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- 2007361656 abstract "Forest-land managers use price data and market analysis to form expectations and make informed management decisions. There is an abundance of price data for sawtimber, but for nonsawtimber, the availability of price data is limited. This constrains the ability of forest-land managers to form reasonable price expectations for stands that contain both sawtimber and nonsawtimber. In this paper, I show that export chip prices are a reasonable proxy for nonsawtimber prices in the Pacific Northwest. This conclusion is supported by evidence of arbitrage between the chip export market and three domestic markets in the Pacific Northwest. As to the chip export market in general, I observed increasing chip prices from 1968 through 1995, a structural break in 1995 after which point we observe declining prices. I also found evidence of an inverse relationship between chip price and lumber production.".
- 2007361656 contributor B10886547.
- 2007361656 contributor B10886548.
- 2007361656 created "[2006]".
- 2007361656 date "2006".
- 2007361656 date "[2006]".
- 2007361656 dateCopyrighted "[2006]".
- 2007361656 description "Forest-land managers use price data and market analysis to form expectations and make informed management decisions. There is an abundance of price data for sawtimber, but for nonsawtimber, the availability of price data is limited. This constrains the ability of forest-land managers to form reasonable price expectations for stands that contain both sawtimber and nonsawtimber. In this paper, I show that export chip prices are a reasonable proxy for nonsawtimber prices in the Pacific Northwest. This conclusion is supported by evidence of arbitrage between the chip export market and three domestic markets in the Pacific Northwest. As to the chip export market in general, I observed increasing chip prices from 1968 through 1995, a structural break in 1995 after which point we observe declining prices. I also found evidence of an inverse relationship between chip price and lumber production.".
- 2007361656 description "Includes bibliographical references (p. 13-14).".
- 2007361656 extent "14 p. :".
- 2007361656 hasFormat "Also available on the World Wide Web.".
- 2007361656 identifier pnw%5Frn554.pdf.
- 2007361656 isFormatOf "Also available on the World Wide Web.".
- 2007361656 isPartOf "Research note PNW ; 554.".
- 2007361656 isPartOf "Research note PNW ; RN-554".
- 2007361656 issued "2006".
- 2007361656 issued "[2006]".
- 2007361656 language "eng".
- 2007361656 publisher "Portland, OR : U.S. Dept. of Agriculture, Forest Service, Pacific Northwest Research Station,".
- 2007361656 relation "Also available on the World Wide Web.".
- 2007361656 spatial "Northwest, Pacific.".
- 2007361656 subject "SD551 .B894 2006".
- 2007361656 subject "Stumpwood Prices Northwest, Pacific.".
- 2007361656 subject "Timber Prices Northwest, Pacific.".
- 2007361656 subject "Wood chips Prices Northwest, Pacific.".
- 2007361656 title "Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest / Gwenlyn M. Busby.".
- 2007361656 type "text".