Emergent Lessons From A Century Of Experience With Pacific Northwest Timber Markets

Timber markets in the U.S. 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 report 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. Charts, tables and graphs.

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.

This publication provides estimates of total softwood harvest by owner for Alaska for 1910-2006. This information is a mix of reported and estimated data. These data are being used to develop assumptions needed in forest planning by both public and private forest managers.

Forests throughout the world are undergoing rapid, far-reaching change as a result of natural and anthropogenic disturbances. The challenge is to manage these forests in ways that avoid formulaic approaches to complex issues. This book takes on the challenge of balancing local economies, wood products, and biodiversity by proposing diverse new approaches to forest management using new research from the moist coniferous forests of the Pacific Northwest. --

Contents: Intro.; The Changing Mgmt. Context; Previous Studies on Effects of Disturbance on Wood Quality; After the Fire: Changes in Dead and Dying Conifers; Predicting Conifer Mortality Following Fires; Types of Changes in the Wood of Dead Conifers; Insect Damage to Conifers; Stain and Decay Fungi Damage to Conifers; Factors Influencing the Rate of Deterioration; Species-Specific Changes in Wood Quality of Dead and Dying Conifers; Douglas-Fir; Englemann Spruce and White Spruce; Grand Fir and White Fir; Lodgepole Pine; Ponderosa, Sugar, Western White, and Jeffrey Pine; Subalpine Fir; Western Hemlock; Western Larch; Wood Quality Changes and Econ. Values; Visual Classification Systems; Volume and Value Loss. Conclusions.

In the United States, we have come to depend on plentiful and inexpensive energy to support our economy and lifestyles. In recent years, many questions have been raised regarding the sustainability of our current pattern of high consumption of nonrenewable energy and its environmental consequences. Further, because the United States imports about 55 percent of the nation's consumption of crude oil, there are additional concerns about the security of supply. Hence, efforts are being made to find alternatives to our current pathway, including greater energy efficiency and use of energy sources that could lower greenhouse gas (GHG) emissions such as nuclear and renewable sources, including solar, wind, geothermal, and biofuels. The United States has a long history with biofuels and the nation is on a course charted to achieve a substantial increase in biofuels. Renewable Fuel Standard evaluates the economic and environmental consequences of increasing biofuels production as a result of Renewable Fuels Standard, as amended by EISA (RFS2). The report describes biofuels produced in 2010 and those projected to be produced and consumed by 2022, reviews model projections and other estimates of the relative impact on the prices of land, and discusses the potential environmental harm and benefits of biofuels production and the barriers to achieving the RFS2 consumption mandate. Policy makers, investors, leaders in the transportation sector, and others with concerns for the environment, economy, and energy security can rely on the recommendations provided in this report.