Preferred timber tract characteristics in the lake states under varying market conditions

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Abstract

We examined logger and forester preferences for and perceptions of timber tract characteristics on state-administered lands in Michigan, Minnesota, and Wisconsin over three distinct market conditions that characterized the boom and bust cycle of the forest products sector for the 15 years prior to 2010. Loggers and foresters generally agree that state timber sales have headed in an unfavorable direction since the housing market crash, with fewer characteristics present in Department of Natural Resources tracts offered for sale that could increase a logger's profitability and more characteristics that could decrease profitability. Although foresters perceive that these characteristics have become more important to loggers as market conditions characteristics in the design of their timber sales.

Original languageEnglish (US)
Pages (from-to)795-803
Number of pages9
JournalForest Science
Volume60
Issue number4
DOIs
StatePublished - Aug 31 2014

Keywords

  • Housing market crash
  • Market conditions
  • Profitability
  • Stumpage

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