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No. Let me explain. On October 29th, 2012, Hurricane Sandy – crowned “Superstorm Sandy” by the media – landed on the East Coast of the United States, disrupting businesses from North Carolina to Maine and west to Michigan and Wisconsin, more…
This is the third in a three-part series related to managing financial risk associated with timberland investments, wood procurement and forest management activities. Colonel Kurtz, in the movie “Apocalypse Now,” says “you must make a friend of risk.” While I more…
This is the second in a three-part series related to managing financial risk associated with timberland investments, wood procurement and forest management activities. Part I of Managing Financial Risk in Forestry (Real Options and a Practical Question) introduced industrial views more…
This is the first in a three-part series related to managing financial risk associated with timberland investments, wood procurement and forest management activities. In his 1989 book Liar’s Poker, which provides a behind-the-scenes look at Wall Street, Michael Lewis writes, more…
What opportunities exist for “getting smart” in forest finance? I field versions of this question regularly from students seeking work in the timberland investment sector and from forestry professionals looking to broaden their skills and offerings to current clients. To more…
This post includes summary comments from Brooks Mendell’s presentation “Evaluating Overseas Timberland Investments and Discount Rates” given on September 20th, 2012 in Portland, Oregon at Who Will Own the Forest? Like NFL quarterbacks with respect to winning and losing football more…
Recent rosiness reported in US housing markets triggered interest and trading in public timber REITs. Year-to-date, timber REITs and the Forisk Timber REIT (FTR) Index show positive performance (Table 1). However, the results vary by firm and sit below 2012 more…
From the desk of Amanda Lang, who attended and spoke at the Forest Landowner’s Association National Conference last week in Ponte Vedra Beach, Florida. “Forest certification” generated lots of questions from those attending the 2012 Forest Landowner’s Association national meeting. more…
This is the second in a two-part series related to the analysis of wood baskets and timber markets for investments in forest industry mills, wood-using bioenergy projects and timberland. Part I of Wood Market Realities (Stumpage Price Paranoia) addressed real more…
This is the third in a three-part series related to the financial performance, current trends and changing structure of the timberland investment sector. Newspaper headlines scream distractions. They make us forget that investments in timberland assets are somewhat insulated from more…