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Stumpage Price Report Report 2005-No. 3 September - December 2005
What is stumpage? Stumpage refers to the price that a landowner receives for standing trees. Why four different regions? The four regions described in this report reflect unique forest product markets in Maryland and Delaware. For example, the quality and quantity of black cherry and oaks produced in the Western Region usually surpasses that of the other three regions. Loblolly pine is a timber species that is found mostly on the Eastern Shore and Southern Region. It is important to note that counties may reflect the trends of the regions they border. Regions include: Eastern Shore (ES) = Kent-Worchester Counties, MD and Sussex-Kent Counties, DE; Southern (S) = Anne Arundel/Prince George's – St. Mary's Counties, MD; Central (C) = Cecil-Carroll/Montgomery Counties, MD and New Castle County, DE; Western (W) = Frederick-Garrett Counties, MD. What are the different products mentioned in the report? The majority of the prices reported are for sawtimber and veneer products. Sawtimber trees are typically above 12 inches in diameter at breast height (DBH; 4.5 feet from the ground) and have at least one 8-foot log that can be harvested. Sawtimber trees are used for boards, railroad ties, and other products. Veneer quality timber is typically of larger diameter, comes from the bottom log of the tree, and has no branches or imperfections. Poles are used for telephone poles, piling, and related products. Fuelwood refers to timber sold for firewood. Fuelwood includes poorer quality trees, dead trees, and tree tops. Pulpwood trees are used to produce paper products. Biomass includes trees that are burned for power generation. Dramatic fluctuations are common in timber markets and past reports may not accurately reflect the latest market conditions. Many factors can influence the price of timber on a given tract of land (see list on first page). For example, the range of prices for one species may vary from $50-$350 per thousand board feet. This wide range might exist because the lower value reflects poor-quality timber; whereas, the higher value reflects high-quality timber that could be used for veneer products. How are the prices reported? The stumpage prices for each species and/or product category include three pieces of information: 1) the number of reported sales; 2) the average of all reported values; and 3) the range of values from lowest to highest. Poles, fuelwood, pulpwood, and biomass are special products that are sold by the linear foot, cord, or the ton. All other prices are reported as the dollars per thousand board feet of timber ($/MBF). One board foot is 12 inches x 12 inches x 1 inch. The number of board feet in each tree depends on its diameter, number of logs, and defects. A thousand board feet of timber may be made up of a few large trees or many small trees. The scale used to determine board feet in standing trees is the International ¼ inch scale, which provides the most accurate measure of board feet. Stumpage prices reported in a Doyle log scale, another common rule, tend to underestimate the volume of timber and must be adjusted to be compatible with the International ¼ inch scale. Where to get help? The sale of timber products should include three people: 1) the forest landowner selling the timber; 2) a licensed professional forester who assists the landowner with determining which trees should be harvested and helps the landowner work with the logger; and 3) the logger who carries out the actual harvesting of the trees. What are Erosion and Sediment Approvals? The Soil Conservation Districts report the number of erosion and sediment approvals
issued for timber harvests as well as acreage. Not all counties issue approvals.
Only those counties providing information are listed.
The table below summarizes reported prices paid
for standing timber during September - December 2005. Prices for sawtimber are
in $/MBF (1000 board feet) International ¼ inch scale. Pulpwood and fuelwood
are reported in $/cord or $/100 lbs, biomass in $/ton. The Range shows the high
and low prices reported. Reporting is voluntary and this is not a complete record
of sale activity in Maryland and Delaware.
*Mixed low quality hardwood (pallet type materials). On some sales, a single price may be paid. Summary of Sale Characteristics
September - December 2005
Erosion & Sediment Approvals September - December 2005
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