QUALITY ADJUSTED PRICE INDICES FOR DOUGLAS-FIR TIMBER

The purpose of this paper is to determine if there have been systematic changes in the characteristics of Douglas-fir stumpage sold on National Forests in the Pacific Northwest that would significantly bias the price of stumpage. Four hedonic methods were used to develop indices of pure price change holding stumpage characteristics constant. None indicated a significant trend in quality over the period 1968 to 1978. Quality differences, however, appeared to play a role in the year-to-year price changes. The advantage and inconveniences of each indexing method and their use for various purposes are discussed.Demand and Price Analysis,

QUALITY ADJUSTED PRICE INDICES FOR DOUGLAS-FIR TIMBER

The purpose of this paper is to determine if there have been systematic changes in the characteristics of Douglas-fir stumpage sold on National Forests in the Pacific Northwest that would significantly bias the price of stumpage. Four hedonic methods were used to develop indices of pure price change holding stumpage characteristics constant. None indicated a significant trend in quality over the period 1968 to 1978. Quality differences, however, appeared to play a role in the year-to-year price changes. The advantage and inconveniences of each indexing method and their use for various purposes are discussed

Douglas County, Oregon : potential economic impacts of a changing timber resource base /

no.17

Natural Resource Policy: The Distributional Impact on Consumers of Changing Output Prices

This article proposes a new methodology for estimating the impact of fuel price and tax changes on the general price level and the distribution of income and applies a model to Thailand using data for 1975-76 and 1981-82. Because the model allows for ...

Economic aspects of thinning and harvest for forest health improvement in Eastern Oregon and Washington

Management activities that affect forest health and productivity in eastern Oregon and Washington, USA are driven by social, political, and economic processes. Economic feasibility is important in determining the extent to which various treatments proposed to improve forest health will actually be applied. Three socioeconomic institutions create incentives that are important determinants: markets, land uses, and the processing industry. We have extensive information on timber markets, and land uses have been studied at broad scales. Thinning undertaken for forest health improvement provides mostly small-diameter and dead material, but markets for products from small and dead logs are limited. Harvesting and manufacturing costs, resource characteristics, and lumber prices influence the way timber is processed (i.e., what products are made); design of timber sales (i.e., amount and size of raw materials offered) influences harvest cost. Processing equipment that scans logs and processes them according to shape can greatly improve product yield. Decision tools that incorporate these factors into financial evaluations can assist in harvest and other treatment decisions

Softwood lumber prices for evaluation of small-diameter timber stands in the Intermountain West

This paper reports prices for aggregations of lumber grades that are representative of the quality and volume of lumber produced from small-diameter timber stands in the Intermountain West area encompassing Idaho and Montana and land east of the Cascade Mountain range in Oregon and Washington. Price data are reported for Douglas Fir-Larch, Hem-Fir, ponderosa pine, and lodgepole pine. Forest managers can use the grade aggregates in conjunction with the Financial Evaluation of Ecosystem Management Activities (FEEMA) software to evaluate silvicultural treatment for small-diamter timber stands