Trends in southern pine timber price appreciation and timberland investment returns, 1955 to 1983
1985
Milliken, Russell B. | Cubbage, Frederick W.
Extract: The first objective of this study was to determine the historical trends in timber prices. This objective entailed determining the nominal timber prices from empirical data, obtaining the general inflation rate from published government documents, and then comparing the two in order to calculate the real timber price appreciation rate. The second objective was to estimate long-term trends in the real rate of return from investing in timberland. This estimation was done by assuming that timberlands were acquired and owned through 1983. The cost of acquisition, future timber values, etc., were based on the data used in the analysis of historical trends in timber prices.
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