The broader benefits provided by New Zealand’s planted forests

Authors: Richard T. Yao, Duncan R. Harrison, Michelle Harnett
Publication: New Zealand Journal of Forestry, Volume N.Z.J.For. 2016, Issue N.Z.J.For. 61(4) 2017, pp 7-15, Jan 2017
Publisher: New Zealand Institute of Forestry

Abstract: New Zealand planted forests are primarily recognised for the provision of wood and fibre and they are increasingly recognised for their contribution to the nation’s economic prosperity, environmental conservation and human well-being. The multiple contributions they provide can be viewed using an ecosystem approach. The approach can serve as a useful communications device between stakeholders. In this paper we present a case study where we applied analytic tools - the Forest Investment Framework and economic valuation - to demonstrate the full value of a planted forest estate. We show that the environmental and social values provided by the forest estate can be greater than the financial benefits. We conclude that the recognition and representation of the full value of forests in policy and decision-making is vital given the multiple benefits they provide to sustaining human society.