Economic Research Institute Study paper
Utah State University
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Forest lands provide numerous things adding to the social, cultural, and economic aspects of life for many people including fuel, water, forage, stabilization of shifting sands, protection of catchment areas, soil erosion and flood control, watershed, habitat for wildlife, and sites for outdoor recreation. Because of their large area and wide geographic dispersion, they are also important in maintaining the natural environment. They are the source of timber, an important industry in many parts of the world. Products made from trees affect everyone, including those who may never have the opportunity to enjoy the natural beauty of a forest or to participate in forest-based recreation.
Bhattacharyya, Rabindra N.; Snyder, Donald L.; and Biswas, Basudeb, "The Optimal Forest Rotation: Some Economic Dimensions" (1985). Economic Research Institute Study Papers. Paper 427.