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Board of Natural Resources adopts NPV baseline for East Side SHC, sets 1.7% discount rate
Summary
The Board of Natural Resources directed staff to use net present value as the objective for the East Side sustainable harvest calculation (no-action alternative) and adopted a default 1.7% discount rate tied to current forest growth; the NPV decision was unanimous and the discount-rate vote passed 5–1.
The Board of Natural Resources on Feb. 3 directed agency staff to set net present value (NPV) as the objective function for the East Side sustainable-harvest calculation (SHC) no-action alternative and adopted a default discount rate of 1.7%, the board heard.
The motion to use NPV as the objective was moved by Vice Chair Brown and approved by voice vote. Sarah Ogden, assistant division manager, framed the decision as grounded in the department’s “policy for sustainable forests,” which directs staff to analyze financial characteristics and optimize economic…
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