Markku Penttinen , Matti Kinnunen

Profitability of forestry in jointly-owned forests of Northeastern Finland and Lapland.

Penttinen M., Kinnunen M. (1992). Profitability of forestry in jointly-owned forests of Northeastern Finland and Lapland. Silva Fennica vol. 26 no. 4 article id 5489. https://doi.org/10.14214/sf.a15650

Abstract

The profitability of jointly owned forest holdings in the two northernmost forest board districts of Finland was studied by means of ratio analysis. A time series of profit and loss statements and balance sheets from 33 holdings covering the fiscal years ending 1981–1990 served as the database. The studied area was 348,038 ha, the allowable cut 304,300 m³ per year and the average turnover, deflated by the wholesale price index, FIM 57.6 million per year. The key result obtained was that the average annual profit was FIM 107 per hectare and FIM 110 per m³. The time series showed that the ratios had increased significantly over the calculation period.

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Keywords
forest management; forestry; northern Finland; profitability; co-ownership; jointly owned forest holdings

Published in 1992

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Available at https://doi.org/10.14214/sf.a15650 | Download PDF