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Abstract
The average annual percentage rates of change in real sawtimber stumpage prices from 1978 through 2012 (dollars per thousand board feet, Doyle) for the 10 commercial hardwood species of Ohio were determined. Each species was then further examined for differing trend lines between the spring and fall reporting periods. Annual real rates of change ranged from -1.10 percent for basswood to 2.13 percent for hard maple. Across species, 37 percent of the annual price highs occurred in spring; 59 percent of the annual highs occurred in fall. Approximately 75 percent of all price cycles lasted three seasons or less. However, no spring/fall seasonality effect in reported prices was observed for any of the 10 species. Although the relatively low rates of change suggest Ohio has historically been a buyer's market, the seasonal variation characteristic of a buyer’s market was not present in Ohio's hardwood stumpage price trends.
Parent Publication
Citation
McConnell, T. Eric. 2014. Seasonal influence on Ohio hardwood stumpage price trends. In: Groninger, John W.; Holzmueller, Eric J.; Nielsen, Clayton K.; Dey, Daniel C., eds. Proceedings, 19th Central Hardwood Forest Conference; 2014 March 10-12; Carbondale, IL. General Technical Report NRS-P-142. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station: 322-329.
