The economic value of fodder and fuelwood is quantified for forests in the villages of Nepal, revealing that fodder and fuelwood are about 90% of the economic value of broadleaf forests. Branches, leaves, and grass account for about one-half of the value of multiple-use forestry. By maximizing the value of the sum of timber, fodder, and fuelwood, multiple-use forestry can outperform nonirrigated agriculture. Further, managing forests for a diversity of products would help alleviate at least some of the land-use conflicts in the villages in this region.