The provision of forest ecosystem services (such as biodiversity, water and soil protection, and recreation) is often associated with a reduction in timber harvesting. In the case of private forests, such a situation requires institutional solutions that allow the economic balance of forest management to be maintained. The aim of the study was to find out the average value of monetary compensation private forest owners would expect in case of timber harvesting restrictions. The study was conducted with a random sample of 1003 forest landowners. The average value of expected compensation ranged from PLN 2300/year/ha (which corresponds to the price of about 12 m3 of wood in Poland) under the condition of no restrictions on timber harvesting but the need to apply indicated of forest management methods, to PLN 4900/year/ha in the model assuming a total ban on harvesting. In general, higher compensation was expected by farmers who stated that they sold timber and those whose agricultural area was larger than the average in Poland. When harvesting restrictions are low, the expected compensation is influenced by the age and gender of the respondent, or the number of people in the household.