The Dynamic Wyoming Timber Economy

In this: publication
By this: publisher
In this Subject: Forestry
By this author: Rideout, D.B. ;&nbsp; Hesseln, H.

Authors: Rideout, D.B.; Hesseln, H.

Source: Western Journal of Applied Forestry, Volume 18, Number 4, October 2003 , pp. 233-237(5)

Publisher: Society of American Foresters

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Abstract:

In the 1990s, the United States experienced unprecedented growth and prosperity while western timber economies experienced a series of national and international events that would challenge their future. This contrast of rapid national expansion amid regional challenge for the timber industry was related to a series of international monetary crises that depressed world commodity prices while domestic policy restricted timber supply. Higher prices, lower quantities, lower quality, longer haul distances, and industry consolidation all posed changes and challenges. These events affected Wyoming's timber processors as they attempted to adjust to the dynamic timber economy. Wyoming's dynamic economy suggests that changes, including the potential for consolidation, would be important considerations for industry officials and policy makers. West. J. Appl. For. 18(4):233–237.

Keywords: Timber; economics; Wyoming; processing; globalization; environmental management; forest; forest management; forest resources; forestry; forestry research; forestry science; natural resources; natural resource management