IDEAS home Printed from https://ideas.repec.org/a/bla/canjag/v63y2015i3p409-429.html
   My bibliography  Save this article

Harvesting Choices and Timber Supply among Landowners in the Southern United States

Author

Listed:
  • Daowei Zhang
  • Xing Sun
  • Brett J. Butler
  • Jeffrey P. Prestemon

Abstract

type="main" xml:lang="fr"> La hausse récente du nombre de propriétaires institutionnels de terrains forestiers exploitables a modifié considérablement la structure et la gestion de l'industrie du bois aux États-Unis. Dans le présent article, nous avons appliqué, en utilisant des données tirées de la Forest Inventory Analysis (FIA) (Analyse de l'inventaire forestier) du Service des forêts des États-Unis dans neuf États du sud, un modèle fondé sur deux périodes de récolte pour évaluer le comportement de divers propriétaires selon la période de récolte du bois. Selon les résultats de notre étude, l'industrie forestière et les propriétaires institutionnels de terrains forestiers exploitables sont plus susceptibles d'effectuer des coupes partielles et totales que les propriétaires non industriels de forêts privées. Globalement, parmi les divers groupes de propriétaires, les organismes de gestion des placements dans les terrains forestiers exploitables (TIMO) sont les plus sensibles aux prix, tandis que les sociétés de placement immobilier dans le secteur forestier sont les moins sensibles aux prix.

Suggested Citation

  • Daowei Zhang & Xing Sun & Brett J. Butler & Jeffrey P. Prestemon, 2015. "Harvesting Choices and Timber Supply among Landowners in the Southern United States," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 63(3), pages 409-429, September.
    • Handle: RePEc:bla:canjag:v:63:y:2015:i:3:p:409-429
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/cjag.12060
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Max, Wendy & Lehman, Dale E., 1988. "A behavioral model of timber supply," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 71-86, March.
    2. Mei, Bin & Sun, Changyou, 2008. "Event analysis of the impact of mergers and acquisitions on the financial performance of the U.S. forest products industry," Forest Policy and Economics, Elsevier, vol. 10(5), pages 286-294, April.
    3. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    4. Dennis, Donald F., 1990. "A probit analysis of the harvest decision using pooled time-series and cross-sectional data," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 176-187, March.
    5. Kuuluvainen, Jari, 1990. "Virtual price approach to short-term timber supply under credit rationing," Journal of Environmental Economics and Management, Elsevier, vol. 19(2), pages 109-126, September.
    6. David H. Newman & David N. Wear, 1993. "Production Economics of Private Forestry: A Comparison of Industrial and Nonindustrial Forest Owners," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 674-684.
    7. Sun, Xing & Zhang, Daowei, 2011. "An event analysis of industrial timberland sales on shareholder values of major U.S. forest products firms," Forest Policy and Economics, Elsevier, vol. 13(5), pages 396-401, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shahi, Kabindra & Siry, Jacek & Bettinger, Pete & Li, Yanshu & Smith, Jonathan, 2023. "Estimating timber supply elasticity of private forest landowners in the US South," Forest Policy and Economics, Elsevier, vol. 154(C).
    2. Tian, Nana & Poudyal, Neelam C. & Lu, Fadian, 2018. "Understanding landowners’ interest and willingness to participate in forest certification program in China," Land Use Policy, Elsevier, vol. 71(C), pages 271-280.
    3. Sun, Xing & Zhang, Daowei, 2020. "A theoretical and empirical analysis of joint forest production: Timber supply and amenity services," Forest Policy and Economics, Elsevier, vol. 115(C).
    4. Zhao, Jianheng & Daigneault, Adam & Weiskittel, Aaron, 2020. "Forest landowner harvest decisions in a new era of conservation stewardship and changing markets in Maine, USA," Forest Policy and Economics, Elsevier, vol. 118(C).
    5. Liu, Bingcai & Sohngen, Brent, 2020. "Modeling and predicting forest movement: An analysis of timber market and climate change," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304335, Agricultural and Applied Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gregory, S. Amacher & Christine Conway, M. & Sullivan, Jay & Gregory, S. Amacher, 2003. "Econometric analyses of nonindustrial forest landowners: Is there anything left to study?," Journal of Forest Economics, Elsevier, vol. 9(2), pages 137-164.
    2. Sun, Xing & Zhang, Daowei, 2020. "A theoretical and empirical analysis of joint forest production: Timber supply and amenity services," Forest Policy and Economics, Elsevier, vol. 115(C).
    3. Newman, D.H., 2002. "Forestry's golden rule and the development of the optimal forest rotation literature," Journal of Forest Economics, Elsevier, vol. 8(1), pages 5-27.
    4. Kline, Jeffrey D. & Alig, Ralph J. & Johnson, Rebecca L., 2000. "Forest owner incentives to protect riparian habitat," Ecological Economics, Elsevier, vol. 33(1), pages 29-43, April.
    5. Tahvonen, Olli & Salo, Seppo, 1999. "Optimal Forest Rotation within SituPreferences," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 106-128, January.
    6. Marielle Brunette & Stephane Couture, 2018. "Risk management activities of a non-industrial privateforest owner with a bivariate utility function," Review of Agricultural, Food and Environmental Studies, INRA Department of Economics, vol. 99(3-4), pages 281-302.
    7. Provencher, Bill & Swallow, Stephen K., 1992. "Taking Stock of the Timber Harvest Decision of Private Forest Owners: Some New Considerations," Staff Papers 200552, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    8. Conway, M.Christine & Amacher, Gregory S. & Sullivan, Jay & Wear, David, 2003. "Decisions nonindustrial forest landowners make: an empirical examination," Journal of Forest Economics, Elsevier, vol. 9(3), pages 181-203.
    9. Olivier Damette & Philippe Delacote, 2009. "The environmental resource curse hypothesis : the forest case [L'hypothèse de malédiction environnemental des ressources : le cas des forêts]," Working Papers hal-01189378, HAL.
    10. Marielle Brunette & Stéphane Couture & Eric Langlais, 2009. "Amenities and Risk in Forest Managemen," Working Papers - Cahiers du LEF 2009-01, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
    11. Zhang, Xufang & Sun, Changyou & Munn, Ian A. & Gordon, Jason, 2021. "How to protect the U.S. forest products industry from the perspective of trade? A comparison of policies within the forest supply chain," Forest Policy and Economics, Elsevier, vol. 133(C).
    12. Beach, Robert H. & Pattanayak, Subhrendu K. & Yang, Jui-Chen & Murray, Brian C. & Abt, Robert C., 2005. "Econometric studies of non-industrial private forest management: a review and synthesis," Forest Policy and Economics, Elsevier, vol. 7(3), pages 261-281, March.
    13. Michael, Jeffrey A., 1998. "Preemptive Habitat Destruction And The Endangered Species Act: The Case Of The Red-Cockaded Woodpecker," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20783, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Sylvain Caurla & Philippe Delacote & Franck Lecocq & Ahmed Barkaoui, 2009. "Fuelwood consumption, restrictions about resource availability and public policies: impacts on the French forest sector," Working Papers - Cahiers du LEF 2009-03, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
    15. Tahvonen, Olli & Salo, Seppo & Kuuluvainen, Jari, 2001. "Optimal forest rotation and land values under a borrowing constraint," Journal of Economic Dynamics and Control, Elsevier, vol. 25(10), pages 1595-1627, October.
    16. Piao, Xiaorui & Mei, Bin & Zhang, Weiyi, 2017. "Long-term event study of timber real estate investment trust conversions," Forest Policy and Economics, Elsevier, vol. 78(C), pages 1-9.
    17. ERKKI Koskela & MARKKU Ollikainen, 1997. "Optimal Design of Forest Taxation with Multiple-Use Characteristics of Forest Stands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(1), pages 41-62, July.
    18. Dole, D.D., 1994. "The Economics of Private Forest Management," Discussion Papers 232286, University of Western Australia, School of Agricultural and Resource Economics.
    19. Swallow, Stephen K., 1996. "Economic Issues in Ecosystem Management: An Introduction and Overview," Agricultural and Resource Economics Review, Cambridge University Press, vol. 25(2), pages 83-100, October.
    20. Brown, J. Bradley, 2005. "Two-Part Tax Controls for Forest Density and Rotation Time," 2005 Annual meeting, July 24-27, Providence, RI 19560, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:canjag:v:63:y:2015:i:3:p:409-429. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/caefmea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.