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Tlfnl- recently, it appeared that we lL,/ had more hardwoods than we were able to uso. In fact, growth rates still greatly exceed removal rates throughout the country.

This apparent wealth of hardwoods, however, must be tempered by substantial questions regarding how much of it is available-including possible reductions due to urbanization, steep slopes, wetland areas, wildlife considerations, and non-timber landowner objectives.

Recent studies suggest that from one-third to one-half of the nominal hardwood inventory may not be economically available for timber production at current prices. Additionally, industrial demand for hardwoods has increased substantially, making hardwood timber much more scarce. This trend should continue.

In both the South and North. hardwood growth considerably exceeds hardwood removals. The ratio of growth to removals is 1.5 in the South and 2.05 in the North. Annual removals total only Z.l%o of hardwood inventory in the South, I.3Vo in the North. Looked at another way, the ratio of inventory-to-annual removals for hardwoods is 48:1 in the South and 78:l in the North. Combined, and with no further growth, the East has a hardwood growing stock "buffer" equal to 62 years of annual harvest.

In total, there were 147 billion cu. ft. of hardwoods in the South in 1991, including 393 billion ft. of sawtimber.

Despite the rosy state of the hardwood timber inventory statistics, the USDAs 1993 Renewable Resources Planning Act timber assessment forecasts total U.S. wood products production to increase significantly by 2010. From 1991 to 2010, lumber production will increase 8Vo from 47.7 billion to 52.5 billion bd. ft.; pulp production will increase l6Vo; paper and board production by 33Vo. Increased wood products output translates into increased timber harvest levels for both softwoods and hardwoods. Almost all of the increased softwood timber harvest (907o)-andTOVo of the hardwood increase-is projected to occur in the South.

Given these projected harvest increases. North Carolina State University's Subregional Timber Supply model projects that southern softwood timber inventories will decrease substantially over the next two decades. Hardwood timber inventories will be more stable for a decade