Scientific paper

Land Valuation with a Limited Planning Horizon

Published in: South African Forestry Journal
Volume 162 , issue 1 , 1992 , pages: 33–37

DOI: 10.1080/00382167.1992.9630433

Author(s): H. , J.E. Uys Department of Forest Science, , H. Kotze Department of Forest Science,

Keywords: Land valuation , Net Present Value , limited planning horizons , discounted cash flow

Abstract

The forestry industry in South Africa operates within a dynamic environment. Rotations are relatively short, land use conversion takes place regularly and company ownership changes frequently. Foresters in the private sector are therefore reluctant to use Land Expectation Value with its assumed infinite planning horizon as a criterion for land valuation.

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