May 9, 2001

NEWS RELEASE

Resource Economics, LLC is pleased to announce the availability of individual State Reports derived from our Timber Supply and Product Demand Service.

Our Spring, 2001, catalog of services describes our Timber Supply and Demand Service (now in it's second year of production), our new State level wood products production and timber supply situation, GIS mapping products, and our general areas of consulting.

As part of our continuing effort to service the wood products industry in the US, we now offer our individual State projections of production and timber supply that are key to our National projection. The following states will be available for individual projection reports:

In our last two Long Term Outlooks we have correctly projected the following:

• The slowing of the economy in the year 2000 and the accompanying reduction in solid wood product and stumpage prices.
• Our solid wood consumption and production projections for 1999 and 2000 have been within 1 percent of actual levels.
• For the year 2000, we projected that solid wood product prices would decline.
• Western and southern composite log prices would decline in 2000 from 1999 levels.
• Our return-to-log equilibrium calculations have been slightly higher than actual year-to-date.
  

Information Available Here:
Individual State Reports Information