Research On Mass Appraisal Of Forest Resources Assets

With the further reform of forest tenure and rapid development of forest resource asset markets in China, more and more forestry assets resources trading arises with the increasing size. The core problem of the forest resource asset trading is how to determine the price of forest resource asset, so that the appraisal of forest resource asset value that provides the value service for the property transaction of the forest resource asset is increasingly important. In practice, the traditional individual appraisal method is used in quantities of forest resource asset appraisal business in China, resulting in some problems such as poor consistency, low efficiency, high cost and time consuming, as well as the appraisal conclusion that is difficult to be accepted by the market. The introduction of mass appraisal method into forest resource asset appraisal business can properly solve the problems existing in individual assessment methods, and also provide a new path to appraise forest resource assets so as to extend the theoretical system of forest resources asset appraisal.Based on the researches at home and abroad on the mass appraisal of forest resource assets, through a thorough review of research progress and development at home and abroad, the paper discriminates the connotation of concepts relating to the mass appraisal of forest resource assets, analyzes the problems in the practice of individual appraisal of forest resource assets, and explores the applicability of mass appraisal method of forest resource assets in order to design the overall framework of mass appraisal of the forest resource assets. According to the factors affecting the characteristics and values of forest resource assets in northeast forest area, using actual data of forest tenure reform from some state-owned forest farm in Heilongjiang Province, the paper presents the model for mass appraisal of forest resource assets in the Northeast forest area through an empirical analysis, and proposes the specific measures for promoting the development of the external environment for mass appraisal of forest resource assets.The research results show the main factors affecting the appraisal value per unit young forest include stand age, average tree height, number of trees per hectare, forest production cost over the past three years, tree species, and those affecting the appraisal value per unit immature forest include stand age, average DBH, average tree height, growing stocks per hectare, sales price of timber, outturn percentage of timber, tree species, timber operating costs (inclusive of taxes), and those affecting the appraisal value per unit mature forest include sales price of timber, timber operating costs (inclusive of tax), growing stocks per hectare, average tree height, average DBH, outturn percentage of timber, load distance, and tree species. Due to the difference among the factors affecting the appraisal value per unit young, immature and mature forest resource assets, the mass appraisal models should be built for the young, immature and mature forests respectively. The empirical results of the above models indicate explanatory variables such as number of trees per hectare, natural logarithm of stand age and average DBH, dominant tree species exerting a significant impact on the appraisal value per unit young forest, those such as timber sales price, natural logarithm of stand age and growing stocks per hectares, and dominant tree spices on the appraisal value per unit immature forest, and those such as timber sales prices, natural logarithm of growing stocks per hectare, average DBH, natural logarithm of outturn percentage of timber and dominant tree species on the appraisal value per unit mature forest. Furthermore, in order to promote the development of mass appraisal of forest resource assets, the vocational qualification system of "Certified Public Valuers (Forestry)" and level-to-level management of forest resource asset appraisal institutions should be established, while deepening the forestry system so as to stimulate social demand, implementing classification management of forest resource asset appraisal and value accounting, increasing forest resource asset appraisal personnel training, and accelerating the forestry information so as to build external environment such as the data platform for the mass appraisal of forest resource assets.