Southern Forest Resource Assessment Consortium
Mission and Goals
The Southern Forest Resource Assessment Consortium (SOFAC) develops forest sector market models for application to forest resource assessments in the South, U.S., and the World. SOFAC modelers and members will be able to use the SOFAC suite of models and research to simultaneously project timber inventory, supply, and prices for a variety of regions and a variety of timber products across the South. SOFAC will continue cooperative university-industry-public agency cooperation in southern and national forest sector economic modeling, enhancing graduate instruction in forest economics and modeling.
Get the Latest News through our SOFAC Blog
- October 20, 2022 – Growing Stock vs. All-Live Inventory Data: Historical and Projected Trends
- July 22, 2022 – Changes in growing stock inventory data
- May 19, 2022 – TPO data: recent trends and county-level variation (white paper).
- November 8, 2021 – The relationship between mortgage rates and sawtimber prices.
- October 4, 2021 – An approach which can visualize the difference in market- and policy-driven changes in forest carbon sequestration over time.
2023 Technical Meeting
- The SOFAC technical meeting and SRTS training sessions will be held at NC State University on February 22 & 23, 2023. Advanced registration required before February 17, 2023.
- View/download the tentative agenda for this meeting
- Link to required registration and logistical details
2022 Annual Meeting
- The 2022 SOFAC annual meeting was held on August 9 & 10, 2022 in both in-person and Zoom formats. Click here for information about the meeting and a links to the speaker presentations.
The core SOFAC modeling framework is the SubRegional Timber Supply (SRTS) Model, which is a bio-economic model that integrates forest inventory and analysis data and economic principles to estimate inventory, supply, demand, and price trends.
SOFAC integrates currently available forest resource data from the USDA Forest Service, Forest Inventory and Analysis (FIA) program and economic theory to model timber supply, demand, and prices in the South by local area; analyze the status of southern timber supply periodically; and analyze the impacts of new market and policy factors on timber supply.
Models that are linked to SRTS include modules that periodically collect and update the USDA Forest Service FIA data. Further, SRTS is linked to other economic frameworks that provide important data elements, including projections of:
- Land use change,
- Pine plantation responses to price changes,
- Timber demand and removals, and
- Climate impacts on forest productivity.
This suite of models is then used to project timber supply at the regional to local level under a range of economic and policy scenarios in the South, with occasional applications in the Northeast and Midwest.
In addition to SRTS, SOFAC affiliates work with a wide range of economic modeling tools, ranging from spatially explicit frameworks to global models of forest product markets and land use. These models include:
- The Global Timber Model (GTM)
- The US Forest and Agricultural Sector Optimization Model (FASOM)
- The Land Use and Resource Allocation (LURA) Model
- The Global Biosphere Management Model (GLOBIOM)
SOFAC affiliates also perform timber investment and production economics studies are performed periodically with graduate students, including analysis of global timber investments, logging capacity, biomass harvesting contracts, and timber market structure.
SOFAC affiliates have completed recent studies on topics such as new forest products processing capacity or closures, growth and removal cycles, wood chip demand, bioenergy, wood pellets, and drivers of land use change. We are actively modeling the market and resource implications of using more roundwood for bioenergy (including the impact of state, federal, and EU policies); the effects of holding more sawtimber for longer periods; evaluating the effects of carbon policies on southern U.S. forests; and assessing the impacts of forest market structure on timberland investments.
Recent research efforts led by SOFAC faculty affiliates cover the following topics:
- Modeling southern forest futures
- Forest carbon management and policy analysis
- Forest bioenergy analysis and modeling
- Identifying hotspots for new forests and silvicultural investments
- Projecting global forest product trade flows
- Exploring interactions between forests and water resource management
- Modeling the potential implications of environmental change on forest management and markets.
Justin S. Baker, Director of SOFAC and Associate Professor of Forest Resource Economics
David Rossi, SOFAC Research Associate
Robert Abt, Principal SRTS Developer and Professor of Forest Economics
Kelley McCarter, 2021 SOFAC Meeting Coordinator
Gaurav Dhungel, NCSU FER
Madisen Fuller, NCSU FER
Olakunle Sodiya, NCSU FER
Recent Publications from SOFAC Affiliates
Baker, J., C. Van Houtven, J. Phelan, G. Latta, C. Clark, K. Austin, O. Sodiya, S. Ohrel, J. Buckley, L. Gentile, J. Martinich. 2023. Projecting U.S. forest management, market, and carbon sequestration responses to a high-impact climate scenario. Forest Policy and Economics 147: 102898.
Daigneault, A., Baker, J., Guo, J., Lauri, P., Favero, A., Forsell, N., Johnston, C., Ohrel, S., Sohngen, B. 2022. How the future of the global forest sink depends on timber demand, forest management, and carbon policies. Global Environmental Change 76: 102582.
Wade, C. M., Baker, J. S., Jones, J., Austin, K., Cai, Y., Bean de Hernandez, A., Latta, G., Ohrel, S., Ragnauth, S., Creason, J., McCarl, B. Projecting the impact of socioeconomic and policy factors on GHG emissions and mitigation potential in U.S. forestry and agriculture. Journal of Forest Economics. 37(1).
Austin, K., Baker, J. S., Sohngen, B. L., Wade, C., Ragnauth, S., Ohrel, S. 2020. The economic costs of planting, preserving, and managing the world’s forests for climate change mitigation. Nature Communications. 11(1): 1-9.
Nepal, Prakash, Karen L Abt, Kenneth E Skog, Jeffrey P Prestemon, and Robert C Abt. 2019. Projected Market Competition for Wood Biomass between Traditional Products and Energy: A Simulated Interaction of US Regional, National, and Global Forest Product Markets. Forest Science 65 (1):14-26.