Dealing with Forest Fire Risk in Forest Valuations
Forest fires are a significant disturbance and damage agent in both natural and plantation forests. This is most evident in sub-tropical and arid regions that include some of the world’s most important plantation growing areas. Plantations in these regions are at considerable risk of fire damage. This is due to local climatic conditions, the evolutionary history of the plantation forestry species regularly used, and an increasing rural human population (Strydom and Savage, 2016). A myriad of other factors including global heating, the pre-eminence of invasive vegetation, and the variable quality of land management means that the probability of significant fires is likely to be increasing (Forsyth et al., 2010). The impact of the changing climate means that managers in areas that until recently would have deemed the risk of fire damage to be insignificant are now finding that they are faced with an increased threat of forest fires that can be existential for some commercial forestry businesses.