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Log supply and price adjustment mechanisms in industrialised economies: Impacts on small scale forest farmers

Quayle, Michael J. (2003) Log supply and price adjustment mechanisms in industrialised economies: Impacts on small scale forest farmers. Small-scale Forest Economics Management and Policy, 2(1), pp. 93-108.

Abstract

Log pricing and supply arrangements vary between countries. Some countries use open markets to determine log prices while others regulate supply and offer medium to long-term contracts to log buyers. A study of four industrialised countries - the United States, Canada, New Zealand and Australia - is undertaken to compare variations in in log pricing methodologies and contract price adjustment mechanisms. Market concentration and market power os found to vary between these countries. Variations also exist in supply arrangements,contract term and price adjustment mechanismsboth between countries and across regional regional jurisdictions within each country. The United States and New Zealand are strongly market oriented while Canada and Australia remain highly regulated. Both Canada and Australia use a weighted wood price index to adjust contract log prices. Policies are required in these regulated markets to encourage entry of small-scale suppliers if seller concentration is to be reduced and competitive market efficiency increased.

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ID Code: 8322
Item Type: Journal Article
Additional Information: For more information, please refer to the journal’s website (see hypertext link) or contact the author. Author contact details: m.quayle@qut.edu.au
Additional URLs:
ISSN: 1447-1825
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Environment and Resource Economics (140205)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2003 The University of Queensland
Deposited On: 28 Jun 2007
Last Modified: 29 Feb 2012 23:02

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