Definition: Consumption value method

Category: Land estimation

Method to value standing timber. According to this method different stumpage prices are used for the various categories of timber in terms of both species and age or diameter classes. These stumpage prices are applied to the respective stocks (per species and per age or diameter class) in order to calculate the total value of the standing timber. http://ec.europa.eu/eurostat/product?code=KS-GQ-14-012&mode=view