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In our previous post, we discussed timber market drivers and the “rough-hewn relationship between housing, lumber and timber.” Now, we consider regional analyses for localized investment strategies to best-position our mills and timberlands. While trees grow and markets cycle, regional more…
We often expect housing and lumber and timber markets to interact and behave in certain ways. However, these expectations assume operable levels of market clearing information and pricing that apply (somewhat) uniformly across North America in seamless, frictionless transactions. You more…
Forisk has tracked and accumulated timberland transaction and ownership data since 2006. The ownership data goes back 50 years and the transaction data goes back 20 years to 1996. This provides context when reviewing year-over-year trends. In the past twelve more…
This is the first in a series related to Forisk’s Q2 2018 forest industry analysis and timber price forecasts for the United States and Canada. When forecasting timber prices and delivered wood costs, we work to (1) identify relationships in more…
To change a system or improve a process, you must understand how it works. And part of this requires understanding constraints, boundaries and capabilities. As Dirty Harry said (when discussing the importance of rigorous due diligence, I believe), “a man’s more…
When assessing timber markets and wood baskets for forest industry and timberland investments, one line of analysis focuses on the “riskiness”, likelihood and competitiveness of existing and announced wood-using manufacturing facilities in and near the market. Timberland investors want to more…
Summary: Exports of softwood logs from the U.S. were on pace to decline for the fourth consecutive year, and hardwood logs expect to decrease a third consecutive year. U.S. softwood log exports were down 5.2% year-over-year through November 2017, while more…
Forisk recently published the 6th Edition of the Forest Finance Simplified book by Dr. Brooks Mendell Forest Finance Simplified distills forest finance themes into a question-and-answer format for those who want an accessible reference or introduction to forest management decision-making and timber investments. more…
Forest certification programs have become ubiquitous over the past 25 years. Between the Sustainable Forestry Initiative (SFI), the Forest Stewardship Council (FSC), and the American Tree Farm System (ATFS), around 30% of the 360 million privately-owned timberland acres in the more…
This post includes an excerpt from the Timberland Investment chapter in the Q1 2018 Forisk Research Quarterly. The timberland market continues to generate a steady diet of deals to review. Through year-end 2017, there were nearly 1.8 million acres of more…