Introduction
Many forest landowners have good reasons to be interested in historic North Carolina timber stumpage (standing timber) prices. Not only is such information useful in assessing current market opportunities and analyzing forest management options, but it may be the best or only way to calculate a landowner’s basis (for income tax purposes) in timber to be sold. These historic price data have been compiled from various sources (primarily Timber Mart-South since 1976). Annual market prices are averages of stumpage prices reported at the time. Considerable additional information on these products and others, as well as other states and regions, are available from the collectors and distributors of price information.
Stumpage price data are reported for four timber product categories (pine sawtimber and pulpwood, and mixed hardwood sawtimber and pulpwood) for western North Carolina, eastern North Carolina, statewide, and southeast, United States. Eastern North Carolina is defined as the region east of, and including, Granville, Wake, Lee, Moore, Richmond and Anson counties (Figure 1). Western North Carolina is defined as the region west of and including Person, Durham, Chatham, Montgomery, Stanley, and Union counties (Figure 1).
Figure 1: Map of North Carolina counties divided into two regions, east and west.
Created by Jessica Knight
Pine Sawtimber Stumpage Price History ($/1000 board feet, Scribner log rule)
|
Year |
Eastern NC |
Western NC |
State-wide Average |
Southeast-wide Average |
|
1976 |
$135.00 |
$38.00 |
$86.00 |
|
|
1977 |
$131.00 |
$56.00 |
$91.00 |
|
|
1978 |
$127.00 |
$73.00 |
$103.00 |
|
|
1979 |
$160.00 |
$89.00 |
$147.00 |
|
|
1980 |
$131.00 |
$78.00 |
$120.00 |
|
|
1981 |
$175.00 |
$84.00 |
$153.00 |
|
|
1982 |
$148.00 |
$67.00 |
$134.00 |
|
|
1983 |
$178.00 |
$83.00 |
$155.00 |
|
|
1984 |
$168.00 |
$78.00 |
$155.00 |
|
|
1985 |
$149.00 |
$75.00 |
$132.00 |
|
|
1986 |
$157.00 |
$90.00 |
$141.00 |
|
|
1987 |
$142.00 |
$81.00 |
$117.00 |
|
|
1988 |
$155.00 |
$78.00 |
$121.00 |
|
|
1989 |
$169.00 |
$79.00 |
$133.00 |
|
|
1990 |
$185.00 |
$84.00 |
$140.00 |
|
|
1991 |
$182.00 |
$90.00 |
$133.00 |
$127.00 |
|
1992 |
$193.00 |
$95.00 |
$144.00 |
$160.00 |
|
1993 |
$187.00 |
$108.00 |
$147.00 |
$189.00 |
|
1994 |
$222.00 |
$134.00 |
$178.00 |
$248.00 |
|
1995 |
$231.00 |
$110.00 |
$170.00 |
$268.00 |
|
1996 |
$262.00 |
$98.00 |
$180.00 |
$237.00 |
|
1997 |
$267.00 |
$146.00 |
$207.00 |
$291.00 |
|
1998 |
$309.00 |
$165.00 |
$237.00 |
$304.00 |
|
1999 |
$329.00 |
$194.00 |
$261.00 |
$290.23 |
|
2000 |
$345.00 |
$220.00 |
$282.00 |
$293.36 |
|
2001 |
$332.00 |
$215.00 |
$274.00 |
$261.62 |
|
2002 |
$317.00 |
$238.00 |
$277.00 |
$273.64 |
|
2003 |
$292.00 |
$249.00 |
$271.00 |
$270.53 |
|
2004 |
$286.00 |
$188.00 |
$237.00 |
$285.54 |
|
2005 |
$299.00 |
$221.00 |
$260.00 |
$300.21 |
|
2006 |
$309.00 |
$216.00 |
$262.00 |
$286.86 |
|
2007 |
$297.00 |
$202.00 |
$249.00 |
$277.86 |
|
2008 |
$262.00 |
$217.00 |
$239.00 |
$233.10 |
|
2009 |
$220.00 |
$174.00 |
$197.00 |
$202.00 |
|
2010 |
$247.00 |
$210.00 |
$229.00 |
$210.00 |
|
2011 |
$209.00 |
$153.00 |
$181.00 |
$180.00 |
|
2012 |
$203.00 |
$163.00 |
$183.00 |
$175.00 |
|
2013 |
$217.00 |
$184.00 |
$201.00 |
$185.00 |
|
2014 |
$212.00 |
$185.00 |
$198.00 |
$192.00 |
|
2015 |
$201.00 |
$169.00 |
$185.00 |
$193.00 |
|
2016 |
$221.15 |
$160.41 |
$190.78 |
$186.00 |
|
2017 |
$204.57 |
$155.56 |
$180.07 |
$177.25 |
|
2018 |
$211.22 |
$166.35 |
$188.80 |
$179.25 |
|
2019 |
$253.80 |
$172.71 |
$213.25 |
$182.78 |
|
2020 |
$206.17 |
$153.98 |
$180.08 |
$164.00 |
|
2021 |
$248.08 |
$188.82 |
$218.45 |
$193.16 |
|
2022 |
$255.94 |
$192.41 |
$224.21 |
$201.88 |
|
2023 |
$248.57 |
$188.27 |
$218.42 |
$194.96 |
Pine Pulpwood Stumpage Price History ($/Cord, Scribner log rule)
|
Year |
Eastern NC |
Western NC |
State-wide Average |
Southeast-wide Average |
|
1976 |
$6.00 |
$5.50 |
$6.00 |
|
|
1977 |
$7.85 |
$5.30 |
$6.75 |
|
|
1978 |
$8.85 |
$5.40 |
$7.25 |
|
|
1979 |
$8.20 |
$6.15 |
$7.65 |
|
|
1980 |
$8.50 |
$6.05 |
$7.75 |
|
|
1981 |
$9.30 |
$5.90 |
$8.25 |
|
|
1982 |
$9.40 |
$5.90 |
$8.75 |
|
|
1983 |
$10.35 |
$6.15 |
$9.25 |
|
|
1984 |
$11.00 |
$6.70 |
$10.55 |
|
|
1985 |
$11.00 |
$6.85 |
$9.90 |
|
|
1986 |
$9.65 |
$6.55 |
$8.60 |
|
|
1987 |
$11.20 |
$10.10 |
$10.75 |
|
|
1988 |
$12.54 |
$10.98 |
$11.72 |
|
|
1989 |
$11.91 |
$10.77 |
$11.39 |
|
|
1990 |
$13.06 |
$11.80 |
$12.79 |
|
|
1991 |
$16.50 |
$14.88 |
$15.71 |
$17.17 |
|
1992 |
$15.88 |
$15.54 |
$15.71 |
$19.67 |
|
1993 |
$17.21 |
$18.03 |
$17.62 |
$22.24 |
|
1994 |
$15.65 |
$16.93 |
$16.29 |
$22.73 |
|
1995 |
$15.16 |
$16.92 |
$16.04 |
$23.49 |
|
1996 |
$13.51 |
$13.98 |
$13.74 |
$23.73 |
|
1997 |
$14.42 |
$14.42 |
$14.42 |
$26.92 |
|
1998 |
$18.42 |
$15.63 |
$17.02 |
$28.54 |
|
1999 |
$18.08 |
$14.96 |
$16.52 |
$24.31 |
|
2000 |
$19.56 |
$15.44 |
$17.50 |
$20.86 |
|
2001 |
$17.25 |
$13.24 |
$15.25 |
$17.33 |
|
2002 |
$15.25 |
$11.84 |
$13.54 |
$16.24 |
|
2003 |
$17.62 |
$14.11 |
$15.86 |
$18.37 |
|
2004 |
$16.94 |
$11.69 |
$14.31 |
$17.50 |
|
2005 |
$17.46 |
$16.25 |
$16.85 |
$19.64 |
|
2006 |
$17.25 |
$13.17 |
$15.21 |
$17.58 |
|
2007 |
$18.25 |
$12.26 |
$15.26 |
$21.05 |
|
2008 |
$18.42 |
$13.79 |
$16.11 |
$23.16 |
|
2009 |
$18.94 |
$14.03 |
$16.49 |
$21.82 |
|
2010 |
$23.90 |
$19.82 |
$21.86 |
$25.58 |
|
2011 |
$19.10 |
$16.38 |
$17.74 |
$21.87 |
|
2012 |
$20.53 |
$15.17 |
$17.85 |
$23.50 |
|
2013 |
$24.81 |
$17.59 |
$21.20 |
$25.94 |
|
2014 |
$24.09 |
$17.01 |
$20.55 |
$27.72 |
|
2015 |
$25.69 |
$16.68 |
$21.19 |
$27.16 |
|
2016 |
$34.44 |
$18.91 |
$26.68 |
$27.26 |
|
2017 |
$36.71 |
$21.78 |
$29.25 |
$25.27 |
|
2018 |
$36.70 |
$21.51 |
$29.12 |
$24.56 |
|
2019 |
$28.47 |
$21.55 |
$25.01 |
$24.64 |
|
2020 |
$30.06 |
$18.56 |
$24.31 |
$22.62 |
|
2021 |
$34.63 |
$21.11 |
$27.87 |
$25.82 |
|
2022 |
$30.11 |
$19.87 |
$24.99 |
$27.21 |
|
2023 |
$24.05 |
$17.37 |
$20.72 |
$21.74 |
Mixed Hardwood Sawtimber Stumpage Price History ($/1000 board feet, Doyle log rule)
|
Year |
Eastern NC |
Western NC |
State-wide Average |
Southeast-wide Average |
|
1976 |
$50.00 |
$30.00 |
$40.00 |
|
|
1977 |
$53.00 |
$38.00 |
$45.00 |
|
|
1978 |
$55.00 |
$48.00 |
$50.00 |
|
|
1979 |
$53.00 |
$47.00 |
$49.00 |
|
|
1980 |
$49.00 |
$41.00 |
$46.00 |
|
|
1981 |
$53.00 |
$46.00 |
$53.00 |
|
|
1982 |
$51.00 |
$55.00 |
$50.00 |
|
|
1983 |
$52.00 |
$57.00 |
$54.00 |
|
|
1984 |
$43.00 |
$52.00 |
$47.00 |
|
|
1985 |
$43.00 |
$53.00 |
$49.00 |
|
|
1986 |
$49.00 |
$61.00 |
$54.00 |
|
|
1987 |
$62.00 |
$79.00 |
$67.00 |
|
|
1988 |
$61.00 |
$81.00 |
$73.00 |
|
|
1989 |
$84.00 |
$88.00 |
$84.00 |
|
|
1990 |
$65.00 |
$94.00 |
$81.00 |
|
|
1991 |
$77.00 |
$86.00 |
$87.00 |
$123.00 |
|
1992 |
$88.00 |
$98.00 |
$93.00 |
$94.00 |
|
1993 |
$118.00 |
$114.00 |
$116.00 |
$134.00 |
|
1994 |
$105.00 |
$108.00 |
$107.00 |
$124.00 |
|
1995 |
$114.00 |
$126.00 |
$120.00 |
$141.00 |
|
1996 |
$130.00 |
$109.00 |
$120.00 |
$124.00 |
|
1997 |
$152.00 |
$129.00 |
$141.00 |
$142.00 |
|
1998 |
$168.00 |
$148.00 |
$158.00 |
$153.00 |
|
1999 |
$146.00 |
$157.00 |
$152.00 |
$149.03 |
|
2000 |
$176.00 |
$163.00 |
$170.00 |
$153.21 |
|
2001 |
$202.00 |
$205.00 |
$203.00 |
$161.88 |
|
2002 |
$194.00 |
$204.00 |
$199.00 |
$165.20 |
|
2003 |
$206.00 |
$206.00 |
$206.00 |
$175.72 |
|
2004 |
$203.00 |
$167.00 |
$185.00 |
$181.76 |
|
2005 |
$199.00 |
$188.00 |
$193.00 |
$189.46 |
|
2006 |
$221.00 |
$205.00 |
$213.00 |
$182.72 |
|
2007 |
$195.00 |
$164.00 |
$179.00 |
$192.00 |
|
2008 |
$168.00 |
$176.00 |
$172.00 |
$193.00 |
|
2009 |
$157.00 |
$138.00 |
$147.00 |
$179.00 |
|
2010 |
$190.00 |
$162.00 |
$176.00 |
$202.00 |
|
2011 |
$177.00 |
$162.00 |
$170.00 |
$190.00 |
|
2012 |
$175.00 |
$155.00 |
$165.00 |
$196.00 |
|
2013 |
$232.00 |
$199.00 |
$216.00 |
$219.00 |
|
2014 |
$242.00 |
$220.00 |
$231.00 |
$265.00 |
|
2015 |
$249.00 |
$193.00 |
$221.00 |
$275.00 |
|
2016 |
$241.45 |
$173.14 |
$207.29 |
$287.25 |
|
2017 |
$228.90 |
$209.41 |
$219.16 |
$270.00 |
|
2018 |
$236.86 |
$204.93 |
$215.88 |
$275.35 |
|
2019 |
$232.61 |
$215.11 |
$223.86 |
$278.95 |
|
2020 |
$211.34 |
$190.92 |
$201.13 |
$275.75 |
|
2021 |
$238.53 |
$243.77 |
$241.15 |
$274.91 |
|
2022 |
$267.11 |
$270.96 |
$269.04 |
$292.54 |
|
2023 |
$248.51 |
$253.60 |
$251.05 |
$281.58 |
Hardwood Pulpwood Stumpage Price History ($/Cord, Doyle log rule)
|
Year |
Eastern NC |
Western NC |
State-wide Average |
Southeast-wide Average |
|
1976 |
$2.50 |
$2.75 |
$2.71 |
|
|
1977 |
$2.85 |
$3.10 |
$3.00 |
|
|
1978 |
$3.00 |
$3.10 |
$3.05 |
|
|
1979 |
$2.50 |
$3.00 |
$2.75 |
|
|
1980 |
$3.05 |
$3.20 |
$3.00 |
|
|
1981 |
$3.35 |
$3.20 |
$3.25 |
|
|
1982 |
$3.00 |
$3.90 |
$3.70 |
|
|
1983 |
$2.65 |
$3.75 |
$3.40 |
|
|
1984 |
$2.00 |
$5.00 |
$3.75 |
|
|
1985 |
$2.00 |
$4.95 |
$3.35 |
|
|
1986 |
$2.00 |
$4.05 |
$2.75 |
|
|
1987 |
$3.90 |
$6.20 |
$5.15 |
|
|
1988 |
$3.79 |
$6.04 |
$4.80 |
|
|
1989 |
$4.21 |
$7.68 |
$6.32 |
|
|
1990 |
$5.00 |
$8.00 |
$6.75 |
|
|
1991 |
$6.00 |
$8.88 |
$7.74 |
$6.52 |
|
1992 |
$8.31 |
$10.40 |
$9.35 |
$8.58 |
|
1993 |
$12.32 |
$12.58 |
$12.45 |
$10.86 |
|
1994 |
$8.18 |
$11.70 |
$9.94 |
$10.88 |
|
1995 |
$10.39 |
$12.53 |
$11.46 |
$15.46 |
|
1996 |
$7.91 |
$13.00 |
$10.46 |
$13.73 |
|
1997 |
$8.02 |
$12.20 |
$10.11 |
$16.55 |
|
1998 |
$8.94 |
$13.10 |
$11.02 |
$16.08 |
|
1999 |
$7.96 |
$11.92 |
$9.94 |
$12.38 |
|
2000 |
$9.26 |
$13.36 |
$11.31 |
$12.01 |
|
2001 |
$8.87 |
$11.39 |
$10.13 |
$14.52 |
|
2002 |
$7.70 |
$13.79 |
$10.74 |
$14.49 |
|
2003 |
$13.18 |
$16.72 |
$14.95 |
$20.24 |
|
2004 |
$8.63 |
$15.42 |
$12.03 |
$17.15 |
|
2005 |
$9.43 |
$13.24 |
$11.33 |
$19.73 |
|
2006 |
$8.98 |
$12.13 |
$10.55 |
$16.94 |
|
2007 |
$12.83 |
$16.12 |
$14.48 |
$19.23 |
|
2008 |
$15.18 |
$16.22 |
$15.70 |
$21.68 |
|
2009 |
$14.43 |
$13.94 |
$14.19 |
$22.49 |
|
2010 |
$16.30 |
$17.51 |
$16.90 |
$27.28 |
|
2011 |
$13.43 |
$16.89 |
$15.16 |
$19.56 |
|
2012 |
$10.43 |
$12.29 |
$11.36 |
$21.48 |
|
2013 |
$13.82 |
$14.23 |
$14.02 |
$25.46 |
|
2014 |
$14.92 |
$16.78 |
$15.85 |
$31.01 |
|
2015 |
$17.92 |
$18.05 |
$17.99 |
$26.41 |
|
2016 |
$12.93 |
$16.54 |
$14.74 |
$26.77 |
|
2017 |
$9.54 |
$14.12 |
$11.83 |
$22.85 |
|
2018 |
$7.86 |
$15.21 |
$11.54 |
$26.90 |
|
2019 |
$14.08 |
$18.17 |
$16.13 |
$31.94 |
|
2020 |
$16.17 |
$13.43 |
$14.80 |
$23.58 |
|
2021 |
$22.04 |
$19.72 |
$20.88 |
$27.07 |
|
2022 |
$22.29 |
$19.80 |
$21.04 |
$32.14 |
|
2023 |
$14.03 |
$15.22 |
$14.61 |
$24.72 |
Publication date: Feb. 17, 2016
Revised: Feb. 1, 2023
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