Dr. Michael Clutter
Dr. Michael Clutter
Dean
Professor
Forest Finance
Research Interests
The Changing Landscape of Private Timberland Ownership in the South. The impacts of changing forest industry structure on timberland ownership and objectives

The Use of Capital Budgeting techniques by Timber and Timberland investors

The Application of Growth and Yield Techniques to Coarse Scale Inventory Projection: An application to the Sub-Region Timber Supply Model (SRTS)
Background
Education:
BSFR Mississippi State University 1981
MFR University of Georgia 1983
PHD University of Georgia 1991
Courses
FINA 3000: Introduction to Corporate Finance, (Fall Yearly)
FINA 4200: Theory of Corporate Finance, (Fall Yearly)
FINA 4210: Applied Corporate Finance, (Fall Yearly)
FINA 7100: Corporate Finance (MBA), (Fall Yearly)
FORS 7780: Forest Finance, Accounting and Taxation, (Fall Yearly)
Publications
Mei, B and Clutter, M. 2010. Evaluating the financial performance of timberland investments in the United States. Forest Science 56(5):421-428.
Clutter, M. 2004. "Changing private timberland ownership trends in the United States: Causes and impacts." Western Forest Economists’ Conference, 2004
Zasada, M; Cieszewski, C; Lowe, R; Zawadzki, J; Clutter, M; and Siry, J. 2004. "Using FIA and GIS data to estimate areas and volumes of potential stream management zones and road buffers. In McRoberts, R.E., G. Reams, P. Van Deusen, H. McWillaims, C. Cieszewski (Eds)." Proceedings of the 4th annual FIA symposium, St. Paul, MN, 2004. General Technical Report NC-252, USDA Forest Service
Siry, J; Harris, T; Izlar, B; and Clutter, M. Global competitiveness of Georgia's pulp and paper industries. FY 2004 TIP3 Research Report 10 pp.
Borders, B; Harrison, M; Zhang, Y; Shiver, B; Clutter, M; and Cieszewski, C. 2003. Growth and yield models for second rotation loblolly pine plantations in the piedmont / upper coastal plain and the lower coastal plain of the southeastern United States. Plantation Management Research Cooperative Technical Report 4. 48 p.
Clutter, M. 2001. "Some comments on the use of ancillary information in estimating tree diameter class frequencies." Proceeding of the Midwest Mensurationists’ Meeting, University of MN, 2001, pp. 157 Report #37
Clutter, M. 1999. "Corporate Entity Structure and It’s Impact on Forest Profitability–A Focus on The Timber Company." Southern Forest Economics Annual Meeting, Biloxi, Mississippi, 1999. Keynote Panel Presentation and Discussion
Clutter, M. 1997. "Intensive Silviculture in Southern Pine Plantations - Is Four Cords per Acre per Year Possible." Presented at the University of Florida Annual Spring Symposium, Gainesville Florida, 1997
Clutter, M. 1996. "Intensive Silviculture in Southern Pine Plantations - Growth Responses and Financial Performance." Southeastern Society of American Foresters Annual Meeting, Albany, Georgia, 1996
Clutter, M. 2005. "Trends in Timberland Investing: A perspective on the asset class. International trends in alternative asset investing." IQPC Financial Advisors Conference Proceedings, 2005, pp. 127-133
Clutter, M and Newman, D. 2005. "The Changing Landscape of Timberland Ownership. South Carolina Forests." , 2005, pp. 25–29
Mei, B; Clutter, M; and Harris, T. 2010. Modeling and forecasting pine sawtimber stumpage prices in the U.S. South by various time series models. Canadian Journal of Forest Research 40(8):1506-1516.
Conradie, I; Greene, D; and Clutter, M. 2004. The impact of a mill policy to discourage overweight log trucks. Southern Journal of Applied Forestry 28(2):132-136.
Ulmer, J; Greene, D; Clutter, M; and Mayo, J. 2004. Consistency ratings for assessing the impact of variations in mill demand on logging crew production and cost. Forest Products Journal 56(10):57-63.
Clutter, M. 2006. "Changing Landscape of Private Timberland Ownership in the South." Georgia Forestry Association Board Meeting, Macon, Georgia, 2006
Clutter, M; Abt, R.C.; and Adams, D.M. 2005. "A projection of large sawtimber inventory and harvest in the Pacific Northwest and the U.S. South: Implications for lumber prices and markets." Western Forest Economists’ Conference, 2005
Clutter, M. 2005. "Benchmarking Timberland Returns: How do we compare the asset class." IQPC Timberland Investing Conference, 2005
Clutter, M and Siry, J. 2005. "A Hardwood Resource Assessment for Georgia." Global competitiveness of Georgia’s pulp and paper industries, 2005, pp. 14 pp. FY TIP3 Research Report
Clutter, M and Siry, J. 2005. "Using Monte Carlo simulation to assess growth and yield methodology in the MP-SRTS Forest Inventory Projection Model." Southern Forest Analysis Consortium Proceedings, 2005
Clutter, M. 1995. "Defining stand adjacency in industrial forest resource planning." NCASI Symposium on Forest Resources Planning Issues, Mobile, Alabama, 1995
Clutter, M. 1995. "Intensive Silviculture Opportunities in Southern Pine and Hardwood Plantation Management." University of Georgia Alumni College, Athens, Georgia, 1995
Clutter, M. 1994. "Opportunities to incorporate alternative sampling designs and data in FIA techniques." United States Forest Service Forest Inventory and Analysis Workshop, New Orleans, Louisiana, 1994
Green, E.J. and Clutter, M. 2002. Estimating tree diameter class frequencies. Ecological Modeling 147:1-9.
Green, E.J. and Clutter, M. 2001. Using auxiliary information to estimate stand-tables. Canadian Journal of Forest Research 30:1-8.
Lynch, T.B. and Clutter, M. 1999. Predicting Loblolly Pine Plywood Bolt Grade with a Multinomial Logit Model. Forest Products Journal 49(5):56-61.
Lynch, T.B. and Clutter, M. 1998. A System of Equations for Prediction of Plywood Veneer Total Yield and Yield by Grade for Loblolly Pine Plywood Bolts. Forest Products Journal 48(5):80-88.
Borders, B; Greene, D; and Clutter, M. 1991. Variable bedding, planting, harvesting, and transportation costs impact optimal economic management regimes. Southern Journal of Applied Forestry 15(1):38-43.
Clutter, M and Hyink, D.M. 1991. Establishing Cause - Effect Relationships Using Forest Survey Data - Discussion. Forest Science 37(6):1497-1512.
Clutter, M; Kane, M; Borders, B; Bettinger, P; and Siry, J. 2006. A method for calculating internal rate of return on marginal silvicultural investments.
Rose Jr., C; Hall, D; Shiver, B; Clutter, M; and Borders, B. 2006. A multilevel approach to individual tree survival prediction. Forest Science 52(1):31–43.
Smith, J.L.; Clutter, M; and Keefer, B. 2003. The Future of Digital Remote Sensing. Forest Science 49(3):455 – 458.
Cieszewski, C; Zasada, M; Lowe, R; Borders, B; Clutter, M; and Daniels, R. 2003. Long-term sustainability analysis of fiber supply in Georgia. Forest Ecology and Management 187(2-3):345 - 359.
Clutter, M. 1992. "Current and Future Forest Measurements Issues in Southern Industrial Forestry." Presented at the Technical Session of the Society of American Foresters, Richmond, Virginia, 1992
Clutter, M. 1992. "Current and Future Forest Measurements Issues in Southern Industrial Forestry." Presented at the Twenty-fifth Annual Midwest Mensurationists Meeting, Mackinaw Island, Michigan, 1992
Clutter, M. 1990. "Use of Forest Survey Data to Establish Cause - Effect Relationships." Presented at the Annual Association of Southern University Biometricians Conference, Blacksburg, VA, 1990
Kellndorfer, J; Walker, W; Pierce, L; Dobson, M; Fites, J; Hunsaker, C; J. Vona, J; and Clutter, M. 2004. Vegetation height estimation from shuttle radar topography mission and national elevation datasets. Remote Sensing of the Environment 2004(3):972 – 996.
Hall, D and Clutter, M. 2004. Nonlinear mixed effects models for forest growth and yield prediction. Biometrics 60-1:16 – 24.
Ulmer, J; Greene, D; Clutter, M; and Mayo, J. 2004. Consistency ratings for assessing the impact of variations in mill demand on logging crew production and cost. Forest Products Journal 54(7/8):57-63.
Office:
230 Building 2
Phone: 706.542.4741
Fax: 706.542.2281