Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest

Resource Information

The work Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest represents a distinct intellectual or artistic creation found in Internet Archive - Open Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

Export chip prices as a proxy for nonsawtimber prices in the Pacific Northwest

Statement of responsibility

Gwenlyn M. Busby

Creator

• Busby, Gwenlyn M

Contributor

• Pacific Northwest Research Station (Portland, Or.)

Subject

• Stumpwood -- Prices -- Northwest, Pacific
• Wood chips -- Prices -- Northwest, Pacific
• Timber -- Prices -- Northwest, Pacific
• Internet resource

Genre

• Internet resource

Language

eng

Summary

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

Member of

• Research note PNW, 554

Additional physical form

Also available on the World Wide Web.

Cataloging source

VXG

Government publication

federal national government publication

Illustrations

illustrations

Index

no index present

Literary form

non fiction

NAL call number

A99.9

NAL item number

F7625U no. 554 2006

Nature of contents

• dictionaries
• bibliography

Series statement

Research note PNW

Series volume

RN-554