Abstract:We propose that:(1)To price natural resources is the prerequsite for implementing sustainable development.(2)To establish complete operable compensation system for forest ecological benefits is the basis of sustainable forestry.(3)Using long-term measurement of forest ecosystems,together with relative data provided by forest resource inventory,hydraulic and meterorological departments,we estimate the various forest benefit values of Heilongj iang Province,including those for visible and invisible products. Transferring the“products”to currency value using equivalent replacement of beneficial products for currency and standard dimension,the total value is 498.687×108 yuan which takes up 32.7% of the total annual average provincial production(1522×108 yuan).In the total forest benefit value,the ratio of visible (economical)to invisible(public benefits)product value is 1:5.83.(4)The total annum compensation value for visible products is calculated,based on national and provincial situations,to be 13.79×108 yuan, and that for invisible 83.78×108 yuan.At last we put forward different compensation approaches and shared value depending on various compensation hosts.