Timberland’s Cash Yield vs. U.S. Treasuries: A 38-Year Gut Check

| no comments in Forest Finance & Economics, Timberlands

Introduction In December 2011, Forisk asked a simple question: how do timberland investment returns stack up against 10-year U.S. Treasuries, the classic “risk-free” benchmark? The answer then proved reassuring: over the 2001–2010 window, timberland investment vehicles, public and private, outperformed more…

Local Timber Markets Have Macroeconomic Exposures, Too

| no comments in Custom Market Forecast, Forest Strategy, Risk Management, Softwood Lumber, Timber Market Analysis, Timber Supply, Timberlands

This post includes ideas and content covered in the virtual Timber Market Analysis class, September 30th, and October 1st, 2026. During interviews, economist Skylar Olsen regularly says: “We treat the housing market as if it’s one large national market, but, more…

Do Our Reasons for Investing in Timberland Still Apply?

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

This post includes themes from the (virtual) Applied Forest Finance course on March 31st, 2026. Early registration ends March 17th! Class attendees also receive eBooks for the 7th Edition of Forest Finance Simplified* and 2nd Edition of Aunt Fanny Learns Forestry*! Several more…

Five Recommended Books and Resources on Forest Finance and Owning Timberland

| no comments in Forest Finance & Economics, Forisk, Risk Management, Timberlands, Wood Flows & Cash Flows

As a reader, writer, and researcher, books have been hugely important in my life, and I enjoy swapping favorite book titles with others. When asked for non-fiction book recommendations, I follow two informal rules. Only recommend books that I’ve actually more…

North America’s Top Timberland Owners and Managers, 2025 Update

| no comments in Timber REITs, Timberlands

Co-authored by Joshua Uzu This post includes data from Forisk’s 2025 North American Timberland Owner & Manager List and the Q2 2025 Forisk Research Quarterly. Forisk has been tracking timberland transactions and aggregating timberland owner data since 2005. The 2025 edition of the North more…

Timberland Investments: Smaller Sector with Bigger Portfolio Benefits

| no comments in Forest Finance & Economics, Forest Strategy, Risk Management, Timber REITs, Timberlands

This post includes themes from the (virtual) Applied Forest Finance course on April 3rd, 2025. Early registration ends March 20th! The investable universe for institutional timberland in the U.S. is modest compared to markets for stocks, bonds, currencies, or real more…