2014 | OriginalPaper | Chapter
Farmland III: Land-Expectation Value and Timberland Valuation
Published in: The Handbook of Global Agricultural Markets
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Wood and commodities made of it have worldwide importance. The global forest area consists of 3.9 billion hectares of forestland, which is about a third of the total global land area. In 2000, the amount of round wood felled was 3.4 billion cubic meters, half of it firewood. The global production of forestry commodities was about one billion cubic meters in 2000. The export value of these commodities in world trade was USD 134,000 million and the import value USD 141,000 million.