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Chip prices as a proxy for nonsawtimber prices in the Pacific Northwest.Author(s): Richard W. Haynes
Source: Res. Note PNW-RN-537. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 25 p
Publication Series: Research Note (RN)
Station: Pacific Northwest Research Station
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DescriptionThe heavy focus on Pacific Northwest saw-log prices makes it difficult for land managers to develop price expectations for stands that contain both sawtimber and nonsawtimber logs. This raises the question: What is a reasonable proxy (or measure) for nonsawtimber prices in the Pacific Northwest? One such proxy is export chip prices, which serve as a reasonable measure of value in three ways. First, they reflect the underlying trends in all chip markets. Second, they reflect expected patterns of market arbitrage. Third, they help to explain seasonality and cyclical variation in the chip market.
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CitationHaynes, Richard W. 1999. Chip prices as a proxy for nonsawtimber prices in the Pacific Northwest. Res. Note PNW-RN-537. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 25 p
KeywordsPrices, stumpage, nonsawtimber, sawtimber, proxy, chip prices
- Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest.
- Stumpage prices, volume sold, and volumes harvested from the National Forests of the Pacific Northwest Region, 1984 to 1996.
- Volume and average stumpage price of selected species on the national forests of the Pacific Northwest region, 1973 to 1984.
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