Markets and Market Values of Nontimber Forest Products in the United States: A Review, Synthesis, and Identification of Future Research Needs

Although numerous and varied users harvest, trade, and consume nontimber forest products (NTFPs), relatively little is known about the organization of the markets for these products and the market value or contribution to local and regional economies. In this article, we review and synthesize economic research and information on the markets and market values of NTFPs in the United States. We describe formal and informal markets for NTFPs, and the extent to which and reasons why many of the details of these markets remain unknown to researchers and decisionmakers. We provide examples of the market values of various species and identify information gaps and research needs to improve resource management and increase economic development.