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Visitor traffic on the Forisk Blog increased 44% in 2021 over 2020, for a ninth consecutive year of growth. Thank you! Here are top posts from 2021, along with a few popular posts by topic: Pros and Cons of Using more…
The biology and science of growing trees has an uneasy and inconsistent relationship with the economics of pricing timber. Like hair, forests grow. Unfortunately, U.S. wood use declined 34% during the Great Recession. Fortunately, over the past five years alone, more…
A timberland investment, in and of itself, comprises a bundle of diversified cash flows. The sources of these flows include softwood and hardwood logs and fiber, hunting leases, cell phone towers and, increasingly, ecosystem services such as carbon sequestration. These more…
Investors and analysts can tend to “boil the ocean” – to analyze everything – in evaluating opportunities or new markets. In forestry, this is especially the case with first-time investors in the industry. However, at some point, we need to more…
North America’s forest industry is closing in on two decades of significant capacity relocation. Not only is this reflected in the expansion of sawmill, panel and pellet capacity in the South, but also in the fact that timberland owners have more…
Aunt Fanny called at 4:45 in the morning. “Nephew, tell me about forest carbon.” “Do I have to?” I asked. “I avoid big words till the sun rises and my first cup of coffee.” Aunt Fanny laughed. “Tell you what. more…
Foresters often hear non-foresters confuse terms, such as referring to lumber as timber or logs (which is like calling a pork chop a pig). A confusion with terms leads to misunderstanding issues and ultimately complicates analysis or discussion intended to more…
In capturing a quarterly “snapshot” of fiber prices by region across North America, the Forisk Wood Fiber Review (FWFR) also summarizes market trends and investments. Fevered lumber prices appear to have broken due to a combination of producers (sawmills) catching more…
Forest carbon can affect timberland values to the extent that robust markets for carbon support reliable cash flows to investors. With wood, the economic value of trees derives from the ability of manufacturers to turn logs into value added products more…
This post is the fourth in a series related to the Q2 2021 Forisk Research Quarterly (FRQ), which includes forest industry analysis, timber price forecasts and featured research on forest carbon. Markets facilitate trade between buyers and sellers; they assign value more…