Publication Date:
2016-04-01
Description:
Impacts of forestry related information on forest owners’ ability to forecast timber price changes are studied. Large survey data on nonindustrial private forest owners are explored with methodology on discrete and limited dependent variable econometrics. We find that forest owners who regard information sources to be important for themselves and who are active users of information sources are better prepared to provide a timber price forecast compared with forest owners without these attributes. Contacts with forestry professionals did not have the same effect. However, the availability and use of information did not seem to improve the forest owners’ forecasting accuracy. Within market conditions in which timber prices fell quite sharply, information led forest owners to predict no change in timber prices.
Print ISSN:
0045-5067
Electronic ISSN:
1208-6037
Topics:
Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
Permalink