The biology and science of growing trees has a temperamental relationship with the economics of pricing timber. While forests grow through the...
Brooks Mendell, Ph.D.
Timberland investors and wood-using firms rely on a robust and reliable supply chain. While perhaps intuitive and obvious, the pandemic and weather...
Timberland investments comprise bundles of diversified cash flows. The sources of these flows include softwood and hardwood logs and fiber, hunting...
Each year, when we teach our process for tracking and analyzing timber prices, wood demand and forest supplies at Forisk’s “Timber Market Analysis”...
Aunt Fanny called at 4:45 in the morning. “Nephew, tell me about forest carbon.” “Do I have to?” I asked. “I avoid big words till the sun rises and...
In forestry, I always found rules of thumb helpful in providing context. For example, a log truck in the U.S. South carries just over 25 tons (~28)...
Fevered lumber prices appear to have broken due to a combination of producers (sawmills) catching up and demand moderating in the repair and...
Forest carbon can affect timberland values to the extent that robust markets for carbon support reliable cash flows to investors. With wood, the...
Investor Benjamin Graham, an early teacher to Warren Buffett, introduced the concept of Mr. Market in his 1949 book The Intelligent Investor. Mr...
When we feel uncertain about a situation – where things are oscillating and bouncing and hard to control – we may look for and identify patterns in...