Download or read book Statistical Analysis of Southeastern United States Timber Prices by Regional Markets Three tier Product Differentiation and Logging Margins written by Maciej Dominik Misztal and published by . This book was released on 2018 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three different aspects of timber markets were addressed using 40 years of quarterly price data provided by Timber Mart-South for 22 regions in 11 southeastern States. Markets for pine sawtimber (PST) and pine pulpwood (PP) were determined across regions using one-price cointegration and accounting for endogenous structural breaks. The PST markets could be interpreted as nine minimarkets or six markets that were driven by three independent markets made up of the largest mill-capacity regions. The PP markets were one major market that spanned from northern Georgia to southern Texas (seven regions) and four markets made up of two regions. Compared to earlier studies, the markets were more fractured. The timing of endogenous breaks was consistent across regions, with breaks in the early 1990s for PST and PP and again in 20070́308 for PST. Causality among prices of PST, PP, and chip-n-saw (CNS) from southeastern markets in the United States was determined using the Granger causality test. Based on the number of significant predictabilities, the strongest causality was for prediction of CNS from PST, and the weakest was for prediction of PP from CNS. Of all the regions, the highest number of significant causalities was in northern Alabama and southern Georgia; no causalitiesii were significant in southern Arkansas and northern Louisiana. Stumpage and delivered pine prices plus their differences were also analyzed with Granger causality tests. For both PST and PP, fewer than 40% of regions had significant delivered-to-stumpage causality, but more than 80% of regions had significant stumpage-to-delivered causality. Accounting for breaks and seasons had an effect for PP but not for PST. Effects of other factors were examined for southern Georgia. Mining/logging wages and midwestern housing starts were significant for stumpage and delivered prices. Industrial production and average hourly construction wage were significant for differences between stumpage and delivered prices. Industrial production was significant for delivered but not stumpage prices. In contrast, the 10-year treasury rate was significant for stumpage but not delivered prices. Delivered prices generally affected stumpage prices more; however, causality was dependent on season and breaks.
Download or read book Timber Depletion Lumber Prices Lumber Exports and Concentration of Timber Ownership Report on Senate Resolution 311 written by United States. Forest Service and published by . This book was released on 1928 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Historical Trends of Timber Product Output in the South written by Tony G. Johnson and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Northeastern Regional Timber Stumpage Prices 1961 91 written by Paul E. Sendak and published by . This book was released on 1994 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and regional weighted averages were calculated for timber stumpage prices for the northeastern region. The weighting factor was the timber volume harvested. The regional price series for hardwood sawtimber, softwood sawtimber, hardwood pulpwood, and softwood pulpwood are reported for the 31 -year period, 1961 to 1991. Hardwood sawtimber prices increased at the average annual rate of 10.3 percent (nominal), softwood sawtimber at 6.4 percent, hardwood pulpwood at 6.5 percent, and softwood pulpwood at 5.3 percent. Inflation, as measured by the All-commodity, Producer Price Index, averaged 5.7 percent per year over the 31 -year period.
Download or read book Price Trends and Relationships for Forest Products written by United States. Forest Service and published by . This book was released on 1957 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Timber Production Trade Consumption and Price Statistics 1950 80 written by Alice H. Ulrich and published by . This book was released on 1981 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents statistical information on the production, trade, consumption, and price of timber products in the United States. Although national data are shown for the most part, some material is given for regions, States, and Canada. Preliminary data for 1979 and 1980 are indicated as such. Italic numbers in parentheses refer to the annotated bibliography on page 77.
Download or read book Market Structure and Timber Harvesting Margins in the U S South written by Changyou Sun and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Timber Production Trade Consumption and Price Statistics 1950 83 written by Alice H. Ulrich and published by . This book was released on 1984 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Dynamics and Spatial Market Structure for Three U S Southern Pine Timber Products written by Dekuwmini Mornah and published by . This book was released on 2012 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Evidence of price correlations or cointegrations in timber markets is often interpreted as indicative of the competitiveness and efficiency of these markets. This conclusion is based on the assumptions that firms price F.O.B. and F.O.B. pricing in spatial markets is expected to yield results analogous to the usual competitive results in spaceless markets (i.e., firms set price equal marginal cost plus transportation costs). Competitive arbitrage is the error correction mechanism assumed through which spatial markets are linked. This conclusion could be misleading. In the presence of significant intra-regional transportation costs between spatially dispersed markets, firms have an incentive to exploit their spatial market power. Price correlations therefore may be consistent with other, non-competitive pricing schemes such as collusive basing point pricing. In this dissertation, we model the economic impacts of oligopsony in the procurement of timber in the presence of significant intra-regional transportation costs and test it on three forest products (Pine Saw Timber (PST), Pine Chip and Saw (CNS) and Pine Pulpwood (PPW)) for seven U.S. south-eastern and south-central states using quarterly data from 1976 to 2009. We find that the south-east south central market region is not a single market. However, there is evidence of market integration between 6 to 33 percent of the markets depending on the product, with the most integration occurring in higher valued product markets (PST) as predicted by our theory. Price discrimination was found in 19 to 24 percent of the markets while collusive basing point pricing exists in 13 to 18 percent of the markets. There is also evidence to support the hypothesis that interpreting price cointegrations in timber markets as market integration could be misleading given evidence that 55 to 65 percent of basing point price regions also are cointegrated.
Download or read book American Lumberman written by and published by . This book was released on 1921 with total page 1564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Timber Production Trade Consumption and Price Statistics 1965 2005 written by James L. Howard and published by . This book was released on 2007 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Importance of Timber in the United States written by Dwight Hair and published by . This book was released on 1963 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: And highlights. pp. 4.
Download or read book Stumpage Prices for Sawtimber Sold from National Forests written by United States. Forest Service and published by . This book was released on 1958 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Historical Trends of Timber Product Output in the Southeast written by Michael Howell and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Timber Sale Program Annual Report written by United States. Forest Service. Timber Management and published by . This book was released on 1988 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lumber Prices and the Lumber Products Industry written by Council on Wage and Price Stability (U.S.). and published by . This book was released on 1977 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trends in Economic Scarcity of U S Timber Commodities written by Kenneth Skog and published by . This book was released on 1982 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scarcity of natural resources has been of concern to industrial societies since Malthus developed his theory of population growth and resource use in the late 18th century. Barnett and Morse, in 1963, tested the widely held premise that natural resource commodities are becoming more economically scarce. They concluded that of all major natural resource commodities-agricultural, mineral, and timber-only timber commodities were increasing in economic scarcity. In particular, sawlogs have shown consistent increases in economic scarcity since the late 1800's. Data were prepared for the Barnett and Morse study by Potter and Christy and subsequently updated by Potter and Christy and subsequently updated by Manthy to 1973. This paper extends and expands these data series on timber commodities. Specifically, information will be presented on one indicator of economic scarcity-trends in real prices (prices deflated by the general producer price index). (Author).
