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The Analysis of Pine Stumpage Prices Based on Timber Sale Characteristics of the Southern United States
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 Title & Authors
The Analysis of Pine Stumpage Prices Based on Timber Sale Characteristics of the Southern United States
Kim, Hojung; Cieszewski, Chris;
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 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;
 Language
English
 Cited by
 References
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