Forests sustain life, shape economies, and face mounting pressures from a rapidly changing world. Yet the economic forces driving forest management decisions are too often overlooked in professional training. Forestry Economics bridges that gap by showing students how fundamental economic principles apply directly to the forests they are preparing to manage. Grounded in both theory and real-world application, the text guides readers from core microeconomic concepts like demand, supply, and financial analysis, through classical questions in forestry economics, including optimum land use and rotation age, timber demand and supply, forest taxation, and the valuation of both market and non-market forest resources. Later chapters extend the analysis into environmental economics, the structure of the forest sector, public lands and wildfire economics, international trade, and the relationship between the forest sector and economic development. Written with today’s forestry students in mind, Forestry Economics takes an accessible, student-centered approach that fosters genuine comprehension. Drawing on examples from both the United States and Canada, and aligned with Society of American Foresters accreditation standards, each chapter supports the development of professional competencies that foresters put to work every day.
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