Managing Financial Risk in Forestry, Part III: Pricing Options and Wood Supply Agreements

| no comments in Forest Finance & Economics, Risk Management, Timberlands, Wood Demand & Procurement

This is the third in a three-part series related to managing financial risk associated with timberland investments, wood procurement and forest management activities. Colonel Kurtz, in the movie “Apocalypse Now,” says “you must make a friend of risk.”  While I more…

Managing Financial Risk in Forestry, Part I: Real Options and a Practical Question

| no comments in Forest Finance & Economics, Risk Management, Timberlands

This is the first in a three-part series related to managing financial risk associated with timberland investments, wood procurement and forest management activities. In his 1989 book Liar’s Poker, which provides a behind-the-scenes look at Wall Street, Michael Lewis writes, more…