Author
Joseph L. Conrad IV, M. Chad Bolding, W. Michael Aust and Robert L. Smith
Forest Policy and Economics, 2010, vol. 12, issue 6, pages 399-406
Abstract: The U.S. South's wood supply chain has undergone major changes over the past two decades in terms of forestland ownership and forest industry structure. Recent interest in producing energy from wood has raised questions about how a vibrant wood-energy market will impact the traditional southern wood supply chain. By using a survey of consulting foresters, this study examined how harvest tract size, forest ownership, and forest industry structure have changed within the U.S. South and how foresters expect the wood-energy market to impact the wood supply chain in the future. Results indicate that there are currently inadequate markets for timber as a result of expanded timber supply and reduced forest products industry capacity. Only 12% of respondents reported having sold timber to an energy facility, although 98% of respondents report their clients are willing to sell to an energy facility. In addition, 89% of respondents believe that a vibrant wood-energy market will provide an additional market for timber and will not displace forest products industry capacity. This study found excess logging capacity as evidenced by frequent mill quotas; however, an aging logging workforce and tight credit markets make logging capacity uncertain in the long term as the U.S. economy rebounds from recession and wood-energy demand increases. The percentage of respondents reporting an average harvest tract size over 16 ha (40 ac) decreased from 95% in 1999, to 70% in 2009, and only 47% predict an average harvest tract size over 16 ha (40 ac) in 2019. This study suggests that the southern wood supply chain is in position to take advantage of an expanded wood-energy market; however, decreasing harvest tract sizes, increasing urbanization, and a decline in the forest products industry are lingering issues for landowners, mills, foresters, and loggers in the South.
Keywords: Forest; products; industry; Wood-to-energy (search for similar items in EconPapers)
Date: 2010
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Forest Policy and Economics is currently edited by M. Krott
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Series data maintained by Dana Niculescu (repec@elsevier.com).
For further details logon website :
http://econpapers.repec.org/article/eeeforpol/v_3a12_3ay_3a2010_3ai_3a6_3ap_3a399-406.htm
Joseph L. Conrad IV, M. Chad Bolding, W. Michael Aust and Robert L. Smith
Forest Policy and Economics, 2010, vol. 12, issue 6, pages 399-406
Abstract: The U.S. South's wood supply chain has undergone major changes over the past two decades in terms of forestland ownership and forest industry structure. Recent interest in producing energy from wood has raised questions about how a vibrant wood-energy market will impact the traditional southern wood supply chain. By using a survey of consulting foresters, this study examined how harvest tract size, forest ownership, and forest industry structure have changed within the U.S. South and how foresters expect the wood-energy market to impact the wood supply chain in the future. Results indicate that there are currently inadequate markets for timber as a result of expanded timber supply and reduced forest products industry capacity. Only 12% of respondents reported having sold timber to an energy facility, although 98% of respondents report their clients are willing to sell to an energy facility. In addition, 89% of respondents believe that a vibrant wood-energy market will provide an additional market for timber and will not displace forest products industry capacity. This study found excess logging capacity as evidenced by frequent mill quotas; however, an aging logging workforce and tight credit markets make logging capacity uncertain in the long term as the U.S. economy rebounds from recession and wood-energy demand increases. The percentage of respondents reporting an average harvest tract size over 16 ha (40 ac) decreased from 95% in 1999, to 70% in 2009, and only 47% predict an average harvest tract size over 16 ha (40 ac) in 2019. This study suggests that the southern wood supply chain is in position to take advantage of an expanded wood-energy market; however, decreasing harvest tract sizes, increasing urbanization, and a decline in the forest products industry are lingering issues for landowners, mills, foresters, and loggers in the South.
Keywords: Forest; products; industry; Wood-to-energy (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1389-9341(10)00058-4
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Persistent link: http://EconPapers.repec.org/RePEc:eee:forpol:v:12:y:2010:i:6:p:399-406
Access Statistics for this article
Forest Policy and Economics is currently edited by M. Krott
More articles in Forest Policy and Economics from Elsevier
Series data maintained by Dana Niculescu (repec@elsevier.com).
For further details logon website :
http://econpapers.repec.org/article/eeeforpol/v_3a12_3ay_3a2010_3ai_3a6_3ap_3a399-406.htm
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