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National forest timber supply and stumpage markets in the western United States.Author(s): Darius M. Adams; Richard W. Haynes
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
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DescriptionThis 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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CitationAdams, 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
Keywordsmarket model, timber supply, National Forest timber sales, bidding, forecasting, econometrics
- Alternative supply specifications and estimates of regional supply and demand for stumpage.
- Deriving local demand for stumpage from estimates of regional supply and demand.
- Stumpage price projections for selected Western species.
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