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Professor Richard Thaler won this year’s Nobel Prize for Economics, in part, for research confirming that we (humans) believe we are smarter and more rational than we actually are. Asked how he plans to spend the $1.1 million prize money, Thaler more…
This is the second installment in our discussion of the 2017 Hurricane season’s impacts on the forest industry. See Part I for additional analysis. Brooks Mendell, Andrew Copley and Justin Tyson contributed to this blog. The closest comparison we have more…
Shawn Baker, Andrew Copley and Justin Tyson contributed to this blog. Catastrophic or severe weather events and risks may exceed the abilities and flexibility of the most talented wood supply organization. How might we think about these risks? Weather risk more…
This post includes excerpts from previous research published by Forisk and summarizes comments we delivered at the Who Will Own the Forest? Conference in Portland, Oregon on September 13, 2017. Decades of “nightly news” exposure to investment indices such as more…
The pursuit of the ‘preferred answer’ starts early in life. Any two-year old knows to ask Dad after Mom says, “No.” In forestry and the forecasting of timber markets, comparing approaches, like getting a second opinion, strengthens our collective understanding, more…
This post includes an excerpt from research published in the Q3 2017 Forisk Research Quarterly (FRQ). Pine sawtimber stumpage prices in the South bottomed in 2012. Despite modest recovery through 2015, prices dropped the past two years. While timber price models more…
This post includes an excerpt from research published in the Q3 2017 Forisk Research Quarterly (FRQ). Canadian forests support one of the world’s leading wood products industries. And that industry is in flux, rationalizing legacy investments in newsprint mills, navigating more…
This post includes an excerpt from the bioenergy research authored by Amanda Lang and Andrew Copley published in the Q3 2017 Forisk Research Quarterly (FRQ) Publication. Forisk projects global demand for industrial wood pellets to grow at an annual compound more…
Below is an excerpt from a Q3 2017 article in the Forisk Research Quarterly examining issues affecting commercial automobile insurance and log truck insurance specifically. Large swaths of the general public still have no idea what modern logging entails. Even in areas with extensive more…
On July 26, 2017, West Fraser announced an agreement to acquire Gilman Companies, a major producer of southern yellow pine lumber with six sawmills in South Georgia and North Florida comprising 700 million board feet (MMBF) of capacity. The acquisition more…