Title

Regulation and stumpage prices - A tale of two states

Publication Date

1999

Journal or Book Title

JOURNAL OF FORESTRY

Abstract

Conventional wisdom suggests that the regulation of timber harvesting adds expense to the process, thereby reducing profitability, and that landowners would bear the resulting cost of this regulation through reduced stumpage values. This study compared more than five years of quarterly stumpage prices in Massachusetts, a state with comprehensive statewide forest cutting practices regulations, with prices in Connecticut, a similar and adjacent state with no such regulations. The results suggest that the Massachusetts regulations do not adversely affect stumpage prices and landowner profit from the sale of timber.

DOI

10.1093/jof/97.10.12

Volume

97

Issue

10

Pages

12-16

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