At a time when lumber prices are skyrocketing, an Oregon State University researcher has developed a new way to predict the future price of logs that uses readily accessible economic information.
“Log prices are really variable,” said Jeff Reimer, a professor of applied economics at Oregon State. “That makes this a difficult business, whether you are land manager, mill owner, timberland investor or, as we are seeing now, a home builder.”
The timber industry is critical to the economy of many regions of the world, including the Pacific Northwest. [Read more…] about As lumber prices skyrocket, professor develops method to predict future price changes