Following up with Forest Inheritors: A Survival Analysis of Recently Inherited and Recently Sold Non-Industrial Forest Land in the State of Washington, USA

Abstract

AbstractA growing body of literature shows that the transfer of forest land from one owner to another in the US is associated with events such as parcelization of forest land and/or the subsequent conversion of the land away from forestry land use. For individuals and families who own forest land, a key driver of ownership transfer is the eventual or actual mortality of forest owners themselves. In the State of Washington as well as the US nationally, studies on forest legacy planning reveal that most forest owners want their children or grandchildren to own their forest properties after they no longer own the forest. In contrast, the same surveys also show that a majority of US forest owners acquired their forest land by purchasing the land from a non-relative. We utilize the Washington State Forestland Database to conduct a non-parametric survival analysis of how long recently inherited forest properties remain fully owned by the new owners (i.e. there is no subsequent sale associated with the property) compared to forest land that was sold. Results show that inherited parcels have a significantly lower survival probability as measured by remaining solely within the ownership of the new owner relative to parcels that were sold within an 8-year period. This study quantifies how the mode of forest transfer influences the duration of the following ownership lifecycle and indicates that stewardship efforts should be tailored for owners who have recently inherited forest lands.