News: Portfolio 2008

University of Georgia Researchers to Timberland Owners: Improve Forest Inventories or Risk Losing Billions in Timber Value

MORGANTOWN, W. Va., July 22, 2008 – Researchers at the University of Georgia’s Warnell School of Forestry and Natural Resources (Warnell) say that inaccurate forest inventories can be causing timberland owners to lose some $70 an acre, according to a study published today in the Canadian Journal of Forest Research.

 

“With some 350 million U.S. timberland acres in private hands, even a small portion of poorly managed and inaccurately assessed acreage could amount to tens of millions, if not billions, of dollars in diminished value,” said Bruce Borders, Ph.D., the author of “The value of timber inventory information for management planning.”

 

Dr. Borders said that his research team undertook a large simulation study to evaluate current timber-inventory methods, focusing on the usefulness of stand level (defined as 50 to100 hundred acres of timberland whose trees share