Are the Economics of a Sustainable Maine Forest Sustainable?

Abstract

Mike LeVert, Charles Colgan and Charles Lawton discuss the transformation of the economic environment of Maine’s forests over the past two decades. Paper companies have sold most of their holdings; residential and conservation demand for land has increased; forestland prices have skyrocketed; and new classes of landowners have different strategies, objectives, and time horizons than the old industrial landowners. The authors believe that management of Maine’s forests must now address changes in the economic environment with the same intensity as threats such as the spruce budworm were addressed if we are to keep Maine’s forests as forests.