Impacts of Climate Change on Economics of Forestry and Adaptation Strategies in the Southern United States. (May 2014)

• Record Type: Journal Article
• Authors: Susaeta, Andres; Carter, Douglas R.; Adams, Damian C.
• Is Part Of: Journal of agricultural and applied economics. Volume 46:Number 2(2014)
• Page Start: 257
• Page End: 272
• Publication Date: 2014-05
• Subjects: adaptation strategies, -- climate change, -- disturbance risk, -- land expectation value, salvage; Q00, -- Q23, -- Q54; Agriculture -- economics; Agriculture -- Economic aspects -- Periodicals; Agriculture -- Economic aspects -- Southern States -- Periodicals; Agriculture -- Economic aspects -- United States -- Periodicals; Agriculture -- Aspect économique -- Périodiques; Agriculture -- Aspect économique -- États-Unis -- Périodiques; Agrarökonomik; Agrarmarkt; USA; Welt; Agriculture -- Economic aspects; United States; Periodicals; 338.10975
• DOI: 10.1017/S1074070800000778
• Languages: English
• ISSNs: 1074-0708

Abstract

Abstract : This article analyzes the impacts of different levels of forest productivity scenarios, disturbance risk, and salvageable rates resulting from climate change on the economics of loblolly pine in the southern United States. Potential adaptation strategies examined include reduction in planting density and use of slash pine instead of loblolly pine. Economic returns are most sensitive to changes in disturbance risk and productivity changes as compared with the salvage rate, planting density, or species selection. Loblolly pine with low planting density economically outperforms high-density loblolly pine. Slash pine is generally a less viable option compared with loblolly pine in most cases.