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Cross product hedging for stumpage using forest product futures: a Pacific Northwest exploratory study Public Deposited

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https://ir.library.oregonstate.edu/concern/graduate_projects/wp988q46n

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  • The feasibility of using lumber and plywood futures as a means of cross product hedging for stumpage is explored from the standpoint of the producer of forest products. A survey conducted in April, 1979 Indicates that this process has not been attempted in western Oregon. Historical price relationships between contract grade end products and several measures of Pacific Northwest public stumpage are defined, Based on these relationships along with an example using historical data, the process appears to be feasible as a forward pricing mechanism for stumpage. Actual application must be evaluated in terms of the firm's objectives and the risk tradeoffs associated with the process,
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  • File scanned at 300 ppi (Monochrome) using Capture Perfect 3.0.82 on a Canon DR-9080C in PDF format. CVista PdfCompressor 4.0 was used for pdf compression and textual OCR.
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