Skip to Main Content
Due to a lapse in federal funding, this USDA website will not be actively updated. Once funding has been reestablished, online operations will continue.
The speculative shadow over timberland values in the U.S. SouthAuthor(s): David N. Wear; David H. Newman
Source: Journal of Forestry 102(8):25-31
Publication Series: Scientific Journal (JRNL)
View PDF (1.0 MB)
DescriptionIn well-functioning markets, forestland prices capture a wealth of information regarding current as well as anticipated uses of land and resources contained on it. They reflect the valuation of current uses and incorporate information regarding productivity, standing timber capital, and the effects of taxes that apply to land and production. Land prices are speculative by definition, so they also incorporate information regarding anticipated future uses of the land and resources. A study of spatial patterns of assessed forestland prices in Georgia shows rising nontimber values in certain locations and suggests shifts in the future use of land and resources. As expected, land prices anticipate future development of forested land at the periphery of urbanizing areas. Rising timberland values also portend changes in land uses in some more rural counties. In these areas, it appears that low-density residential growth and recreational values are having an impact on the uses of timberland that is greater than previously thought. These findings provide some insights into the causes of ongoing shifts in ownership of forested land between industry, individuals, and equity concerns. Anticipated population and income growth in the South could hold important implications for both the supply of timber and the conditions of forestland in a large portion of the region.
- You may send email to firstname.lastname@example.org to request a hard copy of this publication.
- (Please specify exactly which publication you are requesting and your mailing address.)
- 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.
CitationWear, David N.; Newman, David H. 2004. The speculative shadow over timberland values in the U.S. South. Journal of Forestry 102(8):25-31
Keywordsland use, conservation planning, forest ownership, property assessment, land markets
- Forestland development and private forestry with examples from Oregon (USA).
- An analysis of the timber situation in the United States: 1952 to 2050.
- SOFRA and RPA: two views of the future of southern timber supply.
XML: View XML