Forest plantations have expanded rapidly in response to financial support from the state and local governments and have had significant positive impacts on rural livelihoods and development in Vietnam, since the late 1980s. This study used net present value (NPV) and internal rate of return (IRR) to examine the economic performance of plantations for three species, Acacia mangium Willd, Eucalyptus (Eucalyptus urophylla S.T. Blake × Eucalyptus camaldulensis Dehn), and Manglietia conifera Dandy, in Bac Kan province. On the basis of an annual discount rate of 6%, the results showed that rural households earned positive financial returns from forest plantations with seven-year rotations. Eucalyptus generated the highest NPV but A. mangium generated the greatest IRR. The plantations were facilitated by financial support from the state, land tenure reforms, and wood exports. The results provide valuable business information and policy implications for both local farmers and policy makers. Since the farmers consider more of the short term and economic return of the plantations, the results provide valuable information for policy makers to apply subsidies and other support to promote plantations with significant ecological and environmental benefits for sustainable development of rural economies.

https://www.mdpi.com/1999-4907/11/3/284/pdf

Economic Performance of Forest Plantations in Vietnam: Eucalyptus, Acacia mangium, and Manglietia conifera

Dynamics of global roundwood prices – Cointegration analysis

Are Timber and Water Investments Safe-Havens? A Volatility Spillover Approach and Portfolio Hedging Strategies for Investors

There is rising global interest in growing more trees in order to meet growing population, climate change, and wood energy needs. Using recently published data on planted forests by country, we estimated relationships between per capita income and planted forest area that are useful for understanding prospective planted forest area futures through 2100 under various United Nations Intergovernmental Panel on Climate Change-inspired Shared Socio-economic Pathways (SSPs). Under all SSPs, projections indicate increasing global planted forest area trends for the next three to four decades and declining trends thereafter, commensurate with the quadratic functions employed. Our projections indicate somewhat less total future planted forest area than prior linear forecasts. Compared to 293 million ha (Mha) of planted forests globally in 2015, SSP5 (a vision of a wealthier world) projects the largest increase (to 334 Mha, a 14% gain) by 2055, followed by SSP2 (a continuation of historical socio-economic trends, to 327 Mha, or an 11% gain), and SSP3 (a vision of a poorer world, to 319 Mha, a 9% gain). The projected trends for major world regions differ from global trends, consistent with differing socio-economic development trajectories in those regions. Our projections based on empirical FAO data for the past 25 years, as well as those by other researchers, suggest that achieving the much more ambitious global planted forest targets proposed recently will require exceptional forest land and investment supply shifts.

/pdf/projecting-global-and-regional-outlooks-for-planted-forests-4haodhxjaq.pdf

Projecting global and regional outlooks for planted forests under the shared socio-economic pathways

A series of international initiatives have set ambitious goals for restoring global forests. This review synthesizes natural and social science research on forest restoration (FR), with a focus on ...

https://www.annualreviews.org/doi/pdf/10.1146/annurev-environ-012220-020159

Forest Restoration in Low- and Middle-Income Countries

https://www.srs.fs.usda.gov/pubs/ja/2020/ja_2020_frey_001.pdf

Mike Howard

Papers

Global timber investments, 2005 to 2017