The dependence of smallholder farmers on forest resources for their sustenance and livelihoods is a major driver of deforestation and degradation of forest resources in tropical countries. Understanding the socio-economic drivers that aggravate the extraction and overexploitation of forest products is vital for designing effective forest conservation and restoration measures. This particularly holds with regard to the importance of two fundamentally opposing motivations of smallholder forest exploitation, which we label “wood extraction for need” vs. “wood extraction for greed”.