Full text of this article is only available in PDF format.

Lars Lönnstedt (email)

Industrial timberland ownership in the USA: arguments based on case studies

Lönnstedt L. (2007). Industrial timberland ownership in the USA: arguments based on case studies. Silva Fennica vol. 41 no. 2 article id 303. https://doi.org/10.14214/sf.303

Abstract

The forest product companies’ ownership of timberland is decreasing in the United States as in many other countries. In aggregate the forest product industry owned 26.5 million hectares (11.6% of the U.S. timberland) in 2002 compared with 28.5 million hectares in 1987 (FIA 2006). Reasons for this decrease of timberland ownership are several and complex. This article presents four case studies of U.S.-based forest product companies. The vertical integration theory and empirical studies about timberland ownership give a base for the study. Four hypotheses are formulated on the basis of the literature. The results give support to two of them. An important reason for timberland ownership is a wish to secure deliveries. Market conditions are important for the need of owning timberland. Two of the companies did not own timberland, the main reason being more profitable alternative uses of capital. The ownership structure of the company, tradition, and culture are other important explanations for timberland ownership. This study did not show the advantage of timberland ownership for information and coordination.

Keywords
forest management; backward vertical integration; pricing; secured supply; owner structure

Author Info
  • Lönnstedt, SLU, Department of Forest Products, P.O. Box 7060, SE 750 07 Uppsala, Sweden E-mail lars.lonnstedt@spm.slu.se (email)

Received 26 September 2006 Accepted 14 May 2007 Published 31 December 2007

Views 3044

Available at https://doi.org/10.14214/sf.303 | Download PDF

Creative Commons License CC BY-SA 4.0

Register
Click this link to register to Silva Fennica.
Log in
If you are a registered user, log in to save your selected articles for later access.
Contents alert
Sign up to receive alerts of new content

Your selected articles
Send to email
Riihinen P., (1981) Effectiveness of forest taxation reform as a mea.. Silva Fennica vol. 15 no. 1 article id 5106 (remove) | Edit comment
Haapanen T., Hari P. et al. (1979) Effect of fertilization and thinning on radial g.. Silva Fennica vol. 13 no. 2 article id 5033 (remove) | Edit comment
Loetsch F., (1961) Die Waldinventur und ihre Bedeutung für Forstpol.. Silva Fennica vol. no. 112 article id 4700 (remove) | Edit comment
Erdene-Ochir  T., Ishiguri F. et al. (2020) Utilization potential of naturally regenerated M.. Silva Fennica vol. 54 no. 3 article id 10284 (remove) | Edit comment
Heiskanen V., (1966) Studies on the profitability of pruning of commo.. Acta Forestalia Fennica vol. 81 no. 2 article id 7167 (remove) | Edit comment
Ilvessalo Y., (1954) Nationwide surveys of forest resources and wood .. Acta Forestalia Fennica vol. 61 no. 21 article id 7433 (remove) | Edit comment
Lönnstedt L., (2007) Industrial timberland ownership in the USA: argu.. Silva Fennica vol. 41 no. 2 article id 303 (remove) | Edit comment
Your search results