Economics of Public Forestry Incentive Programs: A Case Study of Cost-sharing in Minnesota, Volumes 309-318 |
Common terms and phrases
13 14 Assumption 7/8 percent 80 Subsidy budget acreage acres meeting alternative rate analysis annual stumpage price approach Assumption set budget 1000 dollars Chapter cost-share subsidy criteria for subsidy economic equal Estimated Sensitivity farms meeting subsidy Figure Forestry Incentives Program funding order table harvest inputs land value growth limited loan meeting subsidy allocation meeting the criteria meeting the subsidy Minnesota NIPF lands NIPF owners Number of acres number of farms optimum financial rotation output PE ratio plantings primarily present value price growth rate price inflation program benefits program effectiveness program expenditure Question r₁ rate of return ratio red pine Rotation group Rotation length secondary benefits seedlings service forester shelterbelts social costs social discount rate social efficiency social land cost social rate stumpage price growth subsidy allocation criteria Subsidy budget 1000 subsidy program timber production timber supply tion U.S. Forest Service unlimited program budget zero