British Columbia's Stumpage System: Economic and Trade Policy Implications

R. Quentin Grafton, Robert W. Lynch and Harry W. Nelson

Canadian Public Policy, 1998, vol. 24, issue s2, 41-50

Abstract: Rent and stumpage in the British Columbia softwood lumber industry have played a pivotal role in the Canada-United States softwood lumber dispute. The goal of the US in the dispute has been to limit lumber exports from Canada and increase domestic American prices. Rent theory shows that BC's stumpage system does not affect softwood lumber exports and thus does not constitute a subsidy. Using estimates of the rents in the BC wood products industry, we demonstrate that the BC stumpage system is not flexible to change in the value of the rent and suggest ways to improve the present stumpage system.

Date: 1998
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