ABSTRACT
We begin (section 2) with a review of the management activities associated with timber growing and harvesting, the market value of the output, and the costs of securing it. This will provide an opportunity to evaluate the economic feasibility of timber management on the central Rockies national
forests. We next take a look at water augmentation practices (section 3). Then we examine the economic dimensions of water, its uses, the price it commands in different functional and geographic markets, and whether wa tershed water augmentation practices can be employed to increase the value of the forest outputs. Our initial conclusions are tested by observing how different assumptions alter our values (section 5). Our final conclusions are then presented (section 6).
