FM Forest Economics & Business Flashcards

Which of the following is an example of a non-timber forest product (NTFP)?

Answer: Wild mushrooms and berries

Non-timber forest products include wild-harvested mushrooms, berries, medicinal plants, ferns, and other biological materials that don't require tree felling.

A 'forest stewardship plan' is primarily used to:

Answer: Guide long-term management of private forestland to meet owner goals

A forest stewardship plan outlines management activities, schedules, and objectives for private forestland, often qualifying the owner for cost-share programs and technical assistance.

What is the primary purpose of the Tree Farm System in the United States?

Answer: Recognize and promote sustainable management of private forestland

The American Tree Farm System (ATFS) certifies private landowners who manage their forestland sustainably, providing recognition, technical resources, and access to certified wood markets.

In forest management, 'even-aged management' refers to growing:

Answer: A stand where all trees are approximately the same age

Even-aged management creates and maintains stands where all trees originate and develop at essentially the same time, typically using clearcutting, seed-tree, or shelterwood methods.

The concept of 'ecosystem services' in forest economics refers to:

Answer: Benefits forests provide beyond timber, such as water filtration, carbon storage, and recreation

Ecosystem services are the wide range of benefits—clean water, carbon sequestration, biodiversity habitat, air purification, flood mitigation—that healthy forests provide to society beyond wood products.

A 'carbon credit' in forestry markets represents:

Answer: A tradeable unit representing one metric ton of CO₂ stored or kept out of the atmosphere by forest management

Forest carbon credits represent verified reductions or removals of greenhouse gases—one credit equals one metric ton of CO₂ equivalent—and can be sold to entities seeking to offset their emissions.