Skip to Main Content
The annual increase of Northeastern regional timber stumpage prices: 1961 to 2002Author(s): John E. Wagner; Paul E. Sendak
Source: Forest Products Journal 55(2):36-45
Publication Series: Scientific Journal (JRNL)
Station: Northeastern Research Station
PDF: Download Publication (1.63 MB)
DescriptionAnnual percentage rates of change for Northeastern regional sawtimber and pulpwood stumpage prices were estimated for the period 1961 to 2002. In addition, we examined if there have been any changes in the annual percentage rate of change during the same period. The results showed that the real (nominal) annual percentage rates of change for hardwood sawtimber and softwood pulpwood stumpage prices were 4.6 percent (8.5%) and 0.7 percent (4.6%), respectively. Annual real hardwood pulpwood stumpage prices increaed at 0.6 percent while annual nominal hardwood pulpwood stumpage prices increased at a faster rate during 1961 to 1981 than during 1982 to 2002; namely, 7.3 vs, 1.6 percent, respectively. Annual nominal softwood sawtimber stumpage prices increased at 5.2 percent while annual real softwood sawtimber stumpage prices increased at a slower rate during 1961 to 1981 than during 1982 to 2002; namely, 0.6 vs. 2.2 percent, respectively. This research indicates that an average landowner holding an average mix of hardwood sawtimber could reasonably achieve a 4.6 percent annual increase in the revenue from a future sale of that sawtimber due to real price appreciation alone. The same landowner may achieve greater or lesser gains depending on species composition, structure, age, and density of the stand combined with prudent forest management choices. While the annual percentage rates of change described here may not reflect the slumpage markets of a specific sub-state region or individual property, they may provide a forestry consultant with additional infomation to help compare potential returns from forest management to other uses of a landowner's capital such as mutual funds,stocks, and bonds.
- Check the Northern Research Station web site to request a printed copy of this publication.
- Our on-line publications are scanned and captured using Adobe Acrobat.
- During the capture process some typographical errors may occur.
- Please contact Sharon Hobrla, email@example.com if you notice any errors which make this publication unusable.
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
CitationWagner, John E.; Sendak, Paul E. 2005. The annual increase of Northeastern regional timber stumpage prices: 1961 to 2002. Forest Products Journal 55(2):36-45
- New Hampshire's Stumpage and Roadside Prices: Characteristics and Trends
- Vermont stumpage price trends revisited: with comparisons to New Hampshire
- Hardwood pulpwood stumpage price trends in the northeast.
XML: View XML