs in these areas. It reports on the results of a mail survey to NIPFs and on the implications those results have for future research and educational efforts. The results and implications should be applicable in other states where high land values and land fragmentation are important issues. North. J. Appl. For. 11(2):47-52.


1990 ◽  
Vol 20 (11) ◽  
pp. 1804-1810 ◽  
Author(s):  
Michael D. Skinner ◽  
W. David Klemperer ◽  
Robert J. Moulton

This study explores the relationship between the number of foresters providing assistance to nonindustrial private forest (NIPF) owners in the southern United States and the NIPF acres planted with pine. For the year 1985, for 29 substate zones in 12 southern states, data were gathered on numbers of NIPF assistance foresters by four types, NIPF acres planted with pine, and several other variables thought to influence levels of pine planting. Using this data, a cross-sectional regression analysis was unable to demonstrate a significant south-wide effect of technical assistance on NIPF tree planting when all significant variables were included in the equations. Within the range of data gathered, equations showed that additional cost sharing and the accompanying forestry assistance should increase reforestation, but added forestry assistance alone is less likely to influence reforestation. Some previous studies support our results, others do not. In the future, if better data on the relevant variables are gathered, more definitive conclusions might be reached about the effects of technical assistance on NIPF reforestation.


2005 ◽  
Vol 29 (3) ◽  
pp. 135-142 ◽  
Author(s):  
Jianbang Gan ◽  
Ellene Kebede

Abstract This study identifies factors influencing the decisions to harvest timber and request assistance by African-American forestland owners in Alabama's Black Belt. A multivariate probit model is estimated using landowner survey data to predict the landowners' interrelated behavior in timber harvesting and request for technical and financial assistance. The size of forestland holdings, existence of management plans, and occupation of landowners are significantly related to timber harvesting. Landowners who have a management plan are more likely to seek technical and financial assistance. In addition, importance of timber production and contribution of forestland to household income affect the landowners' request for technical assistance, while age influences their decisions to seek financial assistance. Timber harvesting is positively correlated with seeking technical assistance, which is positively associated with seeking financial assistance. In general, these landowners tend not to seek assistance. Our results show some similarities as well as differences between African-American forestland owners and general nonindustrial private forestland (NIPF) owners. More successes in reaching out to African-American forestland owners would be achieved through incorporating their uniqueness and constraints in future program design and implementation and by initially targeting those who have a management plan or a desire to develop one, rely more on forests for income, and are more inclined to timber production. South. J. Appl. For. 29(3): 135–142.


2003 ◽  
Vol 18 (2) ◽  
pp. 127-132 ◽  
Author(s):  
Norman E. Elwood ◽  
Eric N. Hansen ◽  
Paul Oester

Abstract Management planning can help NIPF owners identify goals and constraints, assess resource potentials, and prioritize management activities. Interestingly, however, only a small percent of owners nationwide have management plans. This note reports characteristics of Oregon NIPF owners, their ownerships, and their opinions and practices concerning management planning. Connections among various owner/ownership characteristics and management plans/planning are discussed, including ownership size and objectives, owner age, family involvement, plan development, obstacles to planning, and plan use, results, and updating. West J. Appl. For. 18(2):127–132.


1988 ◽  
Vol 5 (4) ◽  
pp. 265-270 ◽  
Author(s):  
Patrick C. West ◽  
J. Mark Fly ◽  
Dale J. Blahna ◽  
Eugene M. Carpenter

Abstract Personal contact is more effective than targeted mailings or mass media in transmitting specific NIPF management advice, and in gaining adoption of that advice by NIPF owners, based on a survey of 220 NIPF owners in northern Lower Michigan. Interpersonal influence by friends, neighbors, and relatives was equally important as contact with professional foresters as a source of NIPF management advice. Peer influence was a significant source of advice about timber management and timber harvesting. This advice had about as much effect on adoption as advice given by private sector foresters, and a greater effect than advice given by state or federal forestry professionals. These findings suggest that investment in communications strategies should emphasize programs of targeted personal contact. However, recognizing the importance of lay peer influence implies that foresters should contact opinion leaders in the community first, and gain their approval so that informal influence among friends and neighbors of NIPF will be as positive as possible. North. J. Appl. For. 5:265-270, December 1988.


1995 ◽  
Vol 10 (2) ◽  
pp. 66-71 ◽  
Author(s):  
David A. Cleaves ◽  
Max Bennett

Abstract A survey of nonindustrial private forest (NIPF) landowners in Western Oregon was analyzed to gain insights about their harvesting activity. Past participation in harvesting, harvest type, and future intentions for harvest were related to ownership size, tenure, residence, form of organization, method of acquisition, occupation, age, and income. Thirty percent of the respondents reported harvesting at least once during the 1979-1989 period. Higher rates of harvest participation were found for larger ownership sizes, longer tenure, corporate organization, farm ownership, and higher personal income. At least some of the influence of size on reported participation came from the natural tendency of larger ownerships to have a greater variety of acres eligible for harvest. Ownership size combined with a variety of demographic factors--tenure, residence, form of organization, acquisition method, occupation, and income--influenced whether the harvest was a clearcut or a commercial thinning. Commercial thinning and thinning/clearcutting combination harvests were more common than clearcutting. Landowners were generally willing to harvest in the future; more than two-thirds of the NIPF acreage is controlled by owners with definite harvest plans. Owners who reported no intentions to harvest had little past harvesting activity. The predominance of thinning and other forms of partial cutting by smaller NIPF owners may indicate opportunities to improve the condition of NIPFs through assistance in selective cutting. West. J. Appl. For. 10(2):66-71.


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