Forestry as an investment 2015 (provisional)

According to preliminary data, the real return on assets in wood production from private forests amounted to 2.5 per cent in 2015. The return was 2.4 percentage points lower than the average for the five preceding years.
Considering the income components, income from wood sales increased the return by 3.6 percentage points, the value of net growth of growing stock by 1.2 percentage points, and state subsidies for wood production by 0.1 percentage points. The drop in real stumpage prices reduced the earnings by 1.7 percentage points and the cost of wood production by 0.6 percentage points.
Compared to the five preceding years, the fact that the real change in stumpage prices in 2015 was negative (-1.7 %-points), but 0.7 percentage points positive increased the returns.

Investment return in wood production (deflated using the cost-living index)

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