Harvest, inventory, and stumpage prices: Consumption outpaces harvest, prices rise slowly

摘要

America's appetite for timber will continue to grow, and consumption will exceed domestic harvest over the next 50 years. Imports will supply the bulk of softwood consumption growth in the next 15 years. After 2015, both domestic softwood harvest and imports will expand. Private softwood inventories will rise in all regions and will be higher by 2050 than current levels. Softwood sawtimber stumpage prices will trend upward in all regions, while pulpwood prices will rise only in the final two decades of the projection. Southern hardwood inventories will fall after 2010 with rising stumpage prices. Northern hardwood harvest and inventories will grow, yielding stable pulpwood prices but modestly rising sawtimber prices.