Solid timber recovery and economics of short-rotation small-diameter eucalypt forestry

This report was prepared for Future Forests Research Ltd (FFR) by Scion.

Authors:

Dean Satchell, Sustainable Forest Solutions, R.D. 1 Kerikeri, Northland 0294. +64 9 4075525

James Turner, Scion, Private Bag 3020 Rotorua 3010. +64 7 3435899

Date: June 2010

Appendix 1: Assumptions in Discounted Cash Flow Analysis
Appendix 2: Prices and values of timber in New Zealand used for estimating board prices
Appendix 3: Timber grading
Appendix 4: Sawmilling methodology
Appendix 5: Glossary of terms
Spreadsheet 1: Kaingaroa Compartment 1194 E. regnans economic value (Microsoft Excel macro-enabled workbook 3.6 MB)
Spreadsheet 2: Optimal rotation and stocking for E. regnans (Microsoft Excel macro-enabled workbook 864 KB)

Treegrower article »

References and web links

Alzamora, R.M. and Apiolaza, L.A. 2010: A hedonic approach to value Pinus radiata log traits for appearance-grade lumber production. Forest Science 56(3): 281-289

AS 2796.2 - 2006: Timber - Hardwood - Sawn and milled products. Part 2: Grade description. Standards Australia.

Bain, J. 1978: Lyctus brunneus (Stephens) (Coleoptera: Lyctidae). A powder-post beetle. New
Zealand Forest Service, Forest and Timber Insects in New Zealand.

Bootle, K. R. 1983: Wood in Australia: Types, properties and uses. McGraw-Hill book company, Sydney, N.S.W., Australia.

Brown, G. 1997: Growth responses to thinning in eucalypt regrowth forests. Tasforests Vol. 9. Forestry Tasmania.

van der Colff, M. and Kimberley, M. 2005: Modelling Eucalyptus Fastigata growth in New Zealand. Eucalypt Cooperative REPORT No: 3. 20pp.

Cubbage, F. Koesbanda, S. MacDonagh, P. Rubilar, R. Balmelli, G. Olmos, V. de la Torre, R. Murara, M. Hoeflich, V. Kotz, H. Gonzalez, R. Carrero, O. Frey, G. Adams, T.,Turner, J.A. Lord, R. Huang, J. MacIntyre, C. McGinley, K. Abt, R. and Phillips, R. 2010: Global timber investments, wood costs, regulation, and risk. Biomass and Bioenergy (in press).

Deadman, H. and Hay, A.E. 1987: Eucalypts - selecting high quality crop trees. What's new in forest research, 155. Forest Research Institute, Rotorua New Zealand.

Frederick, D.J. Madgwick, H.A.I. and Ologer, G.R. 1982: Wood basic density and moisture content of young Eucalyptus regnans grown in new Zealand. New Zealand Journal of Forestry Science l2(3): 494-500.

Haslett, A.N. 1984: Utilisation of New Zealand-grown eucalypts. Forest Research Institute What’s New No. 122: 4pp.

Haslett, A.N. 1988: A guide to handling and grade-sawing plantation-grown eucalypts. New Zealand Forest Research Institute, FRI Bulletin No. 142. Ministry of Forestry, Rotorua, New Zealand.

Haslett, A.N. 1988(2): Properties and utilisation of exotic specialty timbers grown in New Zealand Part V: Ash eucalypts and Eucalyptus nitens. Forest Research Institute, Rotorua, New Zealand.

Hayward, W.J. 1988: The NZFP Forests Ltd Eucalyptus Regnans Growth Model. Management of Eucalypts Cooperative, Report No. 4.

Jones, T.G. McConnochie, R.M. Shelbourne, C.J.A. and Low, C.B. 2010: Sawing and grade recovery of 25-year-old Eucalyptus fastigata, E. globoidea, E. muelleriana and E. pilularis. New Zealand Journal of Forestry Science 40: 19-31.

Kibblewhite, R.P. Riddell, M.J.C. Shelbourne, C.J.A. 2000: Variation in wood, kraft fibre and handsheet properties among 29 trees of Eucalyptus regnans, and comparison with E. nitens and E. fastigata. New Zealand Journal of Forestry Science 30(3): 458-474.

MAF. 2008: Forest product imports to New Zealand years ended 30 June 2004 to 2008 and Annual Sawn Timber Statistics. Compiled by Monitoring and Evaluation, Innovation and Research policy, Ministry of Agriculture and Forestry. http://www.maf.govt.nz/statistics/forestry/annual/annualimports.htm

MAF. 2009: Production of planted production forest rough sawn timber for all species, year ended 31 March 2009. Compiled by Monitoring and Evaluation, Innovation and Research policy, Ministry of Agriculture and Forestry. http://www.maf.govt.nz/statistics/forestry/annual/sawn.htm

Maclaren, P. 2005: Realistic alternatives to radiata pine in New Zealand – a critical review. New Zealand Journal of Forestry 50: 3-10.

McKenzie, H. M. and Hawke, A. E. 1999: Growth response of Eucalyptus regnans dominant trees to thinning in New Zealand. New Zealand Journal of Forestry Science 29(2): 301-310.

Miller, J. T. Hay, A. E. and Ecroyd, C.E. 2000: Introduced forest trees in New Zealand: recognition, role and seed source. 18. The ash group eucalypts. Forest Research Bulletin No. 124 Part 18, 58p.

Nicholas, I. 2008: Economic analysis. In: Nicholas, I. (ed) Best Practice with Farm Forestry Timber Species No. 2: Eucalypts. NZFFA Electronic Handbook Series P 94-96
http://www.nzffa.org.nz/special-interest-groups/eucalypt-action-group/

Turner, J.A. West, G.G. Dungey, H.S. Wakelin, S.J. Maclaren, J.P. Adams, T.H. and Silcock, P.A. 2008: Managing New Zealand planted forests for carbon – a review of selected management scenarios and identification of knowledge gaps. A Report Prepared for the Ministry of Agriculture and Forestry by Scion. Ministry of Agriculture and Forestry, Wellington. http://www.maf.govt.nz/climatechange/slm/grants/research/2007-08/2008-09-summary.htm

Vermaas, H.F. 1995: Drying eucalypts for quality: material characteristics, predrying treatments, drying methods, schedules and optimization of drying quality. In: Seminário Internacional de Utilização da Madeira de Eucalipto para Serraria. P 119-132.

Washusen, R. 2009: Sawing patterns and sawing lines for processing young plantation eucalypt. In: SawTech, Melbourne.

Washusen, R. and Clark, N. 2005: Integration of sawn timber and pulpwood production. In: Ferguson, I. and Nambiar, E.K.S. (ed) New forests: wood production and environmental services. CSIRO Publishing, Collingwood, Vic. Australia. P 185-208.

Washusen, R. Davis, S. Hingston, R. Menz, D. Morrow, A. and Reeves, K. 2004: Processing pruned and unpruned Eucalyptus globulus managed for sawlog production to produce high value products. Forest & Wood Products Research & Development Corporation.

Washusen, R. Harwood, C. Morrow, A. Northway, R.,Valencia, J.C. Volker, P. Wood, M. and Farrell, R. 2009: Pruned Plantation-Grown Eucalyptus nitens: Effect of Thinning and Conventional Processing Practices on Sawn Board Quality and Recovery. New Zealand Journal of Forestry Science 39: 39-55.

Washusen, R. Harwood, C. Morrow, A. Valencia, J.C. Volker, P. Wood, M. Innes, T. Ngo, D. Northway, R. and Bojadzic, M. 2008: Eucalyptus nitens thinning trial: solid wood quality and processing performance using conventional processing strategies. Forest and Wood Products Australia.

Washusen, R and Innes, T. 2008: Processing Plantation Eucalypts for High-Value Timber. In: Brown, A.G. and Beadle, C.L. (eds) Plantation Eucalypts for High-Value Timber: Enhancing investment through research and development. Rural Industries Research and Development Corporation. Kingston, ACT, Australia. P 92-109.
 

Disclaimer: This report has been prepared by New Zealand Forest Research Institute Limited (Scion) for Future Forests Research Limited (FFR) subject to the terms and conditions of a Services Agreement dated 1 October 2008.The opinions and information provided in this report have been provided in good faith and on the basis that every endeavor has been made to be accurate and not misleading and to exercise reasonable care, skill and judgement in providing such opinions and information. Under the terms of the Services Agreement, Scion's liability to FFR in relation to the services provided to produce this report is limited to the value of those services. Neither Scion nor any of its employees, contractors, agents or other persons acting on its behalf or under its control accept any responsibility to any person or organisation in respect of any information or opinion provided in this report in excess of that amount.