Stumpage prices in southern New England (1978-2011): how do red oak, white pine, and Hemlock prices vary over time?

Abstract

We analyzed 33 years of red oak, white pine, and hemlock real stumpage prices—after removing inflationary effects—in southern New England. All real prices fluctuated; the real stumpage prices for white pine appear stable, hemlock decreased, but only red oak stumpage increased meaningfully over the 33-year period. This speaks to the importance of management—including silvicultural prescriptions to improve volume increment over time.