Notes on Forestry and Wood-Use
Purdue University Cooperative Extension Service West Lafayette, Indiana 47907
F-23-21 August 1976
PRICE REPORT ON INDIANA FOREST PRODUCTS*
William L. Hoover, Extension Forest Economist, Department of Forestry and Natural Resources; and Earl L. Park, Chief Agricultural Statistician, Statistical Reporting Service
The prices given in this report were obtained from, a mail survey of Indiana’s primary wood-using industries. These include sawmills, veneer mills, handle plants and others. Quotations were asked for the average prices paid for timber products during April 1976. Since prices change with market conditions, these prices are indicative of timber values as of April 1976.
Prices were reported by species and log grades. Tables 1, 2 and 3 compare the 1975 and 1976 prices. Prices are reported on a state wide basis. The statistical significance of these prices is not known.
Applicability of Price Data
The log prices reported are for logs delivered to a mill. As such they are not applicable to standing timber (stumpage). Prices paid for standing timber (stumpage price) are highly variable. Stumpage price is determined by the size, quality and quantity of timber offered; harvesting costs; transportation costs and the value of the products which can be produced from the timber.
Prices are given on the basis of dollars per 1000 board feet. The board foot volume of individual logs is determined by measuring the log's length in feet and its diameter in inches at the small end. The board foot volume is read from a table based on the Doyle Log Rule.
Individuals with timber to sell are encouraged to seek the assistance of a professional forester. On-the-land technical assistance is available free of charge from: Indiana Division of Forestry Department of Natural Resources 613 State Office Building Indianapolis, IN 46204 Educational programs and pamphlets are available from:
Cooperative Extension Service Department of Forestry and Natural Resources Purdue University West Lafayette, IN 47907 Professional consultant foresters are avail able for applying management practices in the forest, planting trees and appraising the value of trees growing or the value of
*With the cooperation and support of the Division of Forestry of the Indiana Department of Natural Resources.
Cooperative Extension Work in Agriculture and Home Economics, State of Indiana, Purdue University and U. S. Department of Agriculture Cooperating. H. G. Diesslin, Director. West Lafayette. Ind. Issued in furtherance of the Acts of May 8 and June 30, 1914. It is the policy of the Cooperative Extension Service of Purdue University that all persons shall have equal opportunity and access to Its programs and facilities without regard to race, religion, color, sex or national origin.