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New Zealand Journal of Forestry (1963) 8(5): 786–792
©New Zealand Institute of Forestry

Research article
Economic Principles of Land Use: A Comparison of Agriculture and Forestry

J.T. Ward

Proposals for further large-scale land development in New Zealand for agriculture and forestry have focused attention upon competing demands for land and other scarce resources. The present paper outlines the basic economic principles of land use and suggests techniques, based on the concept of "land expectation values" for use in empirical studies. A case study of an area on the Canterbury Plains illustrates the application of these principles to specific problems.
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