Current issue: 54(2)
The result of forest valuation depends heavily on the interest rate and hence determining the rate of interest for forest is the one of the most important tasks of forest valuation.
When defining the interest rate for forests, we need to take into account not only the common interest rate in the country, but also other factors. Those are for example the increase in timber price. By calculating the land expectation value we assume that costs for felling, regeneration and other management will rise by same percent.
The article presents the common formula of land expectation value and discusses its pros and cons. Because of the bad condition of Finnish forests, the forest valuation has not been used widely in practice and hence also the research on theme has been minor. The development of the forests in future will make the theme more relevant.
The volume 34 of Acta Forestalia Fennica is a jubileum publication of professor Aimo Kaarlo Cajander.
The aim of the study is to generate yield tables that enables calculating the stumpage values of the forests in different ages. The article investigates the diameter distribution of a stand at the breast height and their changes with the age of the stand. In an even-aged stand the calculating of the stumpage value is based on height and breast height diameter. Hence the diameter distribution of a stand determines the stand volume, the stem frequency distribution series can be used as the basis of compiling the yield tables, in which the volume is the main factor.
The study is based on spruce and pine mensuration data from Finland, pine stands from Prussia, and spruce stands from mountainous area of Switzerland. The article presents the characteristics of stem frequency distribution series based on the data. The studied characteristics are arithmetic middle, dispersion, asymmetry (skewness) and excess.
It can be recommended to create tables that show the different developments for age classes. Based on such tables the expected value of the stand can be calculated in practical forest management. Determining a general value of a stand in different forest site types would be important for forest valuation and forest statistics.