Natural Resource Economics Commons^™

Black Walnut Plantations In West Virginia: Maximizing Financial Returns Through Decision Modeling And Cash Flow Analysis, Erin Duffy Shaw

Graduate Theses, Dissertations, and Problem Reports

The purpose of this study was to identify the management strategies that lead to maximum financial returns from a black walnut plantation. To evaluate a selection of plantation establishment scenarios, thinning treatments, and product objectives, an Excel-based black walnut financial model was updated and revised. Key updates to the model included incorporating three cash flows for 1) the collection and wholesale of black walnut sap, 2) producing black walnut syrup, and 3) leasing black walnut trees for tapping. Additionally, outputs from the Forest Vegetation Simulator were integrated into the model’s growth and yield projections as a means of more accurately …