A major activity of forest industry is supplying their mills with wood. There are four options for wood procurement: fee land, lease land, landowner assistance programs, and open market. The task of the corporate planner is to allocate the limited budget among these options in such a way that the needed volumes of wood are procured at the least cost. A methodology has been developed to aid in this capital budget in process and has been incorporated in an easy-to-use computer program.
Kronrad, Gary D.; Franklin, C.; and de Steiquer, J.E., "Evaluating Landowner Assistance Programs and Other Wood Procurement Options" (1985). Faculty Publications. 351.