Stumpage Price Volatility in the U.s. South
نویسنده
چکیده
Forest products have remained an important part of southern rural economies in the United States. As one of the major raw materials, stumpage has been a key component of production cost in the forest products industry, and therefore its price has been of great concern. Since the late 1970’s stumpage prices in the U.S. South have been changing considerably over time. This study uses analysis of variance and regression analysis to examine the stumpage price volatility in the U.S. South between 1977 and 2007. The results reveal that there are some differences in stumpage price volatility among the four product classes, and the demand factor explains most of the variation in stumpage price volatility.
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