This ANU report proves the logging industry is worth 1/70th what the forests produce in water value.
Professor David Lindenmayer said plainly "This is really dumb economics..." Logging in the central highlands generated a tiny $29 per hectare of additional net economic activity in 2013-14. That compares to a $2,023 per hectare contribution to the state's water supply, a $2,667 per hectare contribution to agriculture and $353 per hectare from tourism.
The analysis also found the value of carbon sequestration was potentially greater than the value of logging. Based on a carbon price of $12.25 - which was the average price paid by the Commonwealth in its second direct action emissions fund auction - it estimated carbon storage could generated about $38 per hectare per year.