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. The health of the timber industry can ...
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