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Risk Analysis Of Black Walnut And Red Oak Plantations, Douglas D. Stokke, Stephen H. Kolison Jr., Jianbang Gan
Risk Analysis Of Black Walnut And Red Oak Plantations, Douglas D. Stokke, Stephen H. Kolison Jr., Jianbang Gan
Douglas D. Stokke
Risks and uncertainties are prevalent in timber production due to the nature and length of the production process. This paper examines the volatility of timber prices and the effects of some economic uncertainties and risks such as fluctuations in timber prices and the interest rate on the economic returns of black walnut and red oak plantations. Historical patterns of timber prices for black walnut and oaks are investigated and compared with those of other timber species and stock price. The sensitivity of economic returns from black walnut and red oak plantations to changes in timber prices and the discount rate …
Field Identification Of Birdseye In Sugar Maple (Acer Saccharum Marsh.), Douglas D. Stokke, Don C. Bragg
Field Identification Of Birdseye In Sugar Maple (Acer Saccharum Marsh.), Douglas D. Stokke, Don C. Bragg
Douglas D. Stokke
Birdseye grain distortions in sugar maple must be identified to capture the full value of a timber sale throughout the economic range of birdseye's occurrence. Even when relatively common, birdseye veneer typically makes up less than 1 percent of the harvested volume, but may account for one-half of the value of the sale. With prices recently reaching $50,000 per Mbf for prime logs, omission of birdseye (when present) from cruise data could cause significant economic loss for the forest landowner. But figured wood can sometimes be detected in standing timber (Pillow 1955). Field identification of birdseye sugar maple is critical …