Impacts of Climate Change on Economics of Forestry and Adaptation Strategies in the Southern United States
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This article analyzes the impacts of different levels of forest productivity scenarios, disturbance
risk, and salvageable rates resulting from climate change on the economics of loblolly
pine in the southern United States. Potential adaptation strategies examined include reduction
in planting density and use of slash pine instead of loblolly pine. Economic returns are most
sensitive to changes in disturbance risk and productivity changes as compared with the
salvage rate, planting density, or species selection. Loblolly pine with low planting density
economically outperforms high-density loblolly pine. Slash pine is generally a less viable
option compared with loblolly pine in most cases.