Economic Significance of Continued Improvement of Loblolly Pine Genetics and Its Efficient Deployment to Landowners in the Southern United States

The economic consequence of continuing or increasing the tree improvement efforts for loblolly pine (Pinus taeda L.) in the southern United States is immense. For the more than one million acres planted each year with germplasm from the North Carolina State University Cooperative Tree Improvement Program, the present value of continuing current tree breeding efforts and deploying the genetic gains to landowners is estimated to be more than $1.7 billion at current prices. The present value of increasing the rate of genetic gain from 1% per year to 1.1% per year is $211 million. These analyses can be used to justify maintaining and even increasing efforts in tree improvement. With the aggressive fourth-cycle breeding program underway and plans for fifth-cycle breeding and deployment strategies being developed, we have every reason to believe that this trend for at least 1% gain per year will continue for decades, provided the resources to continue tree improvement efforts remain available. Even a modest increase in genetic gain per year would be justification for stakeholders to invest more than $12 million per year to realize this gain.