The Supply Side. Pine Sawtimber Markets and the Future of the Southern Forest Resource. Bob Abt
|
|
- Samuel Bishop
- 6 years ago
- Views:
Transcription
1 The Supply Side Pine Sawtimber Markets and the Future of the Southern Forest Resource Bob Abt Karen Abt (USFS), Christopher Galik (Duke) NCFA New Bern 1
2 My Research Focus Bio economic assessment at a spatial scale and in a time frame that is useful for strategic public and private decision making Focus on economic fundamentals applied to detailed forest resource projections Usually take current inventory, growth, and removals as a starting point to model supply over time Then look at the impact of various demand scenarios Energy demand scenarios and carbon consequences dominate current research NCFA New Bern 2
3 Southern Forest Resource Assessment Consortium American Forest Management Georgia Pacific Plum Creek American Forest & Paper Hancock Timber Resource Group Rayonier Association Arborgen Huber Engineered Wood Products Regions Timberland Group International Paper Resolute Forest Products Electric Power Research Institute Kapstone Resource Management Service Environmental Defense Fund Larson & McGowin RockTenn Enviva Lupold Consulting Southern Company Forestland Group MeadWestVaco Timberland Investment Resources F2M National Council for Air and Stream Improvement Potlatch NCFA New Bern 3
4 OUTLINE Supply Situation Overview Plantation Trends Age class structure Projecting Impact Pellets, Residues, and Sawtimber Linkages Growth/Removals vs. Sustainability NCFA New Bern 4
5 FOREST LAND NCFA New Bern 5
6 90% Private NCFA New Bern 6
7 Plantation acres have leveled out in most states NCFA New Bern 7
8 In the South, rural land shifts between forest and agriculture >5% Ag to For >5% For to Ag NCFA New Bern 8
9 Forest rents are low Ag rents are high CORN SOYBEANS NCFA New Bern 9
10 Tree Planting in the South Southern Tree Planting, All States and Ownerships, ,000,000 2,750,000 2,500,000 2,250,000 2,000,000 1,750,000 1,500,000 1,250,000 1,000, , , , Acreage of Tree Planting Virginia Texas Tennessee South Carolina Oklahoma North Carolina Mississippi Louisiana Kentucky Georgia Florida Arkansas Alabama Source: USFS, GFC, TMS Fiscal Year NCFA New Bern 10
11 AGE CLASS STRUCTURE NCFA New Bern 11
12 NCFA New Bern 12
13 Current Plantation Age Class Structure State Totals Mask Big Local (Timbershed) Differences Growth/Removal Implications NCFA New Bern 13
14 Update to 1990 Areas where G/R < 1 in 1990 (21 survey units) Why Growth/Removals Ratio Is Not a Good Sustainability Measure In the long run harvest shifts to lower price regions (vice versa) so that growth drain moves through cycles. SRTS captures this effect since inventory decreases lead to higher prices and less harvest over time (vice versa). Ray Sheffield NCFA New Bern 14
15 PROJECTING AGE CLASS STRUCTURE NCFA New Bern 15
16 An Example: Timber Famine Meets Wall of Wood Bob Abt, Karen Abt, Ray Sheffield, and Mac Lupold. The Plot: First: plant a lot of trees, then stop planting trees. Next: have a big housing recession when all those trees we planted reach sawtimber size. Next: increase demand for pine pulpwood when the trees we didn t plant reach pulpwood size. NCFA New Bern 16
17 Current Plantation Age Class Structure NCFA New Bern 17 The Supply Side of Too Much or Too Little
18 Projecting Inventory by dbh class Take 2008 based FIA inventory and removals by dbh class and project it out. Age Class Distribution (in growth and out growth) dominates biological growth rates South Carolina (index 2008=100) Georgia (index 2008=100) Totals look fine Product equilibrium requires small roundwood to expand from 9 to 13 dbh NCFA New Bern 18
19 PST Wall of Wood Due to Planting Spike (AL, FL, GA) Wall of Wood due to planting surge AL FL GA PSW Inventory by Scenario Increase in PST inventory due to recession NCFA New Bern 19
20 Q: What s the inventory impact on PST price recovery? A: BIG ALFLGA w/inventory effect (WoW affects price and removals) ALFLGA no inventory effect (what if the WoW didn t affect price) PST prices slow rebound PST prices rebound NCFA New Bern 20
21 Q: What s the inventory impact on PST price recovery? A: Southwide Not as BIG, but real ALFLGA pine sawtimber Southwide pine sawtimber NCFA New Bern 21
22 What we can say about pine sawtimber? In many areas of the South growth exceeds removals because: 1990 s planting boom is now sawtimber Recession in housing means prices down 40%, production/harvest down 30% Pine sawtimber inventories are expanding quickly projected 20% higher southwide NCFA New Bern 22
23 What we can say about pine sawtimber? Why is this important: Landowners are postponing sawtimber harvest until prices recover Build up in inventories will dampen prices when demand recovers Low pine sawtimber prices are the best predictor of how forest and agriculture compete for land in the South. Low pine prices/high agriculture prices mean less timberland. Postponed harvest means drop off in planting will continue through recession NCFA New Bern 23
24 What we can say about Why is this important: pine pulpwood? Logging residue potential is overstated Biomass will compete for pulpwood Pulpwood supply is price inelastic (prices will react more than harvest) Even high pulpwood prices can t justify timberland ownership, especially with high ag rents. Key question is price sensitivity and feedstock flexibility of pulp, osb, and pellets NCFA New Bern 24
25 How can a strong housing recovery change things? SAWMILL RESIDUE/PELLET DEMAND INTERACTION AS HOUSING RECOVERS NCFA New Bern 25
26 Housing Starts and SYP Lumber data from F2M NCFA New Bern 26
27 Pellet Demand 19 mil grn tons Source: Forisk Consulting NCFA New Bern 27
28 Traditional Product Production Trends Southern Coastal States 24 milgrntons Announced Pellet Capacity = 20% of 2009 total pulpwood consumption in coastal states 72 milgrntons Source: USFS FIA TPO PPW prices and production up during recession NCFA New Bern 28
29 My Thoughts on Pellet Feedstock Demand Will it use mainly logging residues? Residue label can be self fulfilling Will it use surplus supply due to low recession demand? Surplus is in pine sawtimber not pine small roundwood (in the South) Could be true around closed hardwood pulp mills (Franklin Courtland) Not recession driven long term decline in writing/publishing papers Not true in pine pulpwood market Will use sawmill residue? Already fully utilized Will not compete with pulpmills or OSB plants? Varies by region, but usually they do compete In my view, pellets don t need to apologize for competing for roundwood. Provides income which keeps land in timber and encourages timber management/supply response NCFA New Bern 29
30 My Thoughts on Logging Residues Logging Residue advantages Clear and easy to understand carbon advantage Reduces competition with traditional industry Potential cost advantage Value added to harvesting operation Logging Residue disadvantages Concentrates demand (near high cost roundwood) Significantly expands procurement circle Supply Uncertainty (tail wagging the dog) Limits supply response (can t manage for residues) Apparently not feedstock of choice Limits renewable potential Subject to business cycle fluctuations NCFA New Bern 30
31 SE Atlantic Coastal Plain Linking PST production and PPW demand Pine roundwood pulpwood demand has increased through the recession Partly due to having to offset decreased sawmill residues with roundwood Increasing pellet demand is potentially adding demand and price pressure to small roundwood Housing recovery should alleviate some of this pressure How much difference does it make? NCFA New Bern 31
32 SE Atlantic Coastal Plain Focused on the 7 coastal plain survey units, where most pellet demand is located. NCFA New Bern 32
33 SE Atlantic Coastal Plain NCFA New Bern 33
34 Assumed Demand Trend Pine sawmill residue offset calculated as % of increase from starting point NCFA New Bern 34
35 PST/Pellet Feeback Scenarios Run baseline demands for region Add 8mil green tons of pellet demand Run 3 PST residue to PPW demand scenarios No feedback 30% 50% NCFA New Bern 35
36 Baseline Results No Demand Increase (mpconst.prj) Baseline Demand Increase NCFA New Bern 36
37 Biomass Results Baseline Biomass (70% pine) NCFA New Bern 37
38 Biomass Results NCFA New Bern 38
39 No Feedback 30% Feedback NCFA New Bern 39
40 No Feedback 50% Feedback NCFA New Bern 40
41 NCFA New Bern 41
42 Pellet Conclusions Southeast capacity significant and likely to rise, primarily due to EU. Adds demand for small roundwood. Until sawtimber recovers, and final harvest picks up, planting unlikely to recover. NCFA New Bern 42
43 Business Cycles vs. Longterm Trends Timing and scale of housing recovery will potentially drive the next 20 years of plantation supply. Could extend or shorten decreased planting due to delayed harvest Sawtimber prices best empirical predictor of replanting decision Robust recovery will immediately provide some relief from shortage of small pine roundwood due to sawmill residue feedback. NCFA New Bern 43
44 GROWTH VS REMOVALS AND SUSTAINABILITY NCFA New Bern 44
45 Growth/Removals vs. Sustainability Basically G/R as a measure of sustainability assumes that if you know the current slope of the inventory trend (going up vs going down), you know where you are going to end up (sustainable or un sustainable) Southern forestland and plantation area are price responsive (extensive margin) Plantation management intensity is price responsive (intensive margin) Current age class distribution is skewed (so current growth has little connection to future growth) Removals are dynamic spatially and over time (high harvest and declining inventory implies higher prices, which shifts procurement in the short run [SR] and influences capacity changes in the longrun [LR]) Product definitions are technology and price dependent (SR CNS is now being used to cover pulpwood constraints, LR e.g. OSB and curved sawing developed to utilize available resource) Southern G/R is dynamic and appears to go through 20 year cycles NCFA New Bern 45
46 In the beginning (of the plantation economy) Survey Units in Yellow had G/R < 1 Ray Sheffield NCFA New Bern 46
47 G/R cycles within 10 years average was above 1 Ray Sheffield NCFA New Bern 47
48 Management Intensity Inventory Increased Dramatically NCFA New Bern Ray Sheffield 48
49 Update to 1990 Areas where G/R < 1 in 1990 (21 survey units) In the long run harvest shifts to lower price regions (vice versa) so that growth drain moves through cycles. SRTS captures this effect since inventory decreases lead to higher prices and less harvest over time (vice versa). Ray Sheffield NCFA New Bern 49
50 Growth vs. Removals Today Means little in terms of long term sustainability. In an active market decreasing inventory means less supply which means higher prices. Higher prices means production moves elsewhere. Land management intensifies. Takes about 20 years. Natasha James NCFA New Bern 50
Southern Pine Tree Size Dynamics Where s the Pulpwood? (Potential Diameter-class Imbalance in Southern Pines)
Southern Pine Tree Size Dynamics Where s the Pulpwood? (Potential Diameter-class Imbalance in Southern Pines) Southern Forest Products Association Expo University 5 June 2013 Richard A. Harper, CF, RF
More informationSouthern Timber Trends 9 March 2012 Four State Forestry on The Grow Idabel, Oklahoma
Southern Timber Trends 9 March 2012 Four State Forestry on The Grow Idabel, Oklahoma Thomas G. Harris, Jr., Jacek Siry. Sara Baldwin, Jonathan Smith & Robert Simmons TimberMart-South 1 TimberMart-South
More informationForestry in Georgia: Industry and Resources
Forestry in Georgia: Industry and Resources Georgia s Forests and Forest Industry A Quantitative Description 2013 Georgia Environmental Conference Nathan McClure Georgia Forestry Commission 1-800-GA-TREES
More informationCapacity of the Louisiana Logging Industry
Capacity of the Louisiana Logging Industry Shawn Baker August 27, 2014 Louisiana Forestry Association Annual Meeting Shreveport, LA Background US Roundwood consumption fell by 27% from 2005 to 2010 (FAO
More informationHow Competitive is the Southern Timber Industry? An Examination of Georgia s Pulp and Paper Sector
How Competitive is the Southern Timber Industry? An Examination of Georgia s Pulp and Paper Sector by Thomas G. Harris, Jr. 1 Jacek Siry 2 Sara Baldwin 3 1 Publisher, Timber Mart-South and Professor of
More informationWoody Biomass as a Forest Product
Woody Biomass as a Forest Product Wood Supply and Market Implications October 2011 Commissioned by: National Alliance of Forest Owners Washington, D.C. 200011 www.nafoalliance.org Conducted by: Forisk
More informationECONOMIC IMPACT OF SC S FOREST PRODUCTS EXPORT CLUSTER
ECONOMIC IMPACT OF SC S FOREST PRODUCTS EXPORT CLUSTER 1 Economic Impact of South Carolina s Forest Products Export Cluster (March 2018) Prepared by Dr. Eric McConnell Assistant Professor Louisiana Tech
More informationSouthern timber markets have undergone
The Southern Timber Market to 2040 Jeffrey P. Prestemon and Robert C. Abt Timber market analysis of the South s predominantly private timberland finds that the 13 southern states produce nearly 60 percent
More informationNorth American Timber Outlook
North American Timber Outlook Conditions Required for a Widespread Revival North American Conference October 2017 Peter Barynin Principal Economist, Timber Copyright 2017 RISI, Inc. Proprietary Information
More informationHistorical Perspective on the Relationship between Demand and Forest Productivity in the US South
Historical Perspective on the Relationship between Demand and Forest Productivity in the US South Historical Perspective on the Relationship between Demand and Forest Productivity in the US South Hannah
More informationWooden Biomass in the Energy Sector - EU and international perspective -
Wooden Biomass in the Energy Sector - EU and international perspective - Sini Eräjää Expertenworkshop Energieholz aus dem Wald 28 September 2015 Bioenergy a new kind of sustainability challenge for forestry
More informationEmerging Markets for Forest Products: What s Hot and What s Not in Lumber and Solid Wood Products
Emerging Markets for Forest Products: What s Hot and What s Not in Lumber and Solid Wood Products H M Lupold, Lupold Consulting, Inc. Appalachian SAF, Greenville, NC January 28, 2010 2005-2009 Decline:
More informationForest Biomass Supply in the Southeastern United States Implications for Industrial Roundwood and Bioenergy Production
policy Forest Biomass Supply in the Southeastern United States Implications for Industrial Roundwood and Bioenergy Production Christopher S. Galik, Robert Abt, and Yun Wu ABSTRACT This analysis explores
More informationThe United States has a long history
The Fifth Resources Planning Act Timber Assessment A Critical Tool for Sound Stewardship Richard W. Haynes and Kenneth E. Skog ABSTRACT For the past century, national assessments of supply-and-demand trends
More informationUnited States Forest Inventory and Harvest Trends on Privately-Owned Timberlands
United States Forest Inventory and Harvest Trends on Privately-Owned Timberlands United States Forest Inventory and Harvest Trends on Privately-Owned Timberlands Prepared for: National Alliance of Forest
More informationThe Economic Impact of Privately-Owned Forests in the United States
The Economic Impact of Privately-Owned Forests in the United States The Economic Impact of Privately-Owned Forests in the United States Prepared for: National Alliance of Forest Owners Contact: Gretchen
More informationSummary Update. Contents
Contents Summary Update Timber Prices Product Prices Timberland Markets International Update Economic News The FIA Quarterly Dashboard Summary Update Timber and Product Prices Demand for sawtimber in the
More informationEast Texas Forestlands
East Texas Forestlands Curtis L. VanderSchaaf Forest Resource Analyst cvanderschaaf@tfs.tamu.edu March 2010 A copy of the East Texas Forestlands factsheet can be downloaded from: http://txforestservice.tamu.edu/econdev/pubs
More informationThe hardwood chip market is an important element of
The hardwood chip market is an important element of wood fiber raw material supply for the pulp and paper industry and other pulp-based products such as fiberboard. Hardwood chips enter the chip market
More informationTraining Needs in Louisiana s Value-Added Forest Products Industry
Training Needs in Louisiana s Value-Added Forest Products Industry Richard Vlosky Director, Louisiana Forest Products Development Center School of Renewable Natural Resources LSU Agricultural Center England
More informationUsing Landsat Imagery and FIA Data to Examine Wood Supply Uncertainty
Using Landsat Imagery and FIA Data to Examine Wood Supply Uncertainty Curtis A. Collins 1 and Ruth C. Seawell 2 Abstract: As members of the forest products industry continue to reduce their landholdings,
More informationForest Resources of the United States, 2017: A Technical Document Supporting the Forest Service Update of the 2010 RPA Assessment
Forest Resources of the United States, 2017: A Technical Document Supporting the Forest Service Update of the 2010 RPA Assessment Abstract Oswalt, Sonja N.; Miles, Patrick D.; Pugh, Scott A.; Smith, W.
More informationFutureMetrics LLC 8 Airport Road Bethel, ME 04217, USA
The Washington Post and 65 Experts that Wrote a Letter to Congress Are Wrong about Biomass for Energy By William Strauss, PhD May 2, 2016 On an April 28, 2016 the Washington Post published an editorial,
More informationAssessing the Potential for Biomass Energy Development in South Carolina
United States Department of Agriculture Forest Service Southern Research Station Research Paper SRS 46 Assessing the Potential for Biomass Energy Development in South Carolina Roger C. Conner, Tim O. Adams,
More informationForward-Looking Statement Forward Looking Statements
Potlatch Corporation Michael J. Covey Chairman & Chief Executive Officer Eric J. Cremers President, Chief Operating Officer & Chief Financial Officer June 2013 Forward-Looking Statement Forward Looking
More informationTEXAS TIMBER PRICE TRENDS
TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 23 NO. 4 July/August 2005 TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting
More informationAn Analysis of the Feasibility of Forest Biomass Production from Pine Plantations in Georgia Josh Love, Forest Utilization Department April 2011
An Analysis of the Feasibility of Forest Biomass Production from Pine Plantations in Georgia Josh Love, Forest Utilization Department April 2011 INTRODUCTION Future expansion of the biofuels, bioenergy,
More informationSOYBEANS: FOCUS ON SOUTH AMERICAN AND U.S. SUPPLY AND CHINESE DEMAND
SOYBEANS: FOCUS ON SOUTH AMERICAN AND U.S. SUPPLY AND CHINESE DEMAND APRIL 2002 Darrel Good 2002-NO.4 Summary Soybean prices during the first half of the 2001-02 marketing year were well below the prices
More informationFOREST INVESTMENT AND MANAGEMENT: A Research Update
FOREST INVESTMENT AND MAGEMENT: A Research Update Subhrendu K. Pattanayak, RTI Robert H. Beach, RTI Brian C. Murray, RTI Robert C. Abt, NC State Jui-Chen Yang, RTI SOFAC Workshop Atlanta November 2001
More informationIn 1997, the United States had 747
Private Timberlands Growing Demands, Shrinking Land Base Ralph Alig, John Mills, and Brett Butler ABSTRACT By 2050, US timberland area is projected to be about 3 percent smaller than today due to increasing
More informationSOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION?
SOYBEANS: LARGE SUPPLIES CONFIRMED, BUT WHAT ABOUT 2005 PRODUCTION? JANUARY 2005 Darrel Good 2005 NO. 2 Summary USDA s January reports confirmed a record large 2004 U.S. crop, prospects for large year-ending
More informationSeptember Investor Presentation. Jerry Richards Vice President & Chief Financial Officer. Investor Presentation
September 2017 Investor Presentation Jerry Richards Vice President & Chief Financial Officer Forward-Looking Statements & Non-GAAP Measures FORWARD-LOOKING STATEMENTS This presentation contains certain
More informationPeter J. Ince, Kenneth E. Skog (FPL) Do-il Yoo, Andrew Kramp (UW-Madison) V. Alaric Sample (The Pinchot Institute)
Peter J. Ince, Kenneth E. Skog (FPL) Do-il Yoo, Andrew Kramp (UW-Madison) V. Alaric Sample (The Pinchot Institute) North South West Timber Harvests: Softwood Sawtimber Hardwood Sawtimber Softwood Non-Sawtimber
More informationDecember Abstract
Daniel B. Warnell School of Forestry and Natural Resources Forestry, Wildlife, Water and Soil Resources, Fisheries and Aquaculture, Natural Resource Recreation and Tourism Series paper #8 Economics of
More informationDepartment of Natural Resources Forest Resource Management
WOOD BIOMASS RESOURCES IN MICHIGAN ANTHONY WEATHERSPOON Michigan Department of Natural Resources Forest Mineral and Fire Management May 22, 2008 Department of Natural Resources Forest Resource Management
More informationSummary Update. Contents
Contents Summary Update Timber Prices Product Prices Timberland Markets International Update Economic News The FIA Quarterly Dashboard Summary Update Timber and Product Prices Lumber and panel prices continue
More informationThe State of the Logging Workforce in the Southern United States
The State of the Logging Workforce in the Southern United States Dana Mitchell 1 and Erin J. Huffaker 2 Abstract There is a need to understand the current state of the logging industry. Many U.S. woods
More informationPOTLATCH CORPORATION JUNE 2012 POTLATCH CORPORATION
POTLATCH CORPORATION Michael J. Covey Chairman, President & Chief Executive Officer Eric J. Cremers Executive Vice President & Chief Financial Officer Forward-Looking Statements This presentation contains
More informationHave Financial Investors Overbid Timberland Markets?
Hancock Hancock Timber Resource Group Timberland Investor Second Quarter 20 Have Financial Investors Overbid Timberland Markets? Investors are forever concerned about buying at the top of the market. They
More informationTexas forests are. one of our state s most valuable natural resources, with unlimited environmental and economic potential for future generations.
Texas forests are one of our state s most valuable natural resources, with unlimited environmental and economic potential for future generations. James B. Hull, State Forester and Director, Texas Forest
More informationProductivity Estimates for Chippers and Grinders on Operational Southern Timber Harvests
Productivity Estimates for Chippers and Grinders on Operational Southern Timber Harvests Addison Aman, Graduate Research Assistant Shawn Baker, Research Professional Dale Greene, Professor Center for Forest
More informationInvesting in Reforestation of Loblolly Pine in the Piedmont Based on Various Future Timber Price Scenarios By: John Sunday-Staff Forester
Investing in Reforestation of Loblolly Pine in the Piedmont Based on Various Future Timber Price Scenarios By: John Sunday-Staff Forester Introduction Often, tough economic times cause the common investor
More information2017 SFI Public Summary Report. BOISE CASCADE COMPANY Sustainable Forestry Initiative (SFI) Fiber Sourcing Standard. Date: November 30, 2017
2017 SFI Public Summary Report BOISE CASCADE COMPANY Sustainable Forestry Initiative (SFI) 2015-2019 Fiber Sourcing Standard Date: November 30, 2017 Project Scope and Objectives PricewaterhouseCoopers
More informationProduction, Prices, Employment, and Trade in Northwest Forest Industries, All Quarters 2010
OF AGRICU LT URE United States Department of Agriculture Forest Service Pacific Northwest Research Station Resource Bulletin PNW-RB-260 July 2011 Production, Prices, Employment, and Trade in Northwest
More informationSummary Update. Contents
Contents Summary Update Timber Prices Product Prices Timberland Markets International Update Economic News The FIA Quarterly Dashboard Summary Update Timber and Product Prices While exports remain the
More informationHistorical Returns. for Timberland
Historical Returns for Timberland Research Notes 2003 Historical Returns for Timberland This research note uses both the John Hancock Timber Index and the National Council of Real Estate Investment Fiduciaries
More informationIMPACT OF INITIAL SPACING ON YIELD PER ACRE AND WOOD QUALITY OF UNTHINNED LOBLOLLY PINE AT AGE 21
IMPACT OF INITIAL SPACING ON YIELD PER ACRE AND WOOD QUALITY OF UNTHINNED LOBLOLLY PINE AT AGE 21 Alexander Clark III, Richard F. Daniels, Lewis Jordan, and Laurie Schimleck 1 Abstract The market for southern
More informationLouisiana's Forests and Forest Products Industries
Louisiana's Forests and Forest Products Industries Working Paper # 11 Louisiana Forest Products Laboratory Louisiana State University Agricultural Center Baton Rouge, LA Mr. N. Paul Chance Research Associate
More informationProduct Class Price per ton % Change. Pine Sawtimber $ % Pine Chip-n-Saw $ % Pine Pulpwood $ % Oak Hardwood $45 7.
STUMPAGE SPEAK http://www.lsuagcenter.com/topics/environment/forestry http://www.lsuagcenter.com/portals/blogs/stumpagespeak http://blog.forest2market.com/us-south-stumpage-price-trends-by-region-july/august-206
More informationStudy 2: Competitive Position
John Perez-Garcia, Hideki Kubota, Adam Lewis and Ivan Eastin Table of Contents Introduction...125 General Overview of Washington s Forest Sector...125 Washington s Competitiveness...127 Changes over the
More informationTEXAS TIMBER PRICE TRENDS
TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 22 NO. 1 January/February 2004 TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication
More informationForest-Based Biomass Supply Curves for the United States
Journal of Sustainable Forestry, 32:14 27, 2013 ISSN: 1054-9811 print/1540-756x online DOI: 10.1080/10549811.2011.651780 Forest-Based Biomass Supply Curves for the United States KENNETH SKOG 1, JAMIE BARBOUR
More informationExecutive Summary Georgia s forests are being sustainably managed to meet the numerous needs of our state today.
Executive Summary Georgia s forests are being sustainably managed to meet the numerous needs of our state today. To ensure our forests will continue to meet the needs of present generations and the projected
More informationBioenergy Forest Plantations September 13, 2011 Jeff Wright
Bioenergy Forest Plantations September 13, 2011 Jeff Wright Southern US Wood Bio-energy Demand is driven by: EU US Kyoto and post-kyoto carbon concerns Aging nuclear and coal electricity facilities Replace
More informationBiomass from Logging Residue and Mill Residue in East Texas, 2003
Biomass from Logging Residue and Mill Residue in East Texas, 2003 By Weihuan Xu, Ph.D., Principal Economist Burl Carraway, Assistant Department Head Sustainable Forestry & Economic Development June 2005
More informationBiomass from Logging Residue and Mill Residue in East Texas, 2005
Biomass from Logging Residue and Mill Residue in East Texas, 2005 By Weihuan Xu, Ph.D., Principal Economist Burl Carraway, Assistant Department Head Sustainable Forestry & Economic Development May 2007
More informationLife Cycle Environmental Performance of Renewable Building Materials in the Context of Residential Construction
Life Cycle Environmental Performance of Renewable Building Materials in the Context of Residential Construction Construction of Structures Manufacturing Processes Service Life and Use Forest Growth and
More informationKey Global Supply Trends & North America Market Outlook: Impacts on BC Lumber Industry
Key Global Supply Trends & North America Market Outlook: Impacts on BC Lumber Industry Russell Taylor, President International WOOD MARKETS Group Inc. Vancouver, B.C., Canada Presentation Outline 1. Global
More informationStates Use Gentle Hand in Taxing Timberland
March 2009 No. 164 FISCAL FACT States Use Gentle Hand in Taxing Timberland By Travis Greaves In the realm of real property taxation, the best-known tax is on residential property. Every U.S. homeowner
More informationInvestments. Jack Lutz. Forest Economist Forest Research Group Alton, ME. Director, Global Research FourWinds Capital Management Boston, MA
High-Energy Timberland Investments Jack Lutz Forest Economist Forest Research Group Alton, ME Director, Global Research FourWinds Capital Management Boston, MA 1 High-Energy Timberland Wind Fire Investments
More informationEnviva Pellets Cottondale, LLC 2015 SFI Public Summary Recertification Audit Report
Enviva Pellets Cottondale, LLC 2015 SFI Public Summary Recertification Audit Report The SFI Program of the Enviva Pellets Cottondale, LLC of Cottondale, FL has achieved conformance with the SFI 2015-2019
More informationPROJECTED WOOD ENERGY IMPACT ON U.S. FOREST WOOD RESOURCES. Abstract
In: Proceedings of 1st, biomass conference of the Americas: Energy, environment, agriculture, and industry; 1993; August 30-Septmnber 02; Burlington, VT, Golden, CO: National Renewable Energy Laboratory;
More informationEffects of Renewable Energy Mandates on the Sustainability of Forests in the Southeastern U.S.
Effects of Renewable Energy Mandates on the Sustainability of Forests in the Southeastern U.S. Greg Comatas 1 and Jeffrey L. Shumaker 2 Summary. The potential for renewable energy production in the Southeastern
More informationTestimony of Scott P. Jones Executive Vice President Forest Landowners Association
Testimony of Scott P. Jones Executive Vice President Forest Landowners Association February 10, 2009 10:00 A.M. 366 Dirksen Building United States Senate RE: The Renewable Electricity Standard: Implications
More informationCapacity and Capability of Mills in the Flathead National Forest Timber-Processing Area
Capacity and Capability of Mills in the Flathead National Forest Timber-Processing Area Addendum to: Timber Use, Processing Capacity, and Capability to Utilize Small-Diameter Timber Within USDA Forest
More informationHancock Timberland Investor First Quarter 2013
Hancock Timberland Investor First Quarter Pacific Northwest Log Markets and the Changing Role of Chinese Demand China s growing appetite for log and lumber imports has changed the dynamics of timber markets
More informationIntensively Managed Pine Plantations
Intensively Managed Pine Plantations QDMA Articles By: Scott Edwards, Steve Demarais, and Andy Ezell If you are like many deer hunters in the Southeast, your primary hunting area is leased from forest
More informationHancock Timberland Investor First Quarter 2012
Hancock Timberland Investor First Quarter 2012 Timberland Portfolio Allocation and the Mean- Conditional Value at Risk Mixed asset portfolio optimization using mean-conditional value at risk as opposed
More informationSPECIAL FEATURE. Cost & Cost Trends. Forestry Practices FOR IN THE SOUTH BY: REBECCA J. BARLOW AND MARK R. DUBOIS
SPECIAL FEATURE Cost & Cost Trends FOR Forestry Practices IN THE SOUTH BY: REBECCA J. BARLOW AND MARK R. DUBOIS fla_0111_costofforestry.indd 14 Landowners and land managers are taking a close look at their
More informationHow to Read This Book
Timberland Markets: Transactions, Values and Market Research 2000 2012 Tom Harris, Sara Baldwin, Jacek Siry, & Jonathan Smith Timber Mart-South Athens, GA, USA September, 2013 Authors: Tom Harris, Sara
More informationSILVICULTURE AND ECONOMIC EVALUATION OF EUCALYPT PLANTATIONS IN THE SOUTHERN US
SILVICULTURE AND ECONOMIC EVALUATION OF EUCALYPT PLANTATIONS IN THE SOUTHERN US Derek Dougherty*,a and Jeff Wright b Demand for hardwood from plantation-grown stands for pulp and bioenergy in the southern
More informationHardwood Plantations as an Investment
Hardwood Plantations as an Investment Extension SP677 Larry Tankersley, Extension Forester, Forestry, Wildlife & Fisheries, University of Tennessee, Knoxville D eciding what to do with a piece of land
More informationPREFACE ABSTRACT AUTHOR
United States Department of Agriculture Forest Service Pacific Northwest Research Station Resource Bulletin PNW-RB-190 February 1992 Production, Prices, Employment, and Trade in Northwest Forest Industries,
More informationKapStone Kraft Paper Corporation 2018 SFI Fiber Sourcing Public Summary Audit Report
Introduction KapStone Kraft Paper Corporation 2018 SFI Fiber Sourcing Public Summary Audit Report The SFI Program of KapStone Kraft Paper Corporation of Northbrook, IL has demonstrated continued conformance
More informationFuture Suppliers of Softwood Lumber to the US Market. Supply and Demand Outlook A Multi-Client Study by
Future Suppliers of Softwood Lumber to the US Market Supply and Demand Outlook 2017-2030 A Multi-Client Study by ForestEdge LLC and Wood Resources Int. LLC March 2018 Future Suppliers of Softwood Lumber
More informationAnalysis of Timberland Transactions Reveals Size Discount
Hancock Hancock Timber Resource Group Timberland Investor Third Quarter 19 Analysis of Timberland Transactions Reveals Size Discount Conventional wisdom has long held that there is an inverse relationship
More informationLoading Productivity of Untrimmed and Trimmed Pulpwood
Loading Productivity of Untrimmed and Trimmed Pulpwood Jason Thompson 1, John Klepac 1, and Dana Mitchell 2 1 Engineer, Forest Operations Research Unit, Southern Research Station, USDA Forest Service 2
More informationTEXAS TIMBER PRICE TRENDS
TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 2 March/April 2007 TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication reporting
More informationAdding Value in Forestry The Role of Industry Forestry and Rural Development
Adding Value in Forestry The Role of Industry Forestry and Rural Development NRN Seminar Robert Wilson. Jaakko Poyry Consulting 20 May 2005 Robert.wilson@poyry.co.uk Jaakko Pöyry Group Organisation Jaakko
More informationCOMPANY UPDATE NOVEMBER 2015
COMPANY UPDATE NOVEMBER 2015 FORWARD-LOOKING INFORMATION This presentation contains information and statements that are forwardlooking in nature, including, but not limited to, statements containing the
More informationASSESSING POTENTIAL GENETIC GAINS FROM VARIETAL PLANTING STOCK IN LOBLOLLY PINE PLANTATIONS
ASSESSING POTENTIAL GENETIC GAINS FROM VARIETAL PLANTING STOCK IN LOBLOLLY PINE PLANTATIONS Scott D. Roberts, Randall J. Rousseau, and B. Landis Herrin 1 Abstract Forest landowners have increasingly more
More informationAssessing Ice and Snow Storm Damaged Forest Stands
Assessing Ice and Snow Storm Damaged Forest Stands March 2014 E. David Dickens, David J. Moorhead UGA WSFNR, Brent Allen, Mark Crosby, Peyton Sapp, Pamela Sapp, Bill Tyson UGA CAES, Chip Bates and James
More informationHurricane Ike Timber Damage Assessment Texas Forest Service 17 September 2008
Hurricane Ike Timber Damage Assessment Texas Forest Service 17 September 2008 Hurricane Ike made landfall on Saturday, 13 September 2008, at 2:10 am CDT as a Category 2 storm with 105 mph winds on Galveston
More informationTree improvement has been a standard
silviculture What Are the Best Loblolly Pine Genotypes Worth to Landowners? Steven E. McKeand, Robert C. Abt, H. Lee Allen, Bailian Li, and Glenn P. Catts ABSTRACT Forest landowners in the South can realize
More informationTexas Lumber and Panel Product Market Study, 1998
Publication 159 Texas Lumber and Panel Product Market Study, 1998 Weihuan Xu Susie Shockley Texas Lumber and Panel Product Market Study, 1998 Weihuan Xu, Susie Shockley Forest Resource Development Texas
More informationWood fiber supply and demand in the United States
Wood fiber supply and demand in the United States Kenneth E. Skog Peter J. Ince Richard W. Haynes Abstract The USDA Forest Service is preparing a national assessment of supply and demand for wood fiber
More informationJohn F. Kennedy Adminisitration Collection: Records of the U.S. Office of Emergency Planning, Author Index
All Regional Offices Called and Alerted, Senior Watch Duty Began, Octcber 21, 1962, 8:20 p.m. Briefing of Agencies Having Support Functions under Department of the Treasury. Committee on Civil Defense
More informationIntrepid Potash New Capital Investments Support Future Opportunities
Intrepid Potash New Capital Investments Support Future Opportunities MMSA Colorado Section September 7, 2012 Presentation Overview Company Overview Capital Investment Overview Presentation of Select Capital
More information#2 Scope extension audit: Re-Certification Audit: Certification Audit: Surveillance Audit:
Bureau Veritas Certification North America, Inc. SFI Forest Management Audit Report 390 Benmar Drive, Suite 100 Houston, TX 77060 Phone (281) 986-1300: Toll Free (800) 937-9311 Company Name Campbell Global,
More informationAvailability of Biomass Feedstocks in the Appalachian Region
Availability of Biomass Feedstocks in the Appalachian Region Appalachian Woody Biomass to Ethanol Conference Bob Perlack Oak Ridge National Laboratory September 5, 2007 Managed by UT-Battelle Quick review
More informationABSTRACT PREFACE AUTHOR
United States Department of Agriculture Forest Service Pacific Northwest Research Station Resource Bulletin PNW-RB-199 January 1994 Production, Prices, Employment, and Trade in Northwest Forest Industries,
More informationCost and Cost Trends for Forestry Practices in the South Rebecca J. Barlow and Mark R. Dubois
Cost and Cost Trends for Forestry Practices in the South Rebecca J. Barlow and Mark R. Dubois In 1953, results of the first survey of cost estimates and changes for ten common forestry practices were reported
More informationConservation Programs: Will Grain Production Reclaim Acres in the South?
Journal of Agricultural and Applied Economics, 40,2(August 2008):559 572 # 2008 Southern Agricultural Economics Association Conservation Programs: Will Grain Production Reclaim Acres in the South? Daniel
More informationMore than half of the timber
Solid Wood Products Rising Consumption and Impor ts, Modest Price Growth Darius M. Adams ABSTRACT Based on findings of the current Resources Planning Act (RPA) Timber Assessment, residential construction
More informationSeries paper #1 Economics of growing loblolly pine to a 15-year rotation with fertilization and pine straw net revenue and rate of return
Series paper #1 Economics of growing loblolly pine to a 15-year rotation with fertilization and pine straw net revenue and rate of return December 2013 John A. Sunday 1, E. David Dickens 2, and David J.
More informationTHE 6 STEPS IN THE MFS TGTL VALUATION. Kenneth M. Laustsen Biometrician, Maine Forest Service January 23, 2017
THE 6 STEPS IN THE MFS TGTL VALUATION Kenneth M. Laustsen Biometrician, Maine Forest Service January 23, 2017 The 6 steps (all by respective geographic region ) The five geographic regions are Northern
More informationDate: Tuesday February 25 th, Name: Student #: Multiple Choice (8) Please circle the correct answer. Each question is worth one mark.
FRST 318 Midterm Examination Date: Tuesday February 25 th, 2014 Name: Student #: Multiple Choice (8) Please circle the correct answer. Each question is worth one mark. 1. Governments in North America announce
More informationSector: Market, Forest Management and Climatic Impacts-Towards an
Wood Use Increase in Construction o Sector: Market, Forest Management and Climatic Impacts-Towards an Integrated t Modeling Framework Henna Lyhykäinen y University of Helsinki, Department of Forest Economics/
More informationTEXAS TIMBER PRICE TRENDS
TEXAS TIMBER PRICE TRENDS BIMONTHLY MARKET REPORT VOL. 25 NO. 1 January/February 2007 TEXAS TIMBER PRICE TRENDS WHAT IS THE PURPOSE OF THIS REPORT? Texas Timber Price Trends is a bi-monthly publication
More informationPreliminary Report on Resource and Technology Assessment
Preliminary Report on Resource and Technology Assessment Cellulosic Biofuel Feasibility Study Presented by Mark Broses, SEH Inc. and Andy Datko, Bois Forte Development Corporation Community Meeting at
More information