Articles containing the keyword 'land value'

Silva Fennica Issue 92 includes presentations held in 1956 in the 8th professional development courses, arranged for forest officers working in the Forest Service. The presentations focus on practical issues in forest management and administration, especially in regional level. The education was arranged by Forest Service.

This presentation discusses different ways to determine the price of growing forest stock in settlement farms. The Settlement Act describes the main principles for the evaluation of forests. The growing stock of forest land has been devided into valueable and small timber. Construction timber and valuable trees are marked separately, and small timber is estimated by line survey. According to the act, the total price of a farm should be only what a sensible buyer would pay for it. Therefore, the value must be reduced to a reasonable price if the added value of the different parts is too high considering, for instance, the location of the farm and construction and clearing costs.

• Klemetti, E-mail: vk@mm.unknown

Silva Fennica Issue 92 includes presentations held in 1956 in the 8th professional development courses, arranged for forest officers working in the Forest Service. The presentations focus on practical issues in forest management and administration, especially in regional level. The education was arranged by Forest Service.

This presentation describes the directions of Ministry of Agriculture in Finland, issued in 1947, concerning evaluation of settlement farms and supplementary lots. The new direction differs from the old ones especially in the evaluation of small timber. Arable land has to be valued at a price corresponding to its forest yield value. As it is a prequisite for the profitability of a new farm, the writer points out that such land should be valued at higher price than a corresponding forest land. A way to count out the price is presented.

• Johansson, E-mail: ej@mm.unknown

Silva Fennica Issue 92 includes presentations held in 1956 in the 8th professional development courses, arranged for forest officers working in the Forest Service. The presentations focus on practical issues in forest management and administration, especially in regional level. The education was arranged by Forest Service.

This presentation concerns the evaluation of forest land to be surrendered for a settlement farm. According to the Settlement Act, state land surrendered for settlement purposes should fetch the price that any sensible buyer would pay in buying the land. The prices used in evaluation are, however, still the prices of 1944. A new method for calculating the yield in terms of value of forest land has been developed by professor Yrjö Ilvessalo, based on the König-Faustman formula. This method is described in Tapio Forestry Manual.

• Linnamies, E-mail: ol@mm.unknown

In acquiring land for the population displaced by the Second World War, the forest had to be priced, according to the Land Reclamation Act of 1945, separately for land and timber. Technical defects in the growing stock were to be taken account in the form of a total reduction in the value of the stock. Generally, it was to be 5-15% of the total value. The present investigation aims at checking the reduction percentages.

When the reduction in the felling value of the growing stock caused by the defects is estimated, the reduction is defined for each timber assortment, and the total reduction is calculated from these values. The timber assortments have big variation in prices, therefore defects in the most valuable assortments can have big effect on the total value of the growing stock. According to the study, the decree implementing the Land Reclamation Act did not in some cases allow for price reductions for defects on a sufficiently small scale to correspond to real conditions.

The Acta Forestalia Fennica issue 61 was published in honour of professor Eino Saari’s 60th birthday.
The PDF includes a summary in English.

• Salo, E-mail: es@mm.unknown

A major after-use option for former peat harvesting areas has been afforestation. The profitability of afforestation with Scots pine trees (Pinus sylvestris L.) was studied in two 31–32-year old experiments in southern and northern Finland. The stands were established by seeding and planting, and various fertilization treatments and drainage intensities were tested. The financial performance for each plot was assessed in three steps. First, the costs occurred during the measurement time were summed up according to their present value. Then, for the rest of the rotation (i.e., from the age of 31/32 onwards) the stand management was optimized in order to maximize the net present value (MaxNPV). Finally, bare land values (BLVs) were calculated by summing up the present value of costs and the MaxNPV and converting the sum of the series into infinity. The afforestation method did not affect the mean annual increment (MAI; 9.2–9.5 m³ ha^–1 a^–1) in the southern experiment. In the northern experiment the afforestation method, ditch spacing and fertilization had significant effects on the MAI of the stands. The average MAI of the planted pines was 8.9 m³ ha^–1 a^–1, and for seeded pines it was 7.5 m³ ha^–1 a^–1. The BLV at an interest rate of 3% was positive for all stands in both regions. In the northern region afforestation method, ditch spacing and fertilization also had a significant effect on the BLV. When the interest rate was 5%, almost two thirds of the stands had a negative BLV in both regions.

• Aro, Natural Resources Institute Finland (Luke), Bioeconomy and environment, Itäinen Pitkäkatu 4A, FI-20520 Turku, Finland E-mail: lasse.aro@luke.fi
• Ahtikoski, Natural Resources Institute Finland (Luke), Natural resources, Paavo Havaksentie 3, FI-90570 Oulu, Finland https://orcid.org/0000-0003-1658-3813 E-mail: anssi.ahtikoski@luke.fi
• Hytönen, Natural Resources Institute Finland (Luke), Natural resources, Teknologiakatu 7, FI-67100 Kokkola, Finland http://orcid.org/0000-0001-8475-3568 E-mail: jyrki.hytonen@luke.fi