Pine sawtimber prices increase in 3rd quarter

Stumpage prices paid for pine sawtimber during the third quarter of 2004 averaged $350.08 per thousand board feet - Doyle (MBF), according to the Quarterly Report of Forest Products from the Louisiana Department of Agriculture and Forestry in Baton Rouge.

This average represents a 4.0 percent increase from the previous quarter price, and a 9.8 percent increase from one year ago.

Prices paid for mixed hardwood sawtimber during the third quarter averaged $374.93 per MBF, a 38.3 percent increase from the second quarter 2004, and 13.8 percent higher than a year ago.

Pulpwood stumpage prices averaged $19.38 per cord for pine and $18.29 for hardwood.

The LDAF report also shows that for the entire year 2003, volume of both sawtimber and cordwood harvested increased significantly over prior years, and over the five-year average from 1999-2003.

For 2003, sawtimber harvest totaled 1,266,183,020 MBF, and cordwood totaled 6,783,223 cords.

Year-by-year total harvest for sawtimber and cordwood is:
Year . . . . . . . . . . . . . . Sawtimber . . . . . . . . . . . . . . .Cordwood
1999 . . . . . . . . . . . 1,339,545,685 . . . . . . . . . . . . . . .6,250,955
2000 . . . . . . . . . . . 1,312,371,139 . . . . . . . . . . . . . . .6,065,787
2001 . . . . . . . . . . . 1,155,618,794 . . . . . . . . . . . . . . .5,813,870
2002 . . . . . . . . . . . 1,154,350,468 . . . . . . . . . . . . . . . 5,799,695
2003 . . . . . . . . . . . 1,266,183,020 . . . . . . . . . . . . . . . 6,738,223
AVG . . . . . . . . . . . 1,245,613,821 . . . . . . . . . . . . . . . 6,133,706

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