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Certainly, the policy ensured a steady reliable source of mast timber during England's ascension to naval dominance, but at a price. Perceived violations of property rights on New England colonists served only to stoke the embers of rebellion. Shipments of New England timber continued unabated until the outbreak of the Revolutionary War. The ...
Stumpage is the price a private firm pays for the right to harvest timber from a given land base. It is paid to the current owner of the land. Historically, the price was determined on a basis of the number of trees harvested, or "per stump". Currently it is dictated by more standard measurements such as cubic metres, board feet, or tons. To ...
The prices charged to harvest the timber (stumpage fee) are set administratively, rather than through the competitive marketplace, the norm in the United States. In the United States, softwood lumber lots are privately owned, and the owners form an effective political lobby .
In the narrow sense of the terms, wood, forest, forestry and timber/lumber industry appear to point to different sectors, in the industrialized, internationalized world, there is a tendency toward huge integrated businesses that cover the complete spectrum from silviculture and forestry in private primary or secondary forests or plantations via the logging process up to wood processing and ...
From before the Industrial Revolution period the price of timber in England had been increasing as domestic quantities became more difficult to obtain. Many industries thus were forced to change to substitutes. As the industrial revolution progressed coal replaced timber for use as fuel, while brick replaced timber for use in construction.
Shakes may reduce the strength of a timber and the appearance thus reduce lumber grade and may capture moisture, promoting decay. Eastern hemlock is known for having ring shake. [38] A "check" is a crack on the surface of the wood caused by the outside of a timber shrinking as it seasons. Checks may extend to the pith and follow the grain. Like ...
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Country-specific GDP deflators are used to convert prices from current to constant units, and regional rental rates for timber [11] are applied, which are assumed to be constant over time. To obtain the proxy value for the shadow price of timber, the average price over the study period (1990 to 2014) is taken.
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