Estimating timberland parcel value in the northeast United States using acreage and commercial timber value
نویسندگان
چکیده
Evaluating market value of timberland can be difficult because of the various factors that influence it. In this analysis, 58 timberland sales were obtained from Maine, New Hampshire, New York, and Vermont for the years 1998 to 2012. The data was used to assess the relationship between the sale price, commercial timber value (CTV), acreage, and other factors like distance to the nearest town. Overall, a strong relationship between sale price, CTV, and acreage was found (R = 0.71) with limited variation attributable to year or state. The developed equation may be useful for evaluating future land transactions and establishing baselines.
منابع مشابه
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