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Potential Responses of Softwood Markets to the Monongahela Decision

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Nationwide application of the Monongahela decision would reduce national forest harvests and cause U.S. lumber and plywood prices to rise 15 to 20 percent more over the next two decades than would be expected under current timber flow policy. Softwood stumpage prices would increase 35 to 45 percent over the same period. The price effects of the reduction in national forest output would be partly offset by increased harvest on private lands and increased imports of lumber from Canada. Stumpage prices would increase most on the West Coast, accentuating the trend toward concentration of lumber and plywood production in the South.

Document Type: Journal Article

Affiliations: Economist, USDA Forest Service, Pacific Northwest Forest and Range Experiment Station, Portland, Oregon

Publication date: October 1, 1976

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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