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Timber Risk Management.pdf

P2911_web.pdf
Preview of Timber Risk Management
🔗 Source: extension.msstate.edu
📊 Size: 303 KB
📄 Pages: 4 pages
⬇️ Downloads: 126

Summary

Family forest landowners face various risks, including fluctuating timber prices, pests, liability, and harvest restrictions, as well as extreme weather events like tornados, hurricanes, and fires. To mitigate these risks, landowners can consider two types of insurance: standing timber insurance, which covers mature timber against specific perils, and reforestation insurance, which covers the cost of replanting after a catastrophic event. Standing timber insurance premiums can range from 0.5% to 1.5% of the timber's value, while reforestation insurance premiums are determined by factors like location and coverage level. Landowners should consider their budget, insurance needs, and revenue dependence when deciding whether to purchase insurance.

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Description

Family forest landowners face various risks, including fluctuating timber prices, pests, liability, and harvest restrictions, as well as extreme weather events...

Technical Information

  • File Format: PDF
  • File Size: 303 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 126
  • Last Updated: 4 weeks ago

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