Local Timber Production and Consumption :: Timber Growth :: Timber Sales

Timber Sales



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photos by Elina Inkiläinen


What is this?


Stumpage prices refer to the price paid to the timber owner for standing timber, $. The data were inflation adjusted to 2010 dollars.




Why does this matter?



The forest products industry contributes approximately $30 billion annually to the state's economy, providing over 100,000 jobs for North Carolinians (1).
This measure shows the value of standing timber sold annually in the Triangle. Examination of stumpage prices may indicate the importance of each county in providing timber for the forest products industry as well as regional consumption.

In addition, the value of timber sold annually gives us information of the importance of timber as a source of income for forestland owners in the Triangle.


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Figure 1. Stumpage Prices in the Triangle. Source: NC Cooperative Extension, 2010


Figure 1 reflects the value paid for standing timber in the Triangle from 2000 to 2009. The total value of timber sold has decreased significantly during the last decade.

Wake, Johnston, and Chatham, the counties with most woodland, accounted for a significant portion of standing timber sold in the Triangle in 2001 and 2002. By 2005, however, the stumpage prices in these counties had declined to the same level with the other counties with far less woodland, staying relatively low for the rest of the period.



Limitations and Further Research



The data does not reveal the destination or end use of the timber sold and therefore does not indicate the value of timber consumed locally. There is no database for tracking the consumption or end uses of timber produced in the Triangle. However, NC Division of Forest Resources conducts a survey every two years of the primary wood-using industries in the state, in cooperation with the US Department of Agriculture Forest Service, Southern Research Station. The goal of the survey is to “determine the amount and source of wood receipts and annual timber product drain, by county, and to determine interstate and cross-regional movement of industrial roundwood” (Source: NC Division of Forest Resources). We were unable to acquire this data, but the surveys conducted every two years may serve as a good base for assessing the state of local timber production and consumption in the Triangle.



Authors: Elina Inkiläinen

Reviewers: Tandy Jones, TLC; Dr. Nancy Creamer, NCSU




Technical Notes

Source: NC Cooperative Extension: North Carolina Forest Income Estimates by County 2001-2009. Data were received from Dr. Robert Bardon of NC Cooperative Extension 3/8/2010. The numbers were inflation adjusted to 2010 dollars.

Spreadsheet with ata: Timber Sales.xlsx




Sources


1 North Carolina Dicision of Forest Resources