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This post is the first in a series related to the Q2 2023 Forisk Research Quarterly (FRQ) which includes forest industry analysis, timber price forecasts, and featured research on western silviculture. It provides an excerpt from the forest operations chapter. more…
This post includes topics addressed in the (virtual) Applied Forest Finance course on May 16th, 2023. Investors and managers in the forest industry often make decisions with imperfect and incomplete information. Therefore, we benefit by having an approach for dealing with more…
This post includes topics addressed in the (virtual) Applied Forest Finance course on May 16th, 2023. Introduction to Residual Land Use In graduate school, forest economist Dr. David Newman taught us that “timberland is a residual land use.” When he more…
Tight labor markets, slowing paper demand, and cooling lumber output all contributed to fiber price volatility through 2022 and into early 2023. A weighted average of North American fiber prices reported in the Forisk Wood Fiber Review increased 9% year-over-year more…
The current housing market is distinctly different today than in 2007-2008. Housing Market Before In 2007-2008, the housing slowdown largely resulted from speculation in the market. An (admittedly) oversimplified description of events follows. Consumers felt home prices would continue to more…
Oriented strand board (OSB) is a structural building product like plywood that is made from layers of wood strips (or strands) that are glued together and compressed with heat and pressure. Builders use OSB in subflooring and wall and roof more…
This post includes topics addressed in the (virtual) Applied Forest Finance course on May 16th, 2023. What is a timber lease? In the book Forest Finance Simplified, I define timber leases as “contractual agreements that provide the lessors (owners) equal more…
Backcourt As March approaches, much of the nation gets excited for basketball madness. At Forisk, March also marks a time to review the previous year. This time last year, we noted that timberland transactions bounced back in 2021. For context, more…
We joke that, “hardwood markets are hard” when it comes to wood procurement and market analysis. Hardwood procurement involves scavenging timber from landowners with varying objectives and timber management approaches and on landscapes with wetter ground than most pine plantations. more…
This post is the fourth in a series related to the Q1 2023 Forisk Research Quarterly (FRQ). It references our featured research on pulpwood and sawtimber price drivers. Each year we evaluate our forecast models to understand what went well more…