Robust decisions in a climate of change: what should you do tomorrow if you do not know what will be happening in 30 years?
Climate variability and the political uncertainty around possible carbon trading systems have focused attention on the impact of risk on long term planning. Researchers have published comparisons of short/long plantation regimes and integrated or simple grazing/cropping regimes under different "future scenarios" and made qualified conclusions about the expected discounted value or land rent under different scenarios. However, a plantation or a farming enterprise is not the result of a single,...[Show more]
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|Source:||New Zealand Journal of Forestry|
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