Students are introduced to timber products economics, timber production economics, and products economics as these concepts relate to general forestry principles and the economy. Students understand the importance of timber to the Georgia and the U. S. economies. Emphasis on lumber, plywood, and other wood product industries will also be stressed, especially on factors that influence timber production and taxes on timber, lumber, plywood and other wood products. Additionally, timber demand, supply, price, policy and multiple use of timber as they relate to recreation, wildlife, water and watershed management, and other uses such as Naval stores will be discussed. Students are supervised on an individual basis by an appropriate faculty member.
Students complete an original research manuscript for presentation and discussion.
Students study the organization, financing, and management of various types of cooperatives and purchasing associations. Special emphasis is given to the analysis of principles, practices and problems unique to cooperatives, their structure and performances. Students engage in periodic discussions of papers presented by senior agricultural economics majors related to current issues affecting agriculture. Specifically, emphasis is placed on the market structure and how it operates and the nature of newsprint quotes and real-time interactive price quotes on selected commodities.