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    Author(s): Darius M. Adams; Richard W. Haynes
    Date: 1991
    Source: Res. Pap. PNW-RP-435. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 61 p
    Publication Series: Research Paper (RP)
    Station: Pacific Northwest Research Station
    PDF: View PDF  (3.0 MB)

    Description

    This paper presents an aggregate regional model of the National Forest timber supply process and the interaction of National Forest and non-National Forest supply in determining regional stumpage prices and harvest volumes. Model simulations track actual behavior in the Douglas-fir regional stumpage market with reasonable accuracy; projections for the next two decades suggest that little real appreciation in stumpage prices will occur, that cut and bid prices will fluctuate around each other, and that the ratio of uncut volume to sold volume will gradually decline and stabilize at somewhat lower levels than were observed during the 1960s and 1970s.

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    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Adams, Darius M.; Haynes, Richard W. 1991. National forest timber supply and stumpage markets in the western United States. Res. Pap. PNW-RP-435. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 61 p

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    Keywords

    market model, timber supply, National Forest timber sales, bidding, forecasting, econometrics

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