Taxation imposes a burden on all forms of enterprise. The business of growing forests carry a reasonable share of the load. It is widely believed that the existing tax system imposes more than a reasonable share on forestry and discourages the use of private land for this purpose. This report contains the more important results of a Forest Service investigation on this subject. It presents a background of facts about the existing methods of taxation and their relation to forestry. It weighs the effects of taxation on forest management. It develops the principles of sound forest taxation.

"This study examines federal and state income, property, inheritance, and estate taxes, and also certain related financial policies, to identify the policies that create incentives or disincentives for good forest management"--Page v

Provides a framework for analysis of timber invest. and a chapter on timber tax planning. Discusses Fed. income tax considerations for timber incl.: capital costs, reforestation tax incentives, depreciation, operating exp. and the passive loss rules, timber income and capital gains, gov't. cost-share pay., casualty losses and other involuntary conversions, conservation easements, install. sales, alternative min. tax, self-employ. taxes, Xmas tree prod'n., and form of timberland ownership and bus. org'n. Explains how to research tax questions and sources of tax assistance.

Provides a framework for analysis of timber invest. & a chapter on timber tax planning. Discusses Fed. income tax considerations for timber incl.: capital costs, reforestation tax incentives, depreciation, operating exp. & the passive loss rules, timber income & capital gains, gov't. cost-share pay., casualty losses & other involuntary conversions, conservation easements, install. sales, alternative min. tax, self-employ. taxes, Xmas tree prod'n., & form of timberland ownership & bus. org'n. Explains how to research tax questions & sources of tax assistance.

Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm grounding in economics is integral to sound forestry policies and practices. This book, a major revision and expansion of Peter H. Pearse’s 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Forest Economics draws on the strengths of two of the field’s leading practitioners who have more than fifty years of combined experience in teaching forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.