Since I do much research in the area of forest economics, this page is designed to provide some information in that regard.
The Canada-U.S. Softwood Lumber dispute continues. Along with graduate students and people in the federal and provincial governments, I have developed a number of trade models. One is a 21-region global log-lumber trade model that has been extended to more products to examine the global impacts on wood products of increased demand for wood biomass as a renewable energy source to generate electricity. (Go to the ‘Trade’ tab on this website.) One issue concerning Canada-U.S. trade relates to the appropriate conversion factor to use in going from cubic meters (which most of the world uses) to board foot measure (employed only in the U.S.). While the ratio 2.36 cu m = mbf, where mbf refers to 1,000 board feet, is commonly used as a conversion, this is an error as these links (link1, link2, link3, link4 demonstrate. Random Lengths also provides a table of conversions.