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TIMBER PRICE FORECAST METHODOLOGY

About the Data

  • Historical stumpage price data from Forest2Market’s Stumpage Price Database: pine sawtimber, pine chip-n-saw, pine pulpwood and hardwood pulpwood
  • Pine sawtimber price is benchmarked to 14” diameter at breast height (DBH) and pine chip-n-saw price is benchmarked to 10” DBH
  • More information about the timber price database

About the Model

  • A time series linear model is used to estimate and forecast stumpage prices
  • The input variables include the macroeconomic indicators, seasonality and trend components, DBH benchmark, and rainfall

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