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T Eric Mcconnell, Curtis L Vanderschaaf, Jason J Holderieath, Michael K Crosby, Adequacy of Timber Trespass Civil Awards: A Louisiana Case Study, Journal of Forestry, Volume 117, Issue 6, November 2019, Pages 533–542, https://doi.org/10.1093/jofore/fvz052
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Abstract
Timber trespass in Louisiana is a civil offense punishable by restitution of three times the timber’s current market value, yet whether this compensation level alone is adequate at present is unclear. We modeled a loblolly pine plantation across a range of site qualities in Louisiana. First, we estimated financial returns from a traditional sawtimber rotation using historical state timber prices that included three harvests: two thinnings and a final cut; harvest times differed by site quality. We then assumed all timber was taken at the first thinning. Net present value (NPV) determined appropriateness of compensation at 1×, 2×, and 3× stumpage revenues and was compared to the traditional rotation’s NPV. The NPVs were calculated with and without additional settlement for reforestation costs. We concluded that reforestation costs in addition to 3× stumpage value reimbursement were required to negate the effect of timber prices and better the traditional rotation’s NPV.
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