Global saw log prices jumped over 7% in the third quarter of 2009becasue of improved lumber markets in the US and Europe. The Global Sawlog Price Index (GSPI had the highest quarter to quarter jump in its 15 year history according to the Wood Resource Quarterly. This is the third straight quarter increases in the GSPI. Which has reached just over US $73/m3. Now you know why a lot of funds have been trying to up timber investments over the last year. Timber does well pretty much all the time as the trees keep growing during the slow economic cycles and as prices rise you get a return both from increasing prices and increasing volumes of wood.