Government funding for silviculture in British Columbia has expanded recently, but remains well short of the level recommended by many foresters. This thesis contains a proposal to replace government funding with investment from capital markets. It describes the funding mechanism, analyzes the implications to government, and introduces a method of distributing investment funds through a system of competitive bidding between forest management companies. In return for their participation, investors and forest companies would both receive equity in future timber production. The thesis concludes that at a cost of foregoing 50% of its future stumpage revenue, government might replace its current spending on intensive forest management with a funding level from capital markets of $500 million to $800 million per year. / Forestry, Faculty of / Graduate
| Identifer | oai:union.ndltd.org:UBC/oai:circle.library.ubc.ca:2429/26510 |
| Date | January 1987 |
| Creators | Olivotto, Giuseppe Gerrard |
| Publisher | University of British Columbia |
| Source Sets | University of British Columbia |
| Language | English |
| Detected Language | English |
| Type | Text, Thesis/Dissertation |
| Rights | For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use. |
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