Research
SOFAC has sponsored several research projects addressing timber markets in the U.S. South. SOFAC has been developing core timber market models as well as their components and inputs, including summarizing the best available and developing new growth and yield information for projections, compiling data on annual removals, estimating timberland conversions, and improving pulpwood supply equations. These projects have produced several SOFAC's Working Papers as well as other publications.

Today, a core SOFAC's project is the development of a second generation multiple product southern timber market model at North Carolina State University in cooperation with researchers from the USDA Forest Service, Research Triangle Institute, and University of Georgia. Current research efforts are focused on developing (1) multiple product supply and demand models; (2) finer spatial scale harvesting choice models, accounting for changes in forest type and ownership and allowing for short- and long-run analyses; (3) forest plantation investment models; (4) land use change models; and (5) integrating these components into a second generation southern market model. Detailed information about this research project provides the SOFAC's research proposal "The Development of a Second Generation Multiple Product Southern Timber Market Model."

In addition, SOFAC facilitates continual timber supply analyses for the South with models that are continually updated with most recent research developments. SOFAC's members are provided with semiannual southern forest resource assessments and timber supply forecasts that are based on most up to date information on timber markets and resource conditions. The timber supply model developed with SOFAC's support--Subregional Timber Supply (SRTS)--was used to assess the current timber supply situation and develop forecasts for the South as a part of the Southern Forest Resource Assessment carried out under the lead of the USDA Forest Service.

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