Timber Economics

Timber economics studies how society manages and uses forest resources for wood products. It involves analyzing supply and demand, production costs, and market prices of timber. Factors like forest growth, land ownership, environmental policies, and consumer preferences influence timber’s availability and value. The goal is to balance economic benefits—such as timber sales and employment—with sustainable forest management, ensuring forests remain healthy for future use. In essence, timber economics helps guide decisions on harvesting, conservation, and investment, aiming for a sustainable and efficient use of forest resources within market systems.