Economagic Calculator
The Economagic Calculator is the companion tool for this learning
module. With the Economagic Calculator there is no need to remember
any financial formulas. You can select the type of calculation
you want to do (a built-in guide is available for help with this),
enter your information in the appropriate blanks, and the calculator
will do the rest. Use this calculator to follow along with the
examples in the lessons and when working on the lesson exercises
and activities. Economagic Calculator is a freely available online
tool that works in your web browser with no need to install any
special software.
The Economagic Calculator can perform the following calculations:
- Future values of single sums and payment series
- Present values of single sums and payment series
- Annual payments
- Net present value (NPV)
- Soil Expectation Value (SEV)
- Forest Value
- Nominal/Real interest rate conversions
The Landscape Management System is a powerful forest projection
and simulation program that integrates growth, treatment, and visualization
models under a single, user-friendly interface. With LMS you can
generate realistic computer images of what your forest looks like
and project how the forest will grow and change over time. LMS
tracks the growth of your forest for the management options you
choose, and it tracks a variety of outputs including standing and
harvested volume, stand structure characteristics, habitat quality,
carbon sequestration, economics, and many others. With LMS you
can ask “what if…” and explore the outcomes of
endless management options for your forest.
LMS includes a companion program called the Inventory
Wizard that will help you gather the basic data
from your forest that you will need to get started. LMS also
includes a companion program called Economatic, which is a
unique economic/financial analysis tool that integrates directly
with the growth and treatment models in LMS. Economatic will
automatically import harvest information from your LMS simulations
and compute a variety of economic outputs including cash flow,
net present value (NPV),
soil expectation value (SEV),
and forest value. Economatic is easy to use and it allows you
to completely customize your costs and log values.
LMS was developed at the University of Washington College of Forest
Resources where it continues to be developed in partnership with
the Rural Technology Initiative and the Yale School of Forestry
and Environmental Studies. LMS and all of its companion programs
are available for free download from http://lms.cfr.washington.edu/download/.
Financial Analysis for Forest Landowners is a forestry financial
analysis spreadsheet developed by Larry Mason at the University
of Washington College of Forest Resources. This spreadsheet takes
user-entered cost and revenue information for a forest rotation
and generates several economic and financial outputs, including
net present value (NPV)
and internal rate of return (IRR).
A sophisticated forest tax burden analysis is also available. A
copy of this spreadsheet is available for free download.
FORVAL is forestry investment analysis program provided by the
Mississippi State University Forest and Wildlife Research Center.
FORVAL is a flexible, easy to use program in which users can enter
cost and revenue information and generate a variety of forest finance
outputs, including net present value (NPV), internal rate of return
(IRR), soil expectation value (SEV), and others. FORVAL can also
do more generic financial calculations such as computing annual
payments.
FORVAL is available for free
download as a stand-alone program. An online
version is also available that will work in your
web browser.
The Timberland Decision Support System is an online financial
calculator provided by the Texas Forest Service. The TDSS offers
basic compound interest calculations (present values, future values,
etc.) as well as important forest finance outputs such as soil
expectation value (SEV). The TDSS is freely available and works
in your web browser similar to the Economagic Calculator and FORVAL
online.
TreeCents is a robust and highly customizable forestry financial
analysis program available for purchase from Forest Econ, Inc.
With TreeCents users can input a variety of management costs and
revenues and generate a number of outputs, including net present
value, soil expectation value, and others. TreeCents offers comparisons
of alternative land uses and also helps users interpret results.
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