Although forests provide a wide variety of products and services, timber still continues to be the most valued forest product in the marketplace. More than two-third of the nation's forests are under private control, some are owned by industries (about 10%) while a much larger portion (about 59%) is owned by individuals. This study investigates the differences between timber sales offered by industrial and non-industrial ownerships. A test of means revealed that there is a significant difference between per hectare bid for these 2 types of sales. A logistic regression model was then estimated to identify important factors characterizing this difference. Results indicated that industrial forests were more likely to obtain higher bids. They were also more likely to have shorter contract lengths. Industrial ownerships were found to be more likely to have clearcuts. However, they had a higher likelihood of restricting harvesting during wet-weather conditions. Forest industries were also found to be less likely to have pulpwood for sale than non-industrial private owners.
Mehmood, Sayeed R. and Dahal, Prabudhda
"Identifying the Factors Distinguishing Timber Sales on Industrial and Non-Industrial Private Forest Lands in Arkansas,"
Journal of the Arkansas Academy of Science: Vol. 59
, Article 19.
Available at: http://scholarworks.uark.edu/jaas/vol59/iss1/19