Developing a Practical Income Approach in Urban Forest Benefit Valuation (08-DG-11083150-017)
Grant Number
08-DG-11083150-017
08-DG-11083150-017
Identification of benefits and costs of urban forestry is a major need and a practical problem. Appraisal of large trees is commonly accomplished using a valuation formula or market comparison methods. These methods have been inconsistent and do not allow for consideration of the total array of benefits. A third standard method, income capitalization, is seldom used because cash flows are difficult to obtain and capitalization methods difficult to apply. This proposal is for developing a framework to use existing forest valuation software to value urban forests using the income approach and allowing for improved cost-benefit analysis.
Final Report Download
Project Narrative
Total Project Cost
$ 92,801
$ 92,801
=
Federal Share
$ 46,400
$ 46,400
+
Grantee Share
$ 46,401
$ 46,401
Year of Award
2008
2008
Grant Categories
Research & Human Dimensions
Research & Human Dimensions
State(s)/Region(s)
South Carolina
South Carolina
