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Title: Timber Supply Projections for Northern New England and New York: Integrating a Market Perspective

Author: Sendak, Paul E.; Abt, Robert C.; Turner, Robert J.;

Date: 2003

Source: Northern Journal of Applied Forestry. 20(4): 175-185.

Publication Series: Scientific Journal (JRNL)

Description: The North East State Foresters Association (NEFA) commissioned a study that resulted in the publication of a report titled, "A Forest Resource Model of the States of New York, Vermont, New Hampshire, and Maine." In this article we used the integrated NEFA computer simulation framework to go beyond the reported results and further explore the effects on the forest resource in terms of timber harvest, inventory, and price under various market and demand assumptions. Five scenarios were run through the integrated SRTSATLAS model to project long-run effects on timber inventory (growing stock) and price. Besides reflecting different assumptions about demand and supply, these scenarios defined different markets, thus affecting how the wood harvest was allowed to move across the region in response to demand. Regionally, at the end of the 50 yr projection period, cubic foot growth and harvest were approximately in balance in the Reference Case, the scenario that we felt was most likely. Initial inventory on all timberland was 66.7 billion ft3. By 2050, inventory volume increased 13% to 75.4 billion ft3. Net growth declined over the 50 yr period from 35.3 to 32.1 ft3 ac-' yr', while harvest increased from 26.6 to 31.9 ft3 ac-' yr'. Regional real price increased approximately 1.1% yrl over the period. Changes in the resource situation in one state affect the situation in the other states. There is a mutual dependence in markets that policy makers need to recognize. The integration of a market module into the NEFA modeling process added the interplay of market forces and improved upon the policy information available from the model.

Keywords: Timber supply, markets, economic modeling, Maine, New Hampshire, New York, Vermont.

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Sendak, Paul E.; Abt, Robert C.; Turner, Robert J. 2003. Timber Supply Projections for Northern New England and New York: Integrating a Market Perspective. Northern Journal of Applied Forestry. 20(4): 175-185.


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