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This post includes data from the Q1 2015 Forisk Research Quarterly (FRQ) chapter on U.S. North hardwood markets. The old joke, “Why did the sawmill owner sell his mill? Because he was board,” does not apply to hardwood lumber operations. more…
This post includes excerpts from the Q1 2015 Forisk Research Quarterly (FRQ) chapter on timberland investment vehicles and ownership. Institutional investors looking to add timberlands to their portfolios and timber REITs looking to grow their asset base both face the more…
This post includes excerpts from the Q1 2015 Forisk Research Quarterly (FRQ). U.S. builders and homeowners use a lot of structural panels – oriented strand board (OSB) and plywood – to build and remodel homes. Timberland investors and managers care more…
This post includes excerpts from the Q1 2015 Forisk Research Quarterly (FRQ). The chapter on wood bioenergy details the current status and expected progress of the wood pellet, wood electricity and wood biofuels sectors in the United States, and their more…
This is the third in a series related to Forisk’s Q1 2015 forest industry analysis and timber price forecasts for the United States. Before projecting forward, we ground ourselves by looking back and evaluating the performance of previous forecasts and more…
This is the second in a series related to Forisk’s Q1 2015 forest industry analysis and timber price forecasts for the United States. We use “sensitivity analysis” to test the relative importance of inputs in our models. Is this assumption more…
This is the first in a series related to Forisk’s Q1 2015 forest industry analysis and timber price forecasts for the United States. In forecasting timber prices and wood costs, we work to (1) identify and understand relationships in historical more…
Internal rate of return (IRR) reflects the compounded return produced by a project. IRR is best used in tandem with other measures, such as Net Present Value (NPV), especially in forestry. Let’s explore why. Q: Does IRR provide a reasonable more…
Simple reasons explain how and why timberland assets attract investors: Safety: timberland preserves capital. Growth: trees grow and land appreciates. Diversification: timberland behaves differently than stocks, bonds and stamp collections. The actual investing in and managing of timberland requires more…
Aunt Fanny reached into the side pocket of her one-piece camouflage jumpsuit. She pulled out a blue roll of Mentos. “Want one?” she asked. “Sure,” I said, pinching off a white mint from the tin-foiled roll and popping it into more…