Texas Timber Price Trends, Volume 18, Number 1, January/February 2000 Page: 1
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TEXAS TIMBER PRICE TRENDS
How to Use This Report
WHAT IS THE PURPOSE OF THIS REPORT?
Texas Timber Price Trends is a bi-monthly publication reporting average
prices paid for standing timber, commonly called the "stumpage price," for the
two months listed in the report. Its purpose is to provide timely information con-
cerning timber market conditions in order to improve decision making and foster
fair transactions that benefit both buyer and seller and encourage conservation of
the timber resource. Market information is particularly important to nonindustrial
private landowners who are only infrequent participants in this complex market.
WHERE DOES THE DATA COME FROM?
Average stumpage prices published in this report are calculated from actual
timber sales as reported by over 60 cooperators active in the East Texas timber
market. Reporters include consulting foresters, large nonindustrial landowners,
financial institutions, forest products companies, and state and federal agencies.
Research has shown that a diversity of reporters tends to reduce bias and improve
the reliability of the price estimates.
HOW ARE AVERAGE PRICES CALCULATED?
The calculation of average prices weights each sale by the volume sold. This
is done to filter out the effect that the size of the sale has on the price paid, thus
providing a more consistent and meaningful average.The result is that the average
price reported is the average price paid per unit of volume, NOT per the average
timber sale.
The price per ton for each product category is calculated from the price per
volume unit using the conversion factors listed on page 14 of the report. Readers
should note that volume to weight conversions vary depending on the average
diameter of the logs in the sale. Because we don't have information on average
diameters for each sale reported, the per ton prices presented are based on an
average conversion factor and not information from the specific sales reports.
HOW CAN I USE THIS REPORT?
This report is intended to serve only as a guide to general price levels.
Individuals interested in selling timber can use this report to monitor market trends
and get a general idea of what their timber is worth. However, it should not be
used to judge the fair market value of a specific timber sale. The price paid for a
specific stand of timber will vary considerably due to such factors as: size, species,
and quality of timber; total volume and volume per acre; logging conditions; dis-
tance to the mill; end product of manufacture; and current demand and local
competition for timber. Additionally, timber markets often change rapidly andtherefore past prices are not necessarily a reflection of current market prices. We
strongly recommend the use of competitive bidding process as the ultimate deter-
minant of market price for any specific tract of timber.1
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Texas Forest Service. Texas Timber Price Trends, Volume 18, Number 1, January/February 2000, periodical, January 2000; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1664072/m1/2/: accessed June 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.