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This post includes notes on the application and adjustment of discount rates during periods of historically low interest rates, with examples related to timberland investments. This continues a discussion from my February 2020 post addressing questions related to discount rates more…
A summary of the advantages and disadvantages of applying and interpreting NPV generally and for forestry investments. Net present value (NPV) compares the value of cash flows (benefits) received in the future with the capital required for investment today. The more…
This post includes data from Forisk’s 2020 North American Timberland Owner & Manager List and the Q2 2020 Forisk Research Quarterly. Forisk has tracked and aggregated timberland transaction and ownership data for fifteen years. The ownership data goes back 50 years more…
This is the fourth in a series related to the Q2 2020 Forisk Research Quarterly (FRQ) which includes forest industry analysis and timber price forecasts for North America. Forisk surveys private timberland owners and managers in the U.S. South every more…
In the current coronavirus pandemic and recessionary environment, do traditional reasons for holding timberland investments still apply? In Timberland 2020: From High Hopes to Viral Mopes and Back Again, Forisk compares the long and short-term performance of private timberlands to more…
This is the first in a series related to Forisk’s Q2 2020 forest industry analysis and timber price forecasts for the United States. In Q1 2020, with strong growth in all regions, U.S. housing starts increased 22% year-over-year; single-family starts more…
This post includes an excerpt from Forisk’s upcoming white paper “Timberland 2020: From High Hopes to Viral Mopes and Back Again.” The current pandemic and market volatility give us the chance to revisit the thesis and long-term benefits of owning more…
Timberland investors and forest industry executives entered 2020 expecting to navigate the tradeoffs of a slowing global economy, disruptive trade policies and a surging U.S. housing market. However, halfway through the quarter, as Tim Gammell, Editor of the Forisk Wood more…
We do not have a toilet paper problem. As a forest industry analyst, I say this for three reasons. Many firms in this industry are Forisk clients or customers of clients and we can confirm that trees continue to grow, more…
According to Greg Ip in The Wall Street Journal (3/3/2020), “Epidemics historically haven’t been disruptive enough to affect gross domestic product much…That probably won’t be true this time” with respect to the coronavirus. A primary reason: the growing impact on more…