Markets: An Analysis to Support the Southern Forest Outlook

Jeffrey P. Prestemon and Jinggang Guo

No 361280, USDA Miscellaneous from United States Department of Agriculture

Abstract: The last decade’s economic, social, and environmental changes have affected the production, consumption, prices, and trade of forest products in the United States. This report provides an overview of how future potential societal and biophysical changes in the U.S. South, the country, and the world may influence the region’s forest sector. Changes are modeled with six scenarios that offer alternative trajectories for socioeconomic change (rates of growth in income and population), climate warming, technology, and trade openness. Among these are two scenarios exploring (1) the accelerated adoption of mass timber products in construction, and (2) a large, hypothetical increase in trade restrictions. All scenarios are summarized in terms of changes in production, consumption, prices, and trade in forest products. Results of this study can facilitate more fully informed choices by landowners, policymakers, and industry decisionmakers as they prepare for an uncertain future.

Keywords: Climate Change; Demand and Price Analysis; International Relations/Trade; Labor and Human Capital; Research and Development/Tech Change/Emerging Technologies; Research Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 56
Date: 2024-11
New Economics Papers: this item is included in nep-agr and nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/361280/files/GTR-SRS-275.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:361280

DOI: 10.22004/ag.econ.361280

Access Statistics for this paper

More papers in USDA Miscellaneous from United States Department of Agriculture
Bibliographic data for series maintained by AgEcon Search ().