comparison of stumpage valuation methods for procuring wood used in linerboard production

Strategies for the procurement of pulpwood are most often derived for each species of interest. An application of residual valuation, an indirect approach to stumpage valuation, is demonstrated that accounts for differing yields of chip, pulp, linerboard, and by-products and for differing harvesting...

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Bibliographic Details
Published inForest products journal Vol. 48; no. 10; pp. 35 - 42
Main Author Dubois, M.R
Format Journal Article
LanguageEnglish
Published Madison, WI Forest Products Society 01.10.1998
Subjects
Age
Applied sciences
By products
Costs
Data collection
Density
economic analysis
Exact sciences and technology
forest plantations
Forest products industry
Gravity
Laboratories
Methods
Paper, paperboard, non wovens
Paperboard
Pinus taeda
Plantations
Polymer industry, paints, wood
Prices
Process engineering
production costs
Pulp manufacturing
pulpwood production
residual valuation
Studies
stumpage
Timber
Trees
Valuation
Value analysis
Wood. Paper. Non wovens
yields
Arkansas
United States > US
Wood
Paper pulp
Liner board
Cost estimation
Economic study
Raw materials
Optimal foraging
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Summary:Strategies for the procurement of pulpwood are most often derived for each species of interest. An application of residual valuation, an indirect approach to stumpage valuation, is demonstrated that accounts for differing yields of chip, pulp, linerboard, and by-products and for differing harvesting, transportation, and processing costs as tree and plantation characteristics are varied. Data collected from 130 trees were used to explore product recovery and operational relationships between plantation, tree, wood, wood chip, pulp, and paper properties. Loblolly pine (Pinus taeda L.) trees varying in size from 5 to 13 inches diameter at breast height grown in 14-, 19-, 23-, and 29-year-old plantations in north-central Arkansas were used in the study. Use of residual values to estimate stumpage value demonstrates that trees processed into linerboard are not a fungible commodity and that procurement strategies based on product yields should be employed. The use of residual values suggests strategies for pricing stumpage for pulp and linerboard products that concentrate on the purchase of trees with higher pulp and linerboard yields rather than higher volume or green weight yield.
ISSN:0015-7473
2376-9637