In response to projected increases in population, economic activity, and income, future demands for timber from domestic forests will grow rapidly. If timber owners continue to respond to price and inventory changes and manage their lands much as they have in the recent past, supplies show much slower increases. This means that large increases in relative prices of stumpage and most timber products will be necessary to balance demands and supplies. The rise in relative prices will have substantial and adverse effects on the timber processing industries, timber-based employment and income, consumers of wood products, and the environment. Such impacts are not inevitable--there are many opportunities to greatly increase and extend timber supplies, and the investments in these opportunities promise to be profitable from the standpoint of society and the economy.
Document Type: Journal Article
Leader of the Demand, Price, and Trade Analysis Group in the Washington Office of the USDA Forest Service
Publication date: November 1, 1980
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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.