Harvest, Inventory, and Stumpage Prices: Consumption Outpaces Harvest, Prices Rise Slowly

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America's appetite for timber will continue to grow, and consumption will exceed domestic harvest over the next 50 years. Imports will supply the bulk of softwood consumption growth in the next 15 years. After 2015, both domestic softwood harvest and imports will expand. Private softwood inventories will rise in all regions and will be higher by 2050 than current levels. Softwood sawtimber stumpage prices will trend upward in all regions, while pulpwood prices will rise only in the final two decades of the projection. Southern hardwood inventories will fall after 2010 with rising stumpage prices. Northern hardwood harvest and inventories will grow, yielding stable pulpwood prices but modestly rising sawtimber prices.

Keywords: economics; environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; industry; natural resource management; natural resources

Document Type: Miscellaneous

Affiliations: Professor Department of Forest Resources, Oregon State University, Corvallis, OR, 97331, darius.adams@orst.edu

Publication date: March 1, 2002

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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