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This is the first in a series related to Forisk’s Q4 2017 forest industry analysis and timber price forecasts for the United States and Canada. Fear has no place in evaluating a forecast. What are we scared of? That the more…
Professor Richard Thaler won this year’s Nobel Prize for Economics, in part, for research confirming that we (humans) believe we are smarter and more rational than we actually are. Asked how he plans to spend the $1.1 million prize money, Thaler more…
Shawn Baker, Andrew Copley and Justin Tyson contributed to this blog. Catastrophic or severe weather events and risks may exceed the abilities and flexibility of the most talented wood supply organization. How might we think about these risks? Weather risk more…
This post includes excerpts from previous research published by Forisk and summarizes comments we delivered at the Who Will Own the Forest? Conference in Portland, Oregon on September 13, 2017. Decades of “nightly news” exposure to investment indices such as more…
The pursuit of the ‘preferred answer’ starts early in life. Any two-year old knows to ask Dad after Mom says, “No.” In forestry and the forecasting of timber markets, comparing approaches, like getting a second opinion, strengthens our collective understanding, more…
This post includes an excerpt from research published in the Q3 2017 Forisk Research Quarterly (FRQ). Canadian forests support one of the world’s leading wood products industries. And that industry is in flux, rationalizing legacy investments in newsprint mills, navigating more…
This post includes an excerpt from the bioenergy research authored by Amanda Lang and Andrew Copley published in the Q3 2017 Forisk Research Quarterly (FRQ) Publication. Forisk projects global demand for industrial wood pellets to grow at an annual compound more…
This is the second in a series related to Forisk’s Q3 2017 forest industry analysis and timber price forecasts for the United States and Canada. Each quarter, we look back and evaluate the performance of previous forecasts and earlier models. more…
This is the first in a series related to Forisk’s Q3 2017 forest industry analysis and timber price forecasts for the United States and Canada. There is a tendency to cherry-pick forecasts. A market forecast can be used to serve more…
Mid-way through a ninth year of increasing housing starts and growing lumber consumption, timberland investors and forest owners in the U.S. South continue to struggle with flat and, in certain local markets, falling sawlog prices. Previous posts discuss how this more…