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The Annual Change in Ohio Stumpage and Sawlog Prices: 1960 to 2011

Duval, Raymond Paul
http://rave.ohiolink.edu/etdc/view?acc_num=osu1373369983

Abstract Details

2013, Master of Science, Ohio State University, Environment and Natural Resources.
Timber price trends provide descriptive economic data for making land and business management decisions. Understanding historic price trends can also offer insights into possible future prices. These trends can and do influence such decisions as rotation age, harvest methods, silvicultural treatments, and wood procurement strategies. Providing information to better understand timber markets can lead to more efficient uses of land and business capital. We examined the 52-year price trends of ten commercial tree species in Ohio, both stumpage and delivered sawlogs, and determined the annual percentage rates of change in prices. Data were compiled from the Ohio Timber Price Report covering the years 1960-2011. For each study we used log-linear regression, which was adjusted for autocorrelation, with time as the explanatory variable and price as the response variable. We further tested whether the real stumpage price trends from 1960-1985 significantly differed from 1986-2011. Additionally, we compared real log grade prices within each species. Results for stumpage prices indicate seven of ten species examined did not have significantly different annual percentage rates of change between the two eras. Results for sawlog price trends show that, in general, higher grade logs were increasing or holding value, while lower grade logs were decreasing in value in terms of real dollars. We also found that across the entire time period for both stumpage and sawlogs, real prices that have been increasing have done so at relatively low rates, which is one indicator that Ohio has historically been a buyer's market for timber.
David Hix (Advisor)
Eric McConnell (Advisor)
Roger Williams (Committee Member)
Steve Matthews (Committee Member)
65 p.
Forestry
sawlog; stumpage; timber; price trend; APR

Recommended Citations

Citations

  • Duval, R. P. (2013). The Annual Change in Ohio Stumpage and Sawlog Prices: 1960 to 2011 [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1373369983

    APA Style (7th edition)

  • Duval, Raymond. The Annual Change in Ohio Stumpage and Sawlog Prices: 1960 to 2011. 2013. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1373369983.

    MLA Style (8th edition)

  • Duval, Raymond. "The Annual Change in Ohio Stumpage and Sawlog Prices: 1960 to 2011." Master's thesis, Ohio State University, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=osu1373369983

    Chicago Manual of Style (17th edition)

osu1373369983
819
© 2013, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.