Crops, cows or timber? Including carbon values in land use choices

▶ Optimal rotation age of plantation including carbon and stock values is 34 year. ▶ Carbon price $4.4 t−1 CO2 e and discount rate 6% are thresholds for plantations. ▶ If carbon and stock values are excluded, plantation is the least profitable option. ▶ If carbon and stock values are included, plantation is the most profitable option.