Document Type

Article

Publication Date

1996

Abstract

Appraisers often use discounted cash flow (DCF) techniques to value timber and timberland. Land expectation value (LEV) is a standard DCF technique applied to many timberland situations. LEV calculates the value of bare land in perpetual timber production and is often used to value evenaged pine plantations. However, it is also useful in the valuation of immature timber stands and uneven-aged timber stands cut periodically. These models have wide applicability in timberland appraisal situations.

Comments

Straka, T.J., and S.H. Bullard. 1996. The land expectation value calculated in timberland valuation. The Appraisal Journal 64(4):399-405.

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