Current issue: 54(2)
Under compilation: 54(3)
The article discusses use of felling value in determining the value of growing stock. It has been argued that use of felling value to calculate value for a forest holding usually leads to too high values. Consequently, when setting a price for growing stock, felling value should be applied only for such parts of the property that can be sold immediately at a current price.
The article describes in detail assessment of the felling value, first using timber assortments of the stand, and second, by conducting the felling value using parameters affecting the value, such as volume and tree species of the stand. An assessment method was developed to calculate the value by using structure of a cubic metre of timber in a stand. The structure was determined using data of the national forest inventory in Finland. Finally, the article discusses application of the method.
The PDF includes a summary in German.
The Moscow Peace Treaty created a need to calculate values of large forest areas in Finland, such as the value of the private and state forests lost in the Second World War, or value of the remaining forests and the value of forests to be assigned to the evacuees. The article describes principles of evaluation of large forest areas. It concludes that use of felling value of the trees is the right method only if felling of the whole tree stand and sale of the wood is actually possible. If these prequisites cannot be fulfilled, the right method to evaluate the forest area is yield in terms of value. When calculating the yield in terms of value, also other incomes and costs related to fellings should be included.
The article includes an abstract in German.