Forest Resource Valuation and Pricing

Forest resource valuation and pricing involves determining the economic worth of forests and their products, such as timber, non-timber goods, and ecosystem services like clean air and water. Professionals assess factors like market demand, growth rates, and environmental impact to establish fair prices. This process helps ensure sustainable management and conservation, balancing economic interests with ecological health. By understanding the value of forests, stakeholders can make informed decisions about land use, conservation efforts, and resource development, promoting both economic and environmental sustainability.