| his study determined the financially optimal planting density and management regimes for loblolly pine (Pinus taeda) planted on reclaimed mined lands and NIPF lands in East Texas given the objectives of maximizing revenue from timber production and the combination of timber production and carbon sequestration. PTAEDA2, a forest stand growth simulator, was used to predict growth and yield from establishment to final harvest. Dynamic computer programming was used to perform economic analyses given current stumpage prices, management costs, and real price and cost increases. A total of 14,084,256 operable thinning and harvest schedules were calculated for real alternative rates of return of 2.5 to 15.0 percent. Soil expectation values (SEV) were used to select financially optimal schedules. Results indicate that when the value per ton of carbon is... |
