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Figure 7--Real prices paid for softwood pulpwood and sawtimber in Louisiana, 1950-1996. Prices are adjusted for inflation by the Gross Domestic Product price deflator (1992=100). Source: Louisiana severance tax records as reported in Ulrich and Howard.

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year	pulpwood price	sawtimber price
1960	18.88	129.61
1961	18.01	118.22
1962	17.78	118.83
1963	17.77	111.98
1964	17.48	109.76
1965	17.60	113.60
1966	17.70	133.46
1967	17.29	138.35
1968	16.79	146.93
1969	16.03	172.76
1970	15.36	151.63
1971	14.80	174.45
1972	14.18	197.91
1973	14.69	237.85
1974	15.71	236.10
1975	15.17	193.36
1976	15.02	226.68
1977	14.95	252.42
1978	15.32	306.88
1979	16.82	382.46
1980	17.05	313.25
1981	19.14	279.88
1982	20.37	205.98
1983	20.29	219.54
1984	23.25	209.22
1985	19.34	150.38
1986	14.95	139.33
1987	16.67	177.26
1988	18.52	186.99
1989	20.43	188.52
1990	19.10	195.09
1991	21.38	199.69
1992	23.50	222.60
1993	24.43	266.37
1994	22.39	314.76
1995	22.63	366.87
1996	21.69	308.23