TEXAS TIMBER
PRICE TRENDS
BIMONTHLY MARKET REPORT
VOL. 22 NO. 3
May/June 2004
TAMU-TEXAS FOREST SERVICE
301 TARROW SUITE 364
COLLEGE STATION TX 77840-7896
NONPROFIT ORG.
U.S.POSTAGE
PAID
COLLEGE STATION
TEXAS 77842
PERMIT NO. 215
Address Services Requested
Place Mail Label Here
TEXAS TIMBER PRICE TRENDS
WHAT IS THE PURPOSE OF THIS REPORT?
Texas Timber Price Trends is a bi-monthly publication reporting average
prices paid for standing timber, commonly called the “stumpage price,” for the
two months listed in the report. Its purpose is to provide timely information
concerning timber market conditions in order to improve decision making and
foster fair transactions that benefit both buyer and seller and encourage
conservation of the timber resource. Market information is particularly
important to nonindustrial private landowners who are only infrequent
participants in this complex market.
WHERE DOES THE DATA COME FROM?
Average stumpage prices published in this report are calculated from
actual timber sales as reported by as many as 60 cooperators active in the East
Texas timber market. Reporters include forest product companies, logging
contractors, consulting foresters, non-industrial landowners, financial
institutions, and federal agencies. Research has shown that a diversity of
reporters tends to reduce bias and improve the reliability of the price estimates.
HOW ARE AVERAGE PRICES CALCULATED?
The calculation of average prices weighs each sale by the volume sold.
This is done to filter out the effect that the size of the sale has on the price paid,
thus providing a more consistent and meaningful average. The result is that the
average price reported is the average price paid per unit of volume, NOT per
the average timber sale.
The price per ton for each product category is calculated from the price
per ton as reported or using a specific conversion factor for each sale provided
by the reporters. When a specific conversion factor for each sale is not
available, an average conversion factor listed on page 8 is used instead.
Readers should note that volume to weight conversions vary depending on the
average diameter of the logs in the sale.
HOW CAN I USE THIS REPORT?
This report is intended to serve only as a guide to general price levels.
Individuals interested in selling timber can use this report to monitor market
trends and get a general idea of what their timber is worth. However, it should
not be used to judge the fair market value of a specific timber sale. The price
paid for a specific stand of timber will vary considerably due to such factors as:
size, species, and quality of timber; total volume and volume per acre; logging
conditions; distance to the mill; end product of manufacture; and current
demand and local competition for timber. Additionally, timber markets often
change rapidly and therefore past prices are not necessarily a reflection of
current market prices. We strongly recommend the use of a competitive bidding
process as the ultimate determinant of market price for any specific tract of
timber.
VOLUME CONVERSION FACTORS
A specific conversion factor for each sale reported by the reporters is used for
price calculations when available; otherwise, the following average conversion
factors are used:
Sawlogs MBF-International-1/4" X 0.74 = MBF-Doyle
MBF-Scribner X 0.78 = MBF-Doyle
MBF-USFS Scribner X 0.814 = MBF-Doyle
Pine - 8 Tons = 1 MBF-Doyle
Hardwood - 9 Tons = 1 MBF-Doyle
Pine Chip-N-Saw: 1 Cord = 2.625 tons
Pulpwood Pine - 2.7 Tons = 1 Cord
Hardwood - 2.8 Tons = 1 Cord
Pine - 81 Cubic Feet = 1 Cord
Hardwood - 80 Cubic Feet = 1 Cord
SUBSCRIPTION INFORMATION
Texas Timber Price Trends is a publication of the Texas Forest Service
and is available at $2 per copy from your local TFS office, or through an annual
mail subscription of $10 per year. To subscribe, please send your request and
check or money order (payable to "Texas Forest Service") to:
Attn: Texas Timber Price Trends
Texas Forest Service
301 Tarrow Suite 364
College Station, TX 77840-7896
This publication is also available free of charge on the Texas Forest
Service website:
http://teaxasforestservice.tamu.edu/forest/economics/default.asp
WANT TO BE A REPORTER?
If you are active in the East Texas timber market, please consider
becoming a cooperating price reporter. You’ll receive report forms bi-monthly
with a self-return envelope. In addition, you’ll receive a complimentary
subscription to the report in exchange for your price information. To sign up,
contact the Texas Forest Service at the above address.
The Texas Forest Service is an Equal Opportunity Employer
1
8
Red River
Bowie
Titus
Cass
Camp
Morris
Franklin
Wood
Upshur
Marion
Harrison
Van Zandt
Smith
Gregg
Henderson
Rusk
Panola
Madison
Cherokee
Nacogdoches
Shelby
Houston
Montgomery
Angelina
San Augustine
Sabine
Trinity
Walker
Polk
Tyler
Grimes
Hardin
Jasper
Newton
Orange
San Jacinto
Liberty
Harris
Chambers
Jefferson
Waller
Madison
Leon
Anderson
Texas Timber Price Trends
Market Regions
Northeast TX
Southeast TX
Region II
R
e
g
i
o
n
I
COMMENTS
Pine Sawlog Market Softening In Spite of Rain
Pine sawlog stumpage prices “are falling in spite of wet weather as
mills have a large inventory of purchased stumpage”, commented one
reporter. The average stumpage price of pine sawlogs for East Texas
was $36.64/ton ($291.64/MBF), a 7% drop from the previous two-
month period.
The average stumpage price of pine pulpwood for the May-June
period slipped from the previous two-month period for East Texas, from
$7.56/ton ($20.09/cord) to $6.94/ton ($18.59/cord). One reporter from
the northeast region expected a soaring pine pulpwood market in the fall
“due to very low mill inventories” and “very wet weather” in northeast
region.
Wet weather in the May-June period has been cited by many of our
reporters as a very important factor for the hardwood market. The
rainy June limited the timber supply in certain areas causing disruption
of mill production. Coupled with solid market demand, hardwood saw-
log prices has increased by more than $2/ton from the same period last
year. The average stumpage price of hardwood sawlogs remained in
the $17-$18/ton range for the March-April and May-June period.
The stumpage price for hardwood pulpwood increased about $1/ton
to $6.16/ton ($17.35/cord), compared to the March-April period with
the rainy weather being one of the main contributing factors.
2
7
The pine chip-n-saw stumpage price for the May-June period
showed a $2/ton increase from the March-April period, to $15.69/ton
($41.96/cord) in East Texas.
Hardwood Market Vigorous Due to Wet Weather
House Committee Study on Timberland Tax
Timberland property taxes provide a significant source of revenues
for many East Texas counties and schools. On June 24, 2004, timber
landowners, industry representatives, county officials, the Comptrol-
ler’s Office and the Texas Forest Service testified before the House
Committee on Local Government Ways and Means, focusing on the
timberland appraisal method and procedures.
TEXAS TIMBER PRICES FOR
PROPERTY TAX APPRAISAL
TEXAS TIMBER PRICES FOR
PROPERTY TAX APPRAISAL
TEXAS ANNUAL STATEWIDE
AVERAGE STUMPAGE PRICES
3
6
Statewide Simple Average of Unweighted and Weighted Stumpage Prices
Large Pine Sawtimber $/Ton 42.01 39.29 38.33 39.23 36.21
Small Pine Sawtimber $/Ton 19.96 17.68 15.39 17.92 16.81
Pine Pulpwood $/Ton 11.26 8.26 6.15 4.65 5.89
Hardwood Sawtimber $/Ton 15.07 13.41 13.28 16.10 16.49
Hardwood Pulpwood $/Ton 9.05 9.04 9.70 4.83 5.30
20031999 20012000 2002
Starting from January 1, 2004, the new legislation (Senate Bill 1646 of
2003) requires stumpage prices to be in tons in the tax appraisal formula. Also,
statewide average stumpage prices (vs. northeast and southeast) will also be
required for the tax appraisal. Another important new change from this law is
that small pine sawtimber (chip-n-saw) is recognized as a timber product.
Data Source: Texas Forest Service, February 2004
0
50
10 0
15 0
200
250
300
350
400
450
500
M/A
'02
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
$/MBF-Doyle
High
Low
Statewide W ei
g
hted Avera
g
e Price
Sawlog Chip-N-Saw Pulpwood Sawlog Pulpwood
$/MBF-Doyle $/Cord $/Cord $/MBF-Doyle $/Cord
1984 170.53 30.85 23.48 54.61 4.03
1985 129.87 28.35 18.46 54.79 5.13
1986 127.45 23.68 14.53 46.16 4.18
1987 142.59 22.53 15.28 55.46 6.78
1988 152.31 24.88 16.33 64.93 6.59
1989 156.32 26.25 18.45 69.48 9.27
1990 163.34 30.12 22.17 62.20 6.03
1991 189.33 29.71 22.59 53.83 9.09
1992 252.26 39.39 27.98 67.04 10.10
1993 283.80 39.46 26.89 80.67 12.76
1994 358.03 47.81 22.75 93.77 15.57
1995 438.36 62.96 27.26 105.17 28.65
1996 395.46 59.18 25.25 88.28 10.78
1997 441.75 73.39 28.61 132.20 25.20
1998 414.51 76.40 37.01 138.75 14.41
1999 382.86 68.44 28.95 139.44 12.24
2000 376.57 57.69 19.20 120.88 7.97
2001 325.14 42.06 12.94 120.32 15.11
2002 334.86 41.92 12.33 156.97 15.67
2003 289.30 41.90 14.90 157.81 15.85
2004.1 305.03 33.89 17.35 117.71 16.95
2004.2 310.77 35.27 20.09 161.64 15.07
2004.3 291.64 41.96 18.59 161.02 17.35
Year
Pine Hardwood
HARDWOOD SAWTIMBER
PINE PULPWOOD
PINE CHIP-N-SAW
HARDWOOD PULPWOOD
N/A
5
4
0
5
10
15
20
25
30
35
40
45
50
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewide W eighted Average Price
0
10
20
30
40
50
60
70
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewide W eighted Average Price
0
50
10 0
15 0
200
250
300
350
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/MBF-Doyle
High
Low
Statewid e W eih
g
hted Avera
g
e Price
0
5
10
15
20
25
30
35
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewid e W eighted Average Price
Market price for any specific tract of timber may vary considerably due to variation in tract size, timber quality, species, total volume and volume
per acre, logging conditions, distance to the mill, utilization, current demand and local competition for timber, and rapidly changing timber market.
Volume 22, No. 3
$/Ton
$/MBF $/Ton $/MBF $/Ton $/MBF
Ton
MBF
32.77 291.45 38.21 319.68 39.05 288.81 14 116,313 13,078
40.57 291.79 41.33 295.93 41.24 303.20 49 114,423 15,910
36.64 291.64 39.27 310.77 40.22 296.53 63 230,735 28,988
** ** ** ** ** ** **
** **
$/Ton
$/Cord $/Ton $/Cord $/Ton $/Cord
Ton Cord
7.38 19.70 7.86 20.81 7.42 19.76 38 156,363 58,560
6.03 16.27 6.41 17.23 4.34 11.72 22 75,993 28,141
6.94 18.59 7.56 20.09 5.29 14.23 60 232,356 86,701
** ** ** ** ** ** **
** **
Chip-N-Saw $/Ton $/Cord $/Ton $/Cord $/Ton $/Cord
Ton Cord
16.05 43.32 18.13 45.46 14.78 36.96 3 113,449 42,040
15.51 41.29 13.26 34.48 13.57 35.39 46 227,163 85,305
15.69 41.96 13.60 35.27 13.62 35.46 49 340,611 127,345
$/Ton
$/MBF $/Ton $/MBF $/Ton $/MBF Ton MBF
17.41 164.41 16.89 153.02 15.94 146.68 106 9,571 1,013
16.65 149.86 19.65 176.23 11.73 112.36 133 2,767 307
17.24 161.02 17.91 161.64 15.13 140.29 239 12,338 1,321
** ** ** ** ** ** **
** **
Grade Sawlogs $/Ton
$/MBF $/Ton $/MBF $/Ton $/MBF
Ton
MBF
Northeast TX ** ** 50.15 350.90 ** ** **
** **
$/Ton
$/Cord $/Ton $/Cord $/Ton $/Cord
Ton Cord
6.23 17.56 5.37 15.04 6.06 16.66 71 14,492 5,145
5.57 15.60 ** ** 4.26 11.82 47 1,742 622
6.16 17.35 5.38 15.07 4.56 12.60 118 16,235 5,767
** ** ** ** ** ** ** ** **
1. Stumpage price statistics included gatewood sales. Stumpage prices from the gatewood sales were estimated by substracting cut and haul
costs, other expenses and profits if any provided by the reporters.
2. Price is calculated from a specific conversion factor reported for each sale if available; otherwise, the average conversion factors listed on
page 8 are used. MBF = Thousand Board Feet. The DOYLE LOG SCALE is used for board foot measurements.
USFS
* Statewide data excludes U.S. Forest Service sales.
** Insufficient sales to report price statistics (less than three reported sales).
Pulpwood
Northeast TX
Southeast TX
Statewide*
Northeast TX
Southeast TX
Statewide*
USFS
Southeast TX
Statewide*
HARDWOOD
Mixed Sawlogs
Southeast TX
Statewide*
USFS
Northeast TX
Statewide*
USFS
Pulpwood
Northeast TX
PINE
Sawlogs
Northeast TX
Southeast TX
May/June 2004
6-Aug-04
Product/Region
Average Price
Average Price
A
verage Price Same Period A
Year Ago
# of Sales
Reported
Total Volume
Last Period
The prices in this table do not represent market price for a specific tract of timber.
For timber prices used for timberland property taxation, please see page 3.
STUMPAGE PRICE TRENDS IN TEXA
S
HARDWOOD SAWTIMBER
PINE PULPWOOD
PINE CHIP-N-SAW
HARDWOOD PULPWOOD
N/A
5
4
0
5
10
15
20
25
30
35
40
45
50
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewide W eighted Average Price
0
10
20
30
40
50
60
70
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewide W eighted Average Price
0
50
10 0
15 0
200
250
300
350
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/MBF-Doyle
High
Low
Statewid e W eih
hted Avera
e Price
0
5
10
15
20
25
30
35
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
M/J
'04
$/Cord
High
Low
Statewid e W eighted Average Price
TEXAS TIMBER PRICES FOR
PROPERTY TAX APPRAISAL
TEXAS TIMBER PRICES FOR
PROPERTY TAX APPRAISAL
TEXAS ANNUAL STATEWIDE
AVERAGE STUMPAGE PRICES
3
6
Statewide Simple Average of Unweighted and Weighted Stumpage Prices
Large Pine Sawtimber $/Ton 42.01 39.29 38.33 39.23 36.21
Small Pine Sawtimber $/Ton 19.96 17.68 15.39 17.92 16.81
Pine Pulpwood $/Ton 11.26 8.26 6.15 4.65 5.89
Hardwood Sawtimber $/Ton 15.07 13.41 13.28 16.10 16.49
Hardwood Pulpwood $/Ton 9.05 9.04 9.70 4.83 5.30
20031999 20012000 2002
Starting from January 1, 2004, the new legislation (Senate Bill 1646 of
2003) requires stumpage prices to be in tons in the tax appraisal formula. Also,
statewide average stumpage prices (vs. northeast and southeast) will also be
required for the tax appraisal. Another important new change from this law is
that small pine sawtimber (chip-n-saw) is recognized as a timber product.
Data Source: Texas Forest Service, February 2004
0
50
10 0
15 0
200
250
300
350
400
450
500
M/A
'02
M/J
'02
J/A
'02
S/O
'02
N/D
'02
J/F
'03
M/A
'03
M/J
'03
J/A
'03
S/O
'03
N/D
'03
J/F
'04
M/A
'04
$/MBF-Doyle
High
Low
Statewide W ei
g
hted Avera
g
e Price
Sawlog Chip-N-Saw Pulpwood Sawlog Pulpwood
$/MBF-Doyle $/Cord $/Cord $/MBF-Doyle $/Cord
1984 170.53 30.85 23.48 54.61 4.03
1985 129.87 28.35 18.46 54.79 5.13
1986 127.45 23.68 14.53 46.16 4.18
1987 142.59 22.53 15.28 55.46 6.78
1988 152.31 24.88 16.33 64.93 6.59
1989 156.32 26.25 18.45 69.48 9.27
1990 163.34 30.12 22.17 62.20 6.03
1991 189.33 29.71 22.59 53.83 9.09
1992 252.26 39.39 27.98 67.04 10.10
1993 283.80 39.46 26.89 80.67 12.76
1994 358.03 47.81 22.75 93.77 15.57
1995 438.36 62.96 27.26 105.17 28.65
1996 395.46 59.18 25.25 88.28 10.78
1997 441.75 73.39 28.61 132.20 25.20
1998 414.51 76.40 37.01 138.75 14.41
1999 382.86 68.44 28.95 139.44 12.24
2000 376.57 57.69 19.20 120.88 7.97
2001 325.14 42.06 12.94 120.32 15.11
2002 334.86 41.92 12.33 156.97 15.67
2003 289.30 41.90 14.90 157.81 15.85
2004.1 305.03 33.89 17.35 117.71 16.95
2004.2 310.77 35.27 20.09 161.64 15.07
2004.3 291.64 41.96 18.59 161.02 17.35
Year
Pine Hardwood
Red River
Bowie
Titus
Cass
Camp
Morris
Franklin
Wood
Upshur
Marion
Harrison
Van Zandt
Smith
Gregg
Henderson
Rusk
Panola
Madison
Cherokee
Nacogdoches
Shelby
Houston
Montgomery
Angelina
San Augustine
Sabine
Trinity
Walker
Polk
Tyler
Grimes
Hardin
Jasper
Newton
Orange
San Jacinto
Liberty
Harris
Chambers
Jefferson
Waller
Madison
Leon
Anderson
Texas Timber Price Trends
Market Regions
Northeast TX
Southeast TX
Region II
R
e
g
i
o
n
I
COMMENTS
Pine Sawlog Market Softening In Spite of Rain
Pine sawlog stumpage prices “are falling in spite of wet weather as
mills have a large inventory of purchased stumpage”, commented one
reporter. The average stumpage price of pine sawlogs for East Texas
was $36.64/ton ($291.64/MBF), a 7% drop from the previous two-
month period.
The average stumpage price of pine pulpwood for the May-June
period slipped from the previous two-month period for East Texas, from
$7.56/ton ($20.09/cord) to $6.94/ton ($18.59/cord). One reporter from
the northeast region expected a soaring pine pulpwood market in the fall
“due to very low mill inventories” and “very wet weather” in northeast
region.
Wet weather in the May-June period has been cited by many of our
reporters as a very important factor for the hardwood market. The
rainy June limited the timber supply in certain areas causing disruption
of mill production. Coupled with solid market demand, hardwood saw-
log prices has increased by more than $2/ton from the same period last
year. The average stumpage price of hardwood sawlogs remained in
the $17-$18/ton range for the March-April and May-June period.
The stumpage price for hardwood pulpwood increased about $1/ton
to $6.16/ton ($17.35/cord), compared to the March-April period with
the rainy weather being one of the main contributing factors.
2
7
The pine chip-n-saw stumpage price for the May-June period
showed a $2/ton increase from the March-April period, to $15.69/ton
($41.96/cord) in East Texas.
Hardwood Market Vigorous Due to Wet Weather
House Committee Study on Timberland Tax
Timberland property taxes provide a significant source of revenues
for many East Texas counties and schools. On June 24, 2004, timber
landowners, industry representatives, county officials, the Comptrol-
ler’s Office and the Texas Forest Service testified before the House
Committee on Local Government Ways and Means, focusing on the
timberland appraisal method and procedures.
TEXAS TIMBER PRICE TRENDS
WHAT IS THE PURPOSE OF THIS REPORT?
Texas Timber Price Trends is a bi-monthly publication reporting average
prices paid for standing timber, commonly called the “stumpage price,” for the
two months listed in the report. Its purpose is to provide timely information
concerning timber market conditions in order to improve decision making and
foster fair transactions that benefit both buyer and seller and encourage
conservation of the timber resource. Market information is particularly
important to nonindustrial private landowners who are only infrequent
participants in this complex market.
WHERE DOES THE DATA COME FROM?
Average stumpage prices published in this report are calculated from
actual timber sales as reported by as many as 60 cooperators active in the East
Texas timber market. Reporters include forest product companies, logging
contractors, consulting foresters, non-industrial landowners, financial
institutions, and federal agencies. Research has shown that a diversity of
reporters tends to reduce bias and improve the reliability of the price estimates.
HOW ARE AVERAGE PRICES CALCULATED?
The calculation of average prices weighs each sale by the volume sold.
This is done to filter out the effect that the size of the sale has on the price paid,
thus providing a more consistent and meaningful average. The result is that the
average price reported is the average price paid per unit of volume, NOT per
the average timber sale.
The price per ton for each product category is calculated from the price
per ton as reported or using a specific conversion factor for each sale provided
by the reporters. When a specific conversion factor for each sale is not
available, an average conversion factor listed on page 8 is used instead.
Readers should note that volume to weight conversions vary depending on the
average diameter of the logs in the sale.
HOW CAN I USE THIS REPORT?
This report is intended to serve only as a guide to general price levels.
Individuals interested in selling timber can use this report to monitor market
trends and get a general idea of what their timber is worth. However, it should
not be used to judge the fair market value of a specific timber sale. The price
paid for a specific stand of timber will vary considerably due to such factors as:
size, species, and quality of timber; total volume and volume per acre; logging
conditions; distance to the mill; end product of manufacture; and current
demand and local competition for timber. Additionally, timber markets often
change rapidly and therefore past prices are not necessarily a reflection of
current market prices. We strongly recommend the use of a competitive bidding
process as the ultimate determinant of market price for any specific tract of
timber.
VOLUME CONVERSION FACTORS
A specific conversion factor for each sale reported by the reporters is used for
price calculations when available; otherwise, the following average conversion
factors are used:
Sawlogs MBF-International-1/4" X 0.74 = MBF-Doyle
MBF-Scribner X 0.78 = MBF-Doyle
MBF-USFS Scribner X 0.814 = MBF-Doyle
Pine - 8 Tons = 1 MBF-Doyle
Hardwood - 9 Tons = 1 MBF-Doyle
Pine Chip-N-Saw: 1 Cord = 2.625 tons
Pulpwood Pine - 2.7 Tons = 1 Cord
Hardwood - 2.8 Tons = 1 Cord
Pine - 81 Cubic Feet = 1 Cord
Hardwood - 80 Cubic Feet = 1 Cord
SUBSCRIPTION INFORMATION
Texas Timber Price Trends is a publication of the Texas Forest Service
and is available at $2 per copy from your local TFS office, or through an annual
mail subscription of $10 per year. To subscribe, please send your request and
check or money order (payable to "Texas Forest Service") to:
Attn: Texas Timber Price Trends
Texas Forest Service
301 Tarrow Suite 364
College Station, TX 77840-7896
This publication is also available free of charge on the Texas Forest
Service website:
http://teaxasforestservice.tamu.edu/forest/economics/default.asp
WANT TO BE A REPORTER?
If you are active in the East Texas timber market, please consider
becoming a cooperating price reporter. You’ll receive report forms bi-monthly
with a self-return envelope. In addition, you’ll receive a complimentary
subscription to the report in exchange for your price information. To sign up,
contact the Texas Forest Service at the above address.
The Texas Forest Service is an Equal Opportunity Employer
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