Abstract
SUMMARY Social forestry in the Indian state of Orissa is evaluated within the framework of stated socio-economic policy objectives, taking into account both distributional equity and efficiency aspects. Socio-economic profitability and optimum rotations are determined for village woodlots and institutional plantations for three site qualities (SQI, SQII and SQIII) on the basis of three criteria: net present value, land expectation value and annualised land rent. Socio-economic benefits are large in SQI and SQII but if social forestry is to be socio-economically profitable in SQIII it should use consumption-oriented funds diverted from rural development programmes.
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