Under a system of private property, could a 60-year-old owner of a tree farm benefit by planting and caring for a crop of Douglas firs, most of which will not be ready to harvest for 50 years?
a. No, the farmer will be dead before the crop will be ready for harvest.
b. Yes, the farmer will benefit from increased valuation of the land as the trees grow and the harvest moves closer.
c. No, the value of the land will decline since the farmer is taking it out of production for the next 50 years.
d. Yes, but only if the project is subsidized by the government or private conservation groups