- December 7-9, 2016
- NCSU, Raleigh, NC
This financial workshop will provide you with basic and sophisticated tools to identify and create value across the supply chain in the forest product industry. Learn how new products (wood pellets, power generation) and changes in consumption patterns will affect fiber supply in the next 10 years. Learn how to adapt forest management to maximize financial outcomes and reduce risk.
Why this workshop
Most forest finance workshops are focused on capital budgeting and basic financial concepts. Our classes and exercises build on traditional financial concepts, but also give you the big picture perspective across the fiber procurement supply chain. It will provide you with tools for financial analysis and capital investment assessment for value creation. With these tools you will be able to analyze tradeoffs across strategies. This workshop will include exercises to analyze risk and uncertainty in forest management and across the supply chain. This is an excellent opportunity to understand how markets affect your business, engage in a high level discussion about trends in fiber supply and understand how this affects your business strategy.
- Finance terminology
- Forestry finance terminology
- Time value of money
- Cost of capital
- Capital budgeting decision
- Common errors when evaluating capital investment
- Capital budgeting decision practice
- Faustmann and bare land values
- Investment risk, return and mitigation
- How much to spend in silviculture, tree improvement? (Marginal analysis)
- Maximizing financial outcomes
- Cost of growing timber
- Biofuels, Wood pellets, Bio-power
- Pulp wood trends
- International markets
- Wood and fiber supply chain for wood pellets, pulp and power
Dr. Bob Abt
1984, PhD University of CA, Berkeley
1979, M.S. University of Tennessee
1976, BS Georgia Tech
Dr. Bob Abt is Professor at North Carolina State University and a recognized forest economist with several hundred of ours of consulting services for private organizations, Bob is also Co-Director of SOFAC. 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.
Dr. Jeff Prestemon
1994, PhD University Wisconsin-Madison
1989, M.S. Forest Economics, NCSU
1983, BS Forest Management, Iowa State University
Dr. Jeff Prestemon is Project Leader in the USDA Forest Service. Principal study areas include: (i) economic and statistical analysis of forest-based disturbances, (ii) international trade, and (iii) timber market structure and function. Some examples of his research includes: understanding the production of wildfire and its management, expand understanding of effective approaches to reducing the occurrences of green crimes. He is also seasoned in international markets research, specifically, evaluates domestic and international forest product and timber price relationships and trade policy. Jeff has published more than 130 scientific articles and is Chair-Elect of the UN Economic Commission for Europe-FAO Working Party on Forest Statistics, Economics and Management.
Dr. Richard Phillips
1992-3, Executive Finance, University of Michigan
1972, Post Doc, Grenoble France
1970, PhD Chemical Engineering, NCSU
1966, Master Chemical Engineering, NCSU
1964, BS Chemical Engineering, NCSU
Dr. Richard Phillips is an Adjunct Professor and Executive in Residence in the Department of Wood and Paper Science at NCSU, having retired as Vice President of International Paper Companies in charge of Research and Development. Recently he was part of the IP JV Ilim in Russia, he was also responsible for the establishment of several pulp and paper mills in U.S. and Brazil. He teaches Strategic Business Practices in the Paper Industry at NCSU and provides leadership and critical thinking across the department. Dr. Phillips is a global expert in Forest Product Business and Economics.
Dr. Ronalds Gonzalez
2014, Value Creation, Stockholm, Sweden
2012, MBA Finance, Jenkins Business School
2011, PhD Conversion Economics, NCSU
2008, Masters Marketing Forest Products, NCSU
2005, Engineering, ULA, Venezuela
2005, Accounting, ULA, Venezuela
Dr. Ronalds Gonzalez is Faculty of Conversion Economics, Finance and Supply Chain in the Paper Science & Engineering and Sustainable Materials & Technology Programs at NC STATE. Ronalds is also Director of the Conversion Economics and Sustainability Research Group (CONECSUS). Prior joining NC State University, he was corporate controller manufacturing and logistics for North, Central and South America for Svenska Cellulosa Aktiebolaget (the biggest global tissue producer). He also held several positions in controlling and manufacturing at Smurfit Kappa Carton de Venezuela (an integrated forestry, pulp and paper and packaging solutions company). Ronalds is an active consultant for companies in the Forest Product Industry in the U.S., Mexico, Colombia and Australia.
Workshop Location and Time
The course presentations and training sessions will be held on the campus of NCSU, Department of Forestry, Jordan Hall II, Corner of Western Blvd and Dan Allen Drive, Raleigh, NC. The course will start at 10:00 AM on Wednesday and will end on Friday at 11:30 am. The recommended dress code is casual.
What do I need to bring?
- Laptop with Excel installed
- Basic excel skills
The registration fee is $1150. This registration fee includes tuition, training, materials, refreshment breaks, a certificate and a course banquet dinner. Lodging is not included in the registration fee. The registration fee should be received no later than two weeks prior to the course starting date. The registration fee cannot be refunded. Substitute participants can be sent, or the fee can be applied to a course on a later date. Registrations can be done by online credit card payment or by check. The online registration will only accept registrations up to the maximum number of students allowed. To register by online credit card payment, please click here. Contact Mari Asanuma (919-335-6087) for availability of space less than one week before the course or to pay by check
Participants are responsible for their own hotel arrangements. Suites have been set aside at the Embassy Suites Raleigh/Crabtree Valley, 4700 Creedmoor Road, Raleigh, NC 27612, Phone: 919.881-0000. Lodging is not included in the registration fee. The hotel guarantees room availability up to two weeks before the course. Ask for the special NCSU Pulp and Paper suite rate of $116. A breakfast and social hour are included with the suite. The suites have a bedroom, living room and kitchenette area. The hotel provides transportation from the airport, has an exercise room/indoor pool and is walking distance away from a major regional shopping mall.
For answers to questions related to course content, please contact Dr. Ronalds Gonzalez at 919.802.5219.
For questions related to registration and payment, please contact Mari Asanuma at 919-335-6087 or firstname.lastname@example.org.