... watering Maintenance:- weed control, fertilizing, pruning and thinning, fire and pest protection Inflows:wood; commercial thinning, final harvest non-wood; flora gathering, recreation, land ... Evaluation Criteria The Land Expectation Value(LEV) model is applied in preference to the NPV model Key Parameters in Forestry Models Establishment:- land, land preparation, plant stock, planting, ... usage and fashion changes Sovereign risk: regulatory changes, taxation changes, uncertain harvest rights Predicting Cash Flows The key growth indicator is the Mean Annual Increment 20 Years of...