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Emergent lessons from a century of experience with Pacific Northwest timber markets.Author(s): Richard W. Haynes
Source: Gen. Tech. Rep. PNW-GTR-747. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 45 p.
Publication Series: General Technical Report (GTR)
Station: Pacific Northwest Research Station
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DescriptionTimber markets in the United States are areas where timber prices tend to be uniform because of the continuous interactions of buyers and sellers. These markets are highly competitive, volatile, and change relentlessly. This paper looks at how market interactions in the Pacific Northwest have responded to changes in underlying determinants of market behavior and government actions that have influenced supply or demand. Several messages emerge from timber markets about price reporting and changing definitions of price, long-term price trends, timber as an investment, impacts of market intervention, relations among different markets, and implications for future stewardship. The enduring message is that landowners and managers respond to price signals arising from market interactions, and their actions create the forests inherited by future generations.
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CitationHaynes, Richard W. 2008. Emergent lessons from a century of experience with Pacific Northwest timber markets. Gen. Tech. Rep. PNW-GTR-747. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 45 p.
KeywordsTimber markets, stumpage prices.
- Stumpage prices, volume sold, and volumes harvested from the National Forests of the Pacific Northwest Region, 1984 to 1996.
- The rise and fall of the Pacific Northwest log export market.
- Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest.
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