Thinking About Timberland Investment Exposure to Interest Rates and Default Risk*

| comment (1) in Forest Finance & Economics, Forest Strategy, Forisk, Risk Management, Timberlands, Wood Flows & Cash Flows

According to The Economist[1], “Private equity benefits from a fig leaf of illiquidity,” which covers up for delays when valuing investment assets and obfuscates their true volatility. The inability to confirm value in real-time or robustly quantify risk sounds, to more…

Ode to Alternative Assets: Timberland Investments, Liquidity, and Inflation

| comments (2) in Forest Carbon, Forest Finance & Economics, Risk Management, Timberlands

Markets for alternative, specialized assets – like vintage water pistols, 101-year-old scotch, and drivable Corvairs – must overcome high “search costs” to match suitable, qualified buyers and sellers. The abilities to evaluate, value, and manage such assets comprise a Rubik’s more…

Wood Fiber Markets and Implications from Forest Industry Investments

| no comments in Forest Operations, Pulp & Paper, Risk Management, Softwood Lumber, Wood Bioenergy, Wood Demand & Procurement, Wood Flows & Cash Flows, Wood Prices

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…

Natural Disasters and Risk: Notes and Resources for Forest Industry and Timberland Investors

| no comments in Forest Finance & Economics, Forest Operations, Forest Strategy, Forisk Market Bulletin, Risk Management, Timber Market Analysis, Timberlands

This post consolidates links to previous Forisk research on risk in the forest industry, a major theme highlighted by timber investors and wood buyers in the recently launched Forisk Market Bulletin. When investing in timber assets, we either invest in more…