[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.7747/JFES.2015.31.1.38

The Analysis of Pine Stumpage Prices Based on Timber Sale Characteristics of the Southern United States

Kim, Hojung (The Forest Center of Climate Change, Korea Forest Research Institute)
Cieszewski, Chris (Warnell School of Forestry and Natural Resources, The University of Georgia)

Publication Information

Journal of Forest and Environmental Science / v.31, no.1, 2015 , pp. 38-46 More about this Journal

Abstract

The stumpage price changes were calculated and analyzed from the data collected by Timber Mart-South from 1998 to 2007. We analyzed the relationship between pine sawtimber stumpage prices and timber sale characteristics using hedonic pricing method. Quadratic transformation was employed for sale size and contract length. Stumpage prices increased with sale size, contract length, bid sales, and the number of bidders. The presence of above average or excellent grade, market conditions, and logging conditions also are positively related to stumpage prices.

Keywords

stumpage prices; hedonic pricing method; timber-marth-south; timber sale characteristics;

Citations & Related Records

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