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1.
Using stockpiled forage can substantially reduce livestock feed costs over the winter. However, little is known about utilizing stockpiled forage in an early-stage silvopasture system. This study was conducted to determine if silvopasture production practices utilizing stockpiled forage influence stocker steer performance. The treatments were: (1) stockpiled forage in a non-forested pasture (OPEN) and (2) stockpiled forage in a silvopasture (TREE). Grazing began early December and ended in late February in each of 2 years. Each treatment was replicated three times in a completely randomized design. Forage nutritive value, production, and steer average daily gain (ADG) for the OPEN and TREE treatments were not significantly different as long as the areas occupied by trees was excluded from analyses. When the area occupied by trees was included, the OPEN treatment produced more (P < 0.01) forage than the TREE treatment, with the OPEN producing 3510 kg ha−1 and the TREE producing 2812 kg ha−1. Average daily gain (P = 0.21) was 0.41 kg for the steers in the OPEN treatment and 0.37 kg for steers in the TREE treatment. Gain per ha was significantly different (P < 0.01); the OPEN treatment produced 193 kg of animal gain and the TREE treatment produced 125 kg of animal gain. Exclusion of the area under the tree row from the analysis changed the total gain per ha for the TREE treatment to 148 kg, but was still less (P = 0.01) than the OPEN treatment.  相似文献   

2.
Agroforestry presents an opportunity to increase land productivity and improve cash flow by combining income from crop or animal production and forestry on the same land. In addition, agroforestry offers numerous environmental benefits such as increased diversity of plants and animals, nutrient recycling, erosion control, and carbon (C) sequestration. We investigated the effect of grazing and forage enhancement on total soil C (TSC), soil nitrogen (N), and phosphorus (P) dynamics in a goat (Capra aegagrus hircus)??loblolly pine (Pinus taeda L.) silvopasture system on a Kipling silt loam soil (fine, smectitic, thermic, Typic Paleudalfs) at Epes, Alabama from 2006 to 2010. In 2007, the soil in the silvopasture plots was characterized by low pH, low TSC, and was deficient in N and P. Four years after tree thinning and after 3?years of grazing in June 2010, the silvopasture plots still depicted low soil pH (<6) and TSC levels less than 20?g?kg?1. TSC content in all the silvopasture plots in June 2010 were generally similar to levels obtained after thinning and prior to grazing in May 2007. However, soil disturbance for liming, fertilizer incorporation, and forage planting increased soil N and P levels, but resulted in lower TSC in the enhanced forage plots compared to the other treatments. Grazing increased N and P levels during the study period. Our study suggests that in the long-term, grazing without additional soil management practices can improve soil fertility through nutrient recycling and C sequestration and thereby making the goat-loblolly silvopasture system both environmentally and economically sustainable.  相似文献   

3.
Agroforestry research in central Louisiana, USA, examined the effects of agronomic cultural treatments (disk, chemical, hay, and hay-graze) on subterranean clover (Trifolium subterraneum L.) yields and slash pine (Pinus elliottii Engelm.) and loblolly pine (P. taeda L.) survival and growth. Cultural treatments appear necessary for successful production of subterranean clover in tame pastures, especially for early fall forage growth. Subterranean clover yields in volunteer swards during spring were highest on the disk and chemical treatments. Generally, pine survival and growth during the first 5 years following tree establishment were not affected by cultural treatments.  相似文献   

4.
Silvopasture is considered a sustainable agroforestry practice as a result of benefits the system offers for biodiversity, economic returns, and environmental quality. However, little is known about temporal and spatial dynamics of forage species composition of pastures being converted to silvopasture. Research objectives were to determine (1) the response of forage species composition to a young longleaf pine (Pinus palustris Mill.)-bahiagrass (Paspalum notatum Flugge) silvopasture versus open bahiagrass pasture, and (2) the impact that alley position relative to trees has on forage species composition in a young longleaf pine-bahiagrass silvopasture. The research was conducted in a randomized complete block design with three replications from 2003 to 2007 at Americus, Georgia, USA in a longleaf-pine silvopasture established in 2000 in an existing bahiagrass pasture and an adjoining bahiagrass open-pasture. Silvopasture forage-species composition was measured within alleys. Plant community diversity was greater in the silvopasture versus open-pasture early in the growing season, but open-pasture had greater diversity during the later growing season. Alley position in silvopasture also had a significant effect on understory forage species composition. This study indicated that conversion of bahiagrass pasture to longleaf-pine silvopasture in the Southern Coastal Plain can influence plant-community characteristics by the time trees are six to seven years old.  相似文献   

5.
Silvopasture is reemerging as a land use in the southern US. Alternate land use treatments based on field trials for timber and pasture for beef cattle production were financially evaluated. Multiple-use management aspects of these systems were further illustrated by the addition of fee hunting. Land Expectation Values (LEVs) were lower when silvopasture treatments were compared to steer grazing only. However, silvopasture treatments compared favorably to some grazing treatments. LEVs were higher when silvopasture treatments were compared to commercial forest plantation applications on similar sites. Silvopasture systems promote multiple-use management of the land under an environmentally friendly cropping system whereby certain types of wildlife can thrive. This is particularly relevant in light of recent increases in fee hunting in the South. LEVs were reduced by $289, $200, and $151 ha−1 at discount rates of 5%, 7%, and 9% respectively, when fee hunting was excluded in the recommended silvopasture treatment. The monetary value of a wildlife component in this system can be interpreted as the expected value gained per hectare per rotation in perpetuity when fee hunting is part of the management plan. On average, it represented an 8.6% gain in LEVs for this treatment. Results from this study support the potential for silvopasture applications in the South for private landowners. Cattle grazing of improved forage in commercially productive loblolly pine (Pinus taeda) stands can relieve annual cash flow problems inherent in tree production. This revised version was published online in June 2006 with corrections to the Cover Date.  相似文献   

6.
Hill  Jodi  Farrish  Kenneth  Oswald  Brian  Coble  Dean  Shadow  Alan 《Agroforestry Systems》2021,95(8):1735-1744

The goal of this study was to evaluate growth and nutritional characteristics of seven warm season grasses, including several natives, produced under simulated partial shading (50%) typical of loblolly pine silvopastoral systems in the southeastern United States. Forages included ‘Tifton 9’ bahiagrass (Paspalum notatum), ‘Tifton 85’ bermudagrass (Cynodon dactylon), ‘Alamo’ switchgrass (Panicum virgatum), ‘Kaw’ Big Bluestem (Andropogon gerardii), ‘Americus’ Indiangrass (Sorghastrum nutans), ‘Harrison’ Florida paspalum (Paspalum floridanum), and Nacogdoches Eastern gamagrass (Tripsacum dactyloides). Shade affected several quality parameters, including crude protein (CP) (p?<?0.0001), acid detergent fiber (ADF) (p?=?0.0413), in vitro true digestibility (IVTD) (p?<?0.0001), and total digestible nutrients (TDN) (p?=?0.0132). Shade affected the parameters differently depending on forage type, but generally improved quality by increasing CP, IVTD, and TDN; however, shade significantly increased ADF (p?=?0.0413), though the magnitude was small (344.2 vs. 351.1 g kg?1), and increases were isolated to big bluestem and bahiagrass. Shade reduced dry matter yield (DMY) (p?<?0.0001), and there were differences among forage species (p?<?0.0001). Bahiagrass and Florida paspalum showed the highest yields, regardless of shade treatment. Gamagrass and Florida paspalum would likely have performed better if harvested by days of rest, instead of by height. These could be viable forage species to a silvopasture system, but further studies should be conducted. Based on overall quality and yield, potential beef cattle gains, and persistence under intensive defoliation, the best forage was bahiagrass (introduced), and the best selections for native grasses were switchgrass and Indiangrass. These results indicate that there is potential for several warm season forages, including native grasses, to maintain productivity and quality under shade, which would increase the site-specific options for forage selections in this system.

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7.
Shade present in silvopasture systems could reduce heat stress associated with microclimatic conditions that characterize warm-weather portions of the year on the Coastal Plain of the Southeast USA. Objectives of this research were to: (1) quantify diurnal distribution patterns of landscape use and behavior of cattle in loblolly-pine (Pinus taeda) silvopasture versus open-pasture landscapes, and (2) relate observed differences in landscape use and cattle behavior patterns between the two pastures to differences in microclimatic conditions, and forage quantity and quality. The research was conducted in Chipley, Florida USA within a 5-ha cell of a loblolly-pine-bahiagrass (Paspalum notatum) silvopasture (tree age 20 year), and a 5-ha open bahiagrass pasture with unlimited access to an adjacent 1-ha wooded area. One-day observations of diurnal distribution and behavior of cattle were conducted in March, June, and September 2007; microclimatic conditions were measured, and forage quantity and quality were estimated within each landscape. Cattle utilized the landscape more evenly in the silvopasture versus the open-pasture and this difference was mainly attributed to reduced solar radiation recorded in the silvopasture. Grazing was the dominant behavior in the silvopasture while loafing was dominant in the open-pasture. Shade present in silvopasture appeared to reduce heat stress for cattle grazing during warm-weather portions of the year on the Coastal Plain of the Southeast USA. Further study is needed to determine how this reduction in heat stress influences cattle performance in southern-pine silvopasture, and the nature and extent of the interactions among animal distribution and behavior, microclimatic conditions, and forage characteristics in these systems.  相似文献   

8.
Silvopasture—the integration of trees, forage, and livestock can be established by planting trees in existing pastures. Successful tree establishment and acceptable tree growth in existing tall fescue [Lolium arundinaceum (Schreb.) Darbysh.] pastures requires a vegetation-free zone near the tree base. This study was conducted to determine how large a vegetation-free zone was necessary for the establishment of black walnut (Juglans nigra L.) in tall fescue pastures. Half-sib black walnut seeds were planted in seven different-sized vegetation-free zones [0.0 (control), 0.3, 0.6, 0.9, 1.2, 1.5, and 1.8 m radii] that were created and maintained by applying glyphosate. The study included two consecutive planting years at two locations, one in central Missouri and another in north-central Missouri. The central Missouri site was underlain with well drained, deep soil while the other site was underlain with a poorly drained soil with a defined argillic horizon. Tree height growth was greatest in 0.9-m or larger vegetation-free zones. Diameter growth was greatest in 1.2-m vegetation-free zones and larger. The results suggest that a minimum of a 1.2-m vegetation-free zone in tall fescue pastures should be used to maximize black walnut height and diameter growth in the critical first years of tree establishment.  相似文献   

9.
Soil moisture content from 0 to 2 m depth was monitored under 2–6 year old radiata pine (Pinus radiata) with three understoreys of bare ground, lucerne (Medicago sativa) and ryegrass/clover (Lolium perenne/Trifolium spp.) and under adjacent open-grown lucerne and ryegrass/clover pastures. By the fifth year soil moisture depletion/recharge pattern under the trees alone was similar to that under open pasture and under trees with pasture understoreys. Maximum plant available moisture storage was 207–223 mm in the top meter of this Templeton silt loam soil but only 69–104 mm at 1–2 m depth where coarse textures often predominated. Lucerne reduced soil moisture content (SMC) to lower levels during drier summers and extracted more water from 1 to 2 m depth than ryegrass/clover. Evapotranspiration (ET) during early summer when soil moisture was high was close to the Penman potential evapotranspiration (E p ), but the difference increased when SMC in the top meter dropped below 200 mm. The silvopasture treatments had higher ET in winter than pasture alone but this was still less than E p . Soil moisture deficits (SMD) at the end of each summer were sufficiently large to require slightly higher than normal winter rainfall and ET < E p to recharge the soil to field capacity before the next summer. The soil moisture results, taken together with root and growth data, suggest that trees and understorey pastures are complementary in the first three or four growing seasons but this balance subsequently declines in favor of the pine trees. Management options, to extend the period that understorey pastures are productive, include reducing tree stockings, more vigorous pruning, using competitive understoreys and changing from pines to deciduous trees. Research on new silvopastoral combinations is suggested.  相似文献   

10.
A study to determine the feasibility of producing forage for grazing livestock under trees was conducted as a step toward evaluating the potential for silvopasture systems in the northern and central Great Plains. The effects of overstory leaf area index (LAI), percentage understory light transmittance (LT), and soil moisture (SM) on yield and crude protein (CP) of big bluestem [Andropogon gerardii Vitman; (BB)], smooth bromegrass [Bromus inermis Leyss.; (SB)], and mixtures with birdsfoot trefoil [Lotus corniculatus L.; (BFT)] were examined. The study was conducted in both Scotch pine (Pinus sylvestris L.) and green ash (Fraxinus pennsylvancia Marsh.) tree plantations, at the University of Nebraska Agriculture Research and Development Center near Mead, Nebraska. Thirty-six plots representing a wide range of canopy cover were selected at each location and seeded in April 2000 to BB, SB, or mixtures with BFT. Measurements of LAI, LT, and SM were taken throughout the 2001-growing season and plots were harvested in June and September 2001. Soil moisture generally did not explain much of the variability in yield or CP for BB, SB, or BFT. Cumulative LAI or LT averaged over the growing season was the best predictor of yield or CP, particularly under the pine. Yields of BB and SB increased as LAI decreased or LT increased. Conversely, the CP of BB and SB increased as LT decreased for both the June and September harvests. Both BB and SB maintain relatively high productivity under partial shading; however, BFT yields were low at LT levels below 75%. At the time of the research, the senior author was research assistant, Department of Agronomy and Horticulture, University of Nebraska-Lincoln, Lincoln, NE 68853-0915.  相似文献   

11.
Tree effects on understory pasture growth in a silvopastoral system were modeled by explicit simulation of tree canopy light and rainfall interception, evapotranspiration, and nutrient uptake. The algorithms to model these effects were incorporated into a multispecies grazing simulation model, GRASIM, to form the Silvopasture GRASIM model (SGRASIM). The new model was evaluated using forage biomass data and soil moisture data collected from a silvopasture field experiment with black walnut (Juglans nigra L.). The SGRASIM model performed well in simulating the growth of three competing dominant forage species (orchardgrass [Dactylis glomerata L.], Kentucky bluegrass [Poa pratensis L.], and tall fescue [Festuca arundinacea (Schreb.)] in the pasture both under tree canopy and in open pasture (linear regression of observed on simulated biomass for the species gave r 2 values above 0.97). Model growth parameters for forage under tree canopy, compared with those for an open pasture, bear testament to the shading effects from the forest canopy in terms of reduced photosynthetic efficiency, increased leaf area ratio, and photosynthate partitioned to aboveground biomass. The new model reasonably followed the soil moisture time series in the upper soil layer (0–30 cm), where the bulk of the forage roots reside.  相似文献   

12.
Seedlings of Scots pine (Pinus sylvestris L.) and lodgepole pine (P. contorta Dougl.) provenances, as grown in Finland, were inoculated with “m”; and “r”; “forms”; of the pinewood nematode (Bursaphelenchus xylophilus) from Canada, an m form isolate from France and an r form isolate from Missouri, USA. Scots pine was highly susceptible to an Alberta r form and a British Columbia m form isolate and moderately susceptible to two Quebec m form isolates. Lodgepole pine was higly susceptible to the two r form (Alberta and Missouri) isolates and moderately susceptible to the British Columbia m form and the two Quebec m form isolates. Mortality of both pines after inoculation with the French isolate was inconsistent. Mortality of both pines occurred more rapidly following inoculation with r form than with m form nematodes. Large numbers of nematodes were generally found in the tissues of both pines. Our results with seedlings need to be corroborated by inoculating larger field‐grown trees.  相似文献   

13.
Abstract

Acute (broken and leaning) and transient (bending) damage to loblolly pine (Pinus taedaL.) were assessed in a case study of experimental agroforestry plantations following a December 2000 ice storm. Stand ages were 7-, 9-, and 17-years-old and tree density ranged from 150 to 3,360 trees ha?1 in rectangular and multi-row configurations. Wider tree spacing or lower stand density of 7-year-old trees increased stem breakage, while closer spacing increased bending. There was substantial straightening of bent 7-year-old trees 8 months after the storm, and this recovery was determined more by degree of initial bend rather than height or diameter. Nine-year-old loblolly pine had 19% more top breakage and 59% more stem breakage than shortleaf pine (P. echinataMill.) (P < 0.001). Agroforestry design influenced ice damage in 7-year-old stands, but no design had catastrophic loss. Thinning from above caused an increased susceptibility of ice damage to a 17-year-old stand compared to a nonthinned stand. The case study supports the cultivation of loblolly pine in areas prone to ice damage.  相似文献   

14.
Silvopastures may have the potential to increase forage yields beneath trees compared to open pasture at some sites. This has been attributed to a combination of factors including improved water use efficiency by shaded grass and increased water availability through hydraulic lift by trees. The objectives of this research were to determine if silvopastures changed forage mass production and available soil water, and to determine how these two factors were related. Forage mass and soil water were sampled at 1.0, 2.0, and 3.6 m from the tree stem, or plot center under honey locust (Gleditsia triacanthos L.), black walnut (Juglans nigra L.) and shade cloth in 2006 and 2007. Soil water was measured in the top 10 cm of soil using a capacitance probe, and at 30-cm intervals, from 45 to 105 cm, using a neutron probe. Forage was collected to determine dry mass and annual yield. In 2006, forage mass was greater under black walnuts and honey locusts than under 70% shade cloth. In 2007, with a 50% shade cloth, forage growth was similar in all treatments. In both 2006 and 2007, soil moisture in the top 10 cm was higher under shade cloth compared to honey locust or black walnut trees. Similarities in forage mass between treatments in 2007 indicate that the differences in soil water were not biologically significant for forage growth. Lower forage mass under the 70% shade cloth in 2006 was due to suppressed growth from intense shading. The major implication for pasture managers is that trees in these pastures had no negative effect on soil water availability and forage growth.  相似文献   

15.
The establishment of trees and associated herbaceous understorey vegetation during the afforestation of former arable lands can decrease soil erosion, increase soil fertility and diversify plantation income. This study reports on the five-year results from experimental plots of common walnut (Juglans regia L.) established in association with two different herbaceous understoreys in 1994 in central Italy. Treatments included: (i) walnut established with plastic film mulching in association with subclover (Trifolium subterraneum L.); (ii) walnut with subclover; (iii) walnut with a spontaneous herbaceous cover (grassing treatment); (iv) clean-cultivated walnut (control). Stem growth rates and the periodical changes in predawn and midday leaf water potentials of walnut, as well as the annual sward dry matter production, were measured. Over the five-years, the understorey vegetation was competitive towards trees, negatively affecting their leaf water status relative to the control, especially during mid-summer observations, with the onset of summer drought. Tree growth in the grassing treatment was slightly but significantly (p < 0.05) reduced in height in comparison to unmulched trees with subclover. Subclover competitiveness towards walnut was completely masked by the plastic mulching, so that mulched walnut with subclover had the highest cumulative stem diameter and height (+20% than control treatment). This was associated with water potentials that were never higher than the control. The subclover-mulched treatment, due to its three main advantages (highest cumulative stem growth, an annual dry matter fodder production of 6.3 t/ha, and soil erosion protection), appears to be a promising cultural model for walnut cultivation in areas without marked drought.  相似文献   

16.
The integration of forage crops in an alley-cropped system was examined as a method of encouraging tree planting to increase farm income, improve soil quality, and enhance biodiversity on Midwestern U.S. farms. Crop and tree performance were evaluated in an alley-cropped system using four forage intercrops grown in tree alleyways to simulate a potential hay crop – oat (Avena sativa L.) and red clover (Trifolium pratense L.); oat, red clover, and red fescue (Festuca rubra L.); oat, red clover, and orchardgrass (Dactylis glomerata L.); and oat and hairy vetch (Vicia villosa Roth) – compared to a herbicide, mowing and control (no management) treatment. Five tree species, divided into fast-growing hardwoods of two poplar (Populus spp.) clones [Crandon (P. alba L. × P. grandidentata Michx.) and Eugenei (P. deltoids Bartr. × P. nigra L.)], and silver maple (Acer saccharinum L.) were compared with two high-value, slow-growing hardwoods planted from seed and as seedlings: red oak (Quercus rubra L.) and black walnut (Juglans nigra L.). Tree survival in the first year was greater for the fast-growing species, and by the fourth year, tree height among the four forage treatments was equivalent for all upland locations. The oat/hairy vetch ground cover was associated with the shortest trees in the bottomland site. Herbicide-treated trees were taller than the average of the four forage treatments for all four planting conditions. Tree height in the mowing and the control treatments was not significantly different for all four planting conditions. The nutritive value of the forage crop was excellent in the second year of tree establishment, with crude protein content and digestibility at 17 and 71%, respectively, in the oat/red clover/red fescue treatment, suggesting the viability of forage crops as alternatives to herbicides in alley-cropped systems.  相似文献   

17.
Container-grown walnut seedlings (Juglans regia L.) were subjected to competition with rye grass (Lolium perenne L.) and to a 2-week soil drying cycle. One and 2 weeks after the beginning of the drought treatment, H2 18O (delta approximately equals +100%) was added to the bottom layer of soil in the plant containers to create a vertical H2 18O gradient. Rye grass competition reduced aboveground and belowground biomass of the walnut seedlings by 60%, whereas drought had no effect. The presence of rye grass reduced the dry weight of walnut roots in the upper soil layer and caused a 50% reduction in lateral root length. Rye grass competition combined with the drought treatment reduced walnut leaf CO2 assimilation rate (A) and leaf conductance (gw) by 20 and 39%, respectively. Transpiration rates in rye grass, both at the leaf level and at the plant or tiller level, were higher than in walnut seedlings. Leaf intrinsic water-use efficiency (A/gw) of walnut seedlings increased in response to drought and no differences were observed between the single-species and mixed-species treatments, as confirmed by leaf carbon isotope discrimination measurements. Measurement of delta18O in soil and in plant xylem sap indicated that the presence of rye grass did not affect the vertical profile of soil water uptake by walnut seedlings. Walnut seedlings and rye grass withdrew water from the top and middle soil layers in well-watered conditions, whereas during the drought treatment, walnut seedlings obtained water from all soil layers, but rye grass took up water from the bottom soil layer only.  相似文献   

18.
Global carbon trading may present a unique opportunity to change the rural landscape by allowing landowners to make an environmental impact with financial incentives. By enticing point source polluters to trade to an optimal level of pollution by offsetting their emissions with compatible carbon reduction projects, markets are able to facilitate a cleaner environment. Agroforestry provides a set of practices that can sequester carbon with managed tree and crop plantings. However, the initial lack of financial resources has been an obstacle to its adoption in the United States. This paper explores the potential for carbon offset trading to provide an added incentive to adopt agroforestry practices. Chicago Climate Exchange carbon sequestration projects are used as a baseline assessment, and the requirements that Missouri landowners would need to do in terms of contracting and ownership are identified. Data from landowners in central Missouri and the Ozarks (353 individuals) are used to determine characteristics of potentially interested landowners in agroforestry. A model to evaluate agroforestry profitability scenarios is used to compare the added carbon credit trading revenue to traditional alternate uses for the property. The findings from this analysis indicate that in the current context carbon trading does not provide an added incentive value for Missouri landowners to adopt either silvopasture or alley cropping practices because of the low magnitude of annual return.  相似文献   

19.
In order to successfully introduce trees into existing pastures, it is important to determine and recommend a whole range of tree establishment practices. In the spring of 1995, approximately 350 bare-root seedlings each of black walnut (Juglans nigra L.) and honeylocust (Gleditsia triacanthos L.) were planted in six randomized paddocks within a silvopastoral study area at the Agroforestry Research and Demonstration Site in Blacksburg, Virginia. Three seedling establishment studies were tested, including (1) a tree protection study, (2) a water retention study, and (3) a fertilization study. Seedlings were planted using two different tree shelters (60 cm-tall poultry wire cage and 1.2 m-tall plastic Tubex), two water retention treatments (mulch and herbicide spray), and one fertilizer treatment. All treatments were compared to untreated controls. Tree survival, damage, and stem volume were compared for each species. Tree survival was comparable among all studies over three growing seasons. Tree establishment using poultry wire and Tubex shelters resulted in significant reduction of deer damage and significant increase in stem volume from 1996 to 1998. Tubex shelters had a pronounced positive impact on tree height and also on stem form; height of both black walnut and honeylocust was twice the height of control seedlings. Mulch and herbicide treatments for moisture control resulted in significant stem volume increases over thecontrol treatment from 1997 to 1998. However, mulching was less effective than the herbicide treatment. There was no significant tree growth response resulting from fertilization during this same period. This revised version was published online in June 2006 with corrections to the Cover Date.  相似文献   

20.
This study explores the economic feasibility of several long-rotation afforestation scenarios for southern Ontario, Canada. Three species, red pine (Pinus resinosa Ait.), Norway spruce (Picea abies L.) and black walnut (Juglans nigra L.) are examined. We integrate growth and yield models, site suitability maps, and several management scenarios to investigate the investment attractiveness of these species inclusive and exclusive of carbon sequestration values. We report net present values (NPV), internal rates of return (IRR) and two break-even price metrics. For wood value only scenarios the IRRs range from 4.3 to 4.6% for red pine and 3.4–3.6% for Norway spruce (for the most attractive 10,000 ha, in a single rotation scenario). Black walnut had rates of return 3.5–3.7% for the most attractive 10,000 ha area. Adding carbon valued at Cdn $3.4 per metric ton CO2 − e (roughly 2005 prices in the Chicago Climate Exchange) increases rates of return by about 0.6% for red pine and Norway spruce and 0.4% for black walnut scenarios. Perhaps surprisingly these returns are comparable and better than 20-year rotation hybrid poplar plantations. To achieve a 6% real rate of return break-even carbon prices were $10.7/t CO2 − e for red pine, $12.6/t CO2 − e for Norway spruce and $17.2/t CO2 − e for black walnut (again for the “best” 10,000 ha). Although somewhat unremarkable, the results suggest that these longer-rotation species may be a better investment than perhaps previously expected if landowners have the appropriate site conditions.  相似文献   

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