Particularly troubling is the outlook for the U.S. South, where plans to convert millions of acres of oak-hickory to southern yellow pine, coupled with rapid population growth and anticipated agricultural expansion, are likely to result in markedly reduced hardwood inventories, and especially inventories of sawlog-sized timber; forecasts indicate a loss of twelve percent of the area of forest land supporting hardwoods in the South within the next half-century. Projections of hardwood growth and removals nationwide indicate growth in excess of removals through 2050, with a steady narrowing of the net growth/ removals ratio during that time frame. A strong upward trend in hardwood sawtimber and pulpwood stumpage prices nationally is anticipated, and particularly in the South region. Price trends will likely, in turn, negatively impact global competitiveness.