Private forest investment and softwood production in the U.S. South
A capital accounting approach is used to measure the net effects of land area change, forest type conversion, and direct investment on timber assets in the U.S. South from 1952 to 1992. The resulting measure of net forest investment indicates asset growth on the lands held by forest industry but net disinvestment on all other private lands. Results also reflect uncertainty about investment and production from this latter group. The historical analysis informs projections of forest investment to the year 2040.