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This post includes data from Forisk’s North American Timberland Transactions Database and research from the Forisk Research Quarterly. 2023 was a down year for timberland transactions in the U.S. and Canada, with just over a million acres trading, well more…
This post introduces research and topics that will be addressed in the Q2 2024 Forisk Research Quarterly (FRQ), which includes forest industry analysis and timber price forecasts for North America. When deciding where to allocate limited capital, we benefit by more…
This post is the fourth in a series related to the Q2 2021 Forisk Research Quarterly (FRQ), which includes forest industry analysis, timber price forecasts and featured research on forest carbon. Markets facilitate trade between buyers and sellers; they assign value more…
This post is the fourth in a series related to the Q1 2021 Forisk Research Quarterly (FRQ). It includes topics that will also be addressed in the (virtual) Applied Forest Finance course on March 4th, 2021. When we feel uncertain about more…
Over the past decade, Eastern Canada has consistently been the fourth-largest installed base of regional softwood lumber manufacturing capacity in North America, behind the U.S. South, the U.S. West, and Western Canada. However, the region has gained importance as a more…
Mid-way through a ninth year of increasing housing starts and growing lumber consumption, timberland investors and forest owners in the U.S. South continue to struggle with flat and, in certain local markets, falling sawlog prices. Previous posts discuss how this more…
Aunt Fanny sighed loudly and kicked the dirt. A pinecone ricocheted off a nearby white oak before landing in a mound of dirt and leaves. Two dogs barked in the distance. “Nephew, I have a few thoughts regarding the value more…
Forestry professionals continually grapple with the most effective and “context appropriate” ways to report timberland investment performance and forest sustainability. How do we compare results in forestry for questions ranging from cash flows to wood flows? Once you get through more…
Want a simple method for valuing stocks and income earning real estate or timberland? Consider the Dividend Discount Model by dividing next year’s income, assuming it will be earned annually in perpetuity, by a constant discount rate or cost of more…
When talking about timberland investing while having a beer or standing over the hood of a truck, not when signing checks or allocating capital….. A reasonable estimate of a forest’s current economic value equals the standing merchantable volume multiplied by the more…