Forecasting and forestry planning

This paper presents a reconsideration of the methodology of preparing long term projections for forestry planning in Australia. It is argued that the general approach to long term forestry planning has not been guided by the rationality of economics. In attempting to develop an economic dimension in such planning a number of deficiencies in information and areas for future research in forest economics have become apparent. A conceptual model of the economics of a State forestry/sawmilling sector is presented and discussed as an alternative planning framework.