Accountability in Forest Stewardship
Accountability is the cornerstone of professional forest management. It connects the biological work of growing timber with the economic responsibility of managing assets, tracking investments, and documenting returns. This section of Forest Econometrics organizes tools and explanations that help forest landowners, appraisers, and analysts keep their financial records accurate, transparent, and defensible.
What You Will Find in This Section
- Record Keeping — establishing and maintaining financial and silvicultural records that support ownership and tax filings.
- Managing Your Forestland’s Financial Basis — allocating acquisition costs among land, timber, and improvements.
- Original Basis & Adjusted Basis Calculators — interactive tools that demonstrate how basis changes over time.
- Capital Recovery — explanations of depletion, amortization, tax credits, and depreciation specific to forestry.
Why It Matters
Accurate financial accountability ensures that landowners pay taxes only on true profit, not on reinvested capital. It also provides the foundation for credible appraisals and valuation analyses within the FRASS Analytics system. Whether you manage a single family tract or a portfolio of properties, these pages guide you toward consistent, evidence-based financial stewardship.
This content is for educational purposes and is intended to support professional and personal forest management planning. For tax preparation or legal filings, consult a qualified professional.