Emergent lessons from a century of experience with Pacific Northwest timber markets
By: Richard W. Haynes.
Contributors: Pacific Northwest Research Station (Portland, Or.)
Series: General technical report PNW -- GTR-747; General technical report PNW -- 747.
Publisher: U.S. Dept. of Agriculture, Forest Service, Pacific Northwest Research Station
Published: 2008
Place of publication: Portland, Or
Language: eng
Number of pages: 45
Subjects: Timber -- Northwest, Pacific; Forests and forestry -- Northwest, Pacific; Lumber trade -- Northwest, Pacific -- Forecasting
Description: Timber 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.
Notes: "April 2008."

Includes bibliographical references.

Also available on the Internet.