This paper reviews the problem of forest capital reproduction in the value concept from the standpoint of multi-functional model of forest management in terms of the lease relations. The theoretical formation of forest regeneration funding mechanism is based on its market organization. The concept of forest resources reproduction based on the definition of gross income is proposed. The funding mechanism of forest resources reproduction in terms of their lease is described. The proposed concept of forest capital reproduction remains one of the central ideas of Marx's economic theory that is nowadays commonly called "double-system approach" or "dual system approach", within which value and price categories are used simultaneously. The notion of forest reproduction policy is formulated. The author concludes on the need for forest reproduction policy in the Russian Federation to receive independent legal regulation with pragmatic and responsible steps to create the investment potential for the reproduction of forest resources.