@article{Straka:189899,
      recid = {189899},
      author = {Straka, Thomas},
      title = {Valuation of Bare Forestland and Premerchantable Timber  Stands in Forestry Appraisal},
      journal = {Journal of the ASFMRA (American Society of Farm Managers  and Rural Appraisers)},
      address = {2007},
      number = {387-2016-22936},
      pages = {5},
      year = {2007},
      abstract = {Rural appraisers often use Discounted Cash Flow (DCF)  analysis to value timber and timberland.  Land expectation  value (LEV) is a standard DCF analysis technique that is  applied to many timberland situations. LEV is used to  calculate the value of bare land in perpetual timber  production and is often used in the valuation of even-aged  pine plantations.  However, it can also be useful in the  valuation of premerchantable timber stands and uneven-aged  timber stands cut periodically.  The analytical techniques  appropriate to these applications are illustrated.  These  models have wide applicability in timberland appraisal  situations.},
      url = {http://ageconsearch.umn.edu/record/189899},
      doi = {https://doi.org/10.22004/ag.econ.189899},
}