. Effects of new export rules, a spotted owl plan, and recession on timber prices and shipments from the Douglas-fir region. Spotted owl; Lumber trade Northwest, Pacific; Douglas fir Prices. Supply 600 500 400 300 200 100. Demand Supply 2 4 6 8 10 12 14 16 Billion board feet, Scribner 0 2 4 6 8 10 12 Billion board feet, Scribner Figure 1—Four market sectors, before a policy change. Figure 2 illustrates a hypothetical policy-based change in Northwest timber supplies. Dashed curves are the postpolicy positions. The logic starts in panel C, with an as- sumed 30-percent reduction in timber supplie
. Effects of new export rules, a spotted owl plan, and recession on timber prices and shipments from the Douglas-fir region. Spotted owl; Lumber trade Northwest, Pacific; Douglas fir Prices. Supply 600 500 400 300 200 100. Demand Supply 2 4 6 8 10 12 14 16 Billion board feet, Scribner 0 2 4 6 8 10 12 Billion board feet, Scribner Figure 1—Four market sectors, before a policy change. Figure 2 illustrates a hypothetical policy-based change in Northwest timber supplies. Dashed curves are the postpolicy positions. The logic starts in panel C, with an as- sumed 30-percent reduction in timber supplies because of, say, land-use diversions. In economic terms, that produces a 30-percent leftward shift in the log supply curve, thereby indicating that at any price, fewer logs will be offered (or equivalently, the old volume can be purchased but at higher prices). A new price-volume intersection oc- curs in the domestic log market, a change that induces leftward shifts (supply reduc- tions) in both the export-log supply curve in panel D and the domestic-lumber supply curve in panel A. The lumber export supply curve of panel B changes concurrently because it is af- fected by the domestic-market changes of panel A. In this example, the export supply of lumber tightens because log supplies for lumber manufacture have shrunk. Off- shore lumber demand expands (panel B), however, because fewer logs are available to overseas customers. On balance, exports of lumber shrink with a considerable price increase. 3. Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability - coloration and appearance of these illustrations may not perfectly resemble the original Flora, Donald F; McGinnis, Wendy J; Pacific Northwest Research Station (Portland, Or. ). Portland, Or. : U. S. Dept. of Agriculture, Forest Service, Pacific Northwest Research Station
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