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New Estimates of Central and Eastern U.S. Hardwood Lumber Production
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1989
Year
Applied EconomicsLand UseForestryAgricultural EconomicsEnvironmental EconomicsForest ProductivitySocial SciencesProductivityProduction StatisticsU.s. DepartmentTimber SupplyEconomicsGeographyWood HarvestingNew EstimatesDeforestationHardwood Lumber ProductionForest-related IndustryNatural Resource ManagementBusinessForest Resource Management
Abstract New estimates of hardwood lumber production are higher than the widely used production statistics released by the U.S. Department of Commerce. These estimates were developed through use of Forest Service timber product output studies, state tax records, and state level sawmill surveys. The analysis also indicates that hardwood lumber production was higher in 1986 than at any time during the last 20 years and that hardwood lumber production is increasing in the northern regions relative to the southern regions. Because of underreporting, the returns from management investments in quality northern forest sites could be undervalued. This undervaluation could discourage forest investment and, ironically, could result in even higher long-term prices. North. J. Appl. For. 6:120-123, September 1989.