Forest Landscape Assets Appraisal Based On Income Approach

As the basis of development of society and finance, forest resources are very important to ecological environment. For a long time, China hadn’t managed forest resources, as assets and the possession use of forest resources are free of charge. Forest resources were managed extensively. Besides the unclear relationship of property rights made economic ownership cannot be reflected. The development of forestry requires a lot of financial support, but forestry enterprises lack the fund guarantees of making forest management healthily. This is an urgent need to promote the reform of forest resources management and to establish a sound system of forestry management. Therefore, managing forest resources as assets has important significance practical value for effective assessment of forest resources. The key to carrying out the asset management of forest resources is a reasonable assessment of the value of forest resources.Forest landscape resources are an important component of forest ecological system. Generally the development of forest landscape is based on the development of forestland, but it takes tourism as the main purpose. The conditions that forest landscape resources can be identified as forest resource assets are not only property requirements, but also the level of local tourism development, costs and benefits. This article discusses the theory and methods forest landscape asset evaluation and aims at the selection of forest landscape asset evaluation methods and the practical application. This article also analyzes the application of main methods to assess forest landscape assets, the income approach, and highlights the selection of the discount rate in application process. Concerning the selection of discount rate, this paper mainly introduced through the capital asset pricing model and risk accumulation model to determine the risk rate of return. But due to the limited current conditions, the risk accumulation model is more suitable for the present stage forest landscape asset appraisal based on income approach. Finally, this paper combined with Z provincial forest park assessment case, detailed forecast of revenues, costs, and expenses. In addition, a simple contrast the two methods of determination of the discount rate and summarized. It is believed that the development of forest landscape asset evaluation has a certain role in promoting to our country.