Abstract

Forest management affecting most of the world's forests is based on the implementation of forestry interventions. Their execution requires preliminary preparation based on technical documents, submission of the administrative procedures, and the execution of the forest harvesting. Market value of wood is achieved by determining the most probable transformation value. It is obtained as the difference of the revenues derived from the sale of marketable timber net of all the costs involved in transforming the tree into salable products. The chapter provides a theoretical framework of the evaluation approaches and the calculation methods of the timber value, considering the different forms of assignment of the forestry intervention to the logging company, as well as the types of ground and the types of product achievable based on the level of mechanization.

Keywords: legal aspects, transformation process steps, types of costs, stumpage value, entrusting approach
