Direct Use Value of Lat Krathing Forest Plantation, Thailand Direct Use Value of Lat Krathing Forest Plantation, Thailand
Santi Suksard, Narongchai Chonlapap and Pasuta Sunthornhao
Direct use value is the main benefit on economic value of forest plantations that is an important for decision-making in management and investment. This research purpose for the direct use value in the 20,422.04 rais at Lat Krathing forest plantation (LKFP) area in Chacheongsao province, Thailand. There were stumpage values, agroforestry system, non-timber forest products and research benefit. Different methods were used to calculate each purpose of the direct use value. The market price method were used for calculated stumpage values, agroforestry system and non-timber forest products, and the individual travel cost method was used for calculated the research benefit. The stumpage values, agroforestry system and non-timber forest products values were 167,044,876 Baht per year, 86,336,609 Baht per year and 306,742 Baht per year, respectively. The research benefit value was 224,276 Baht per year. Therefore, the total direct use value of the LKFP in 2017 was 253,912,503 Baht per year.