Table 11 Average land expectation value (LEV) according to site and management strategy. The values of LEV were calculated with an interest rate of 2%, using averaged stumpage prices and harvesting costs for Baden-Württemberg for the period 2000–2016 (see Appendix Table 5). We calculated LEV in euros per hectare and averaged for the period 1980–2016. The LEV is showed as a comparison with NPV. The LEV using a 2% discount rate shows the sensitivity of the economic results to the discount rate chosen

From: Magnitude and timing of density reduction are key for the resilience to severe drought in conifer-broadleaf mixed forests in Central Europe