Open AccessThe Opportunity Cost of Forest Land Losses to Agricultural Uses: An Alberta Case Study
Author(s) -
W. E. J. Phillips,
Glen W. Armstrong,
James A. Beck,
K. Banskota
Publication year - 1988
Publication title -
the forestry chronicle
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.335
H-Index - 49
eISSN - 1499-9315
pISSN - 0015-7546
DOI - 10.5558/tfc64035-1
Subject(s) - opportunity cost , agriculture , production (economics) , yield (engineering) , agricultural land , agroforestry , land area , land use , production cost , business , natural resource economics , agricultural economics , forestry , environmental science , environmental protection , geography , agricultural science , economics , engineering , civil engineering , mechanical engineering , neoclassical economics , archaeology , macroeconomics , materials science , metallurgy
A methodology for determining the opportunity cost of removing land from timber production is presented. The value of forested land in a jurisdiction that requires some form of sustained timber yield is based on the value contribution of that land to annual allowable cut. This methodology is used in a case study in the Peace River region of Alberta to determine the opportunity cost of removing an area of the region from timber production for potential expansion of the agricultural land base.
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