Increasing forestry investments by means of public policy programs ( US).

In 1979, the Federal Reserve instituted a so-called 'tight money' policy which led to a decrease in the demand for stumpage. The decrease in demand brought about lower stumpage prices and, consequently, a waning interest in policies to stimulate non-industrial private forestry (NIPF) production. Reports on five recent studies of NIPF behaviour and raises concerns that recent increases in demand for housing may bring new pressure upon NIPFs as a source of wood.-Authors