Skip to Main Content
Stumpage market integration in western national forestsAuthor(s): Jean M. Daniels
Source: Res. Pap. PNW-RP-586. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 27 p.
Publication Series: Research Paper (RP)
Station: Pacific Northwest Research Station
Download Publication (1.7 MB)
DescriptionThis study presents results of statistical tests for stumpage market integration on 62 national forests in the Western United States. Quarterly stumpage prices from 1984 to 2007 obtained from cut and sold reports for USDA Forest Service Regions 1, 4, 5, and 6 (Northern, Intermountain, Pacific Southwest, and Pacific Northwest, respectively) were analyzed to establish the presence and extent of national forest timber markets. Statistical evidence suggests that prices from the Beaverhead-Deerlodge and Salmon-Challis Forests and the Kootenai and Idaho Panhandle Forests are linked and that only these two sets of forests can be modeled as integrated stumpage markets. Aside from these four forests, there is no evidence that the law of one price holds for national forest timber markets in the West.
- Visit PNW's Publication Request Page to request a hard copy of this publication.
- 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.
CitationDaniels, Jean M. 2011. Stumpage market integration in western national forests. Res. Pap. PNW-RP-586. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 27 p.
KeywordsStumpage prices, national forest
- Stumpage prices, volume sold, and volumes harvested from the National Forests of the Pacific Northwest Region, 1984 to 1996.
- Federal Timber Restrictions and Interregional Arbitrage in U.S. Lumber
- Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest.
XML: View XML