2409.22_30 Page 1 of 2 FOREST SERVICE HANDBOOK SOUTHWESTERN REGION (REGION 3) ALBUQUERQUE, NEW MEXICO FSH 2409.22 – TIMBER APPRAISAL HANDBOOK CHAPTER 30 – WESTERN WOOD PRODUCTS ASSOCIATION INDEXES Amendment No.: 2409.22-2002-2 Effective Date: August 01, 2002 Duration: This amendment is effective until superseded or removed. Approved: LEONARD ATENCIO Acting Deputy Regional Forester, Resources Date Approved: 07/17/2002 Posting Instructions: Amendments are numbered consecutively by Handbook number and calendar year. Post by document; remove the entire document and replace with this amendment. Retain this transmittal as the first page(s) of this document. The last amendment to this Handbook was 2409.22-2002-1 to Chapter 10. New Document(s): 2409.22_30 2 Pages Superseded Document(s) by Issuance Number and Effective Date 2409.22,30 (Amendment 2409.22-94-1, 1/20/94) 1 Pages Digest: 31 - Western Wood Products Association – updates the WWPA basis. 32 - Ponderosa Pine Quality Adjustments – updates the Quality Adjustment procedure. R3 AMENDMENT 2409.22-2002-2 EFFECTIVE DATE: 07/17/2002 DURATION: This amendment is effective until superseded or removed 2409.22_30 Page 2 of 2 FSH 2409.22 – TIMBER APPRAISAL HANDBOOK CHAPTER 30 – WESTERN WOOD PRODUCTS ASSOCIATION INDEXES 31 - WESTERN WOOD PRODUCTS ASSOCIATION Western Wood Products Association (WWPA) furnishes the region monthly lumber price indexes and data. The most recent published data transmitted to Forests and Districts is contained in the Appraisal Bulletin, issued monthly. This data should be used in all new appraisals. Retain rescinded data until it is of no further use in scheduled rate redeterminations or extensions. The following WWPA indexes are furnished and are in current use in this Region: Rocky Mountain Ponderosa Pine - (1997-1998 Basis) White Woods - (1997-1998 Basis) Ponderosa pine and white pine use the Rocky Mountain ponderosa pine WWPA index. Engelmann spruce, true firs, Douglas fir and Aspen use the White Woods WWPA index in this Region. 32 - PONDEROSA PINE QUALITY ADJUSTMENTS Rocky Mountain ponderosa pine WWPA price averages by grade category were used to create the bases for the quality adjustment calculation used in the Region 3. This adjustment utilized data from an Eager Recovery Mill Study. The Eager data was used as a representative sample in which WWPA Transactions were applied to develop coefficients that reflect the market. 33 - MARKET ADJUSTMENTS Western Wood Products Association indexes are used as an indicator of market changes in the calculation of the market adjustment. This is normally done once a quarter, however, if the current WWPA index has changed by more than 5 percent from the last index, then a monthly market adjustment shall be issued and the WWPA monthly index will be used to calculate it. 34 - TIMBER SALE CONTRACT Western Wood Products Association indexes for the last month of each quarter or any month when the market is erratic are used in sections A-5 or AT-5 of the timber sale contract to escalate stumpage.