Forest Economics, FNR 407
Dr. William L. (Bill) Hoover is a professor in the Department of Forestry and Natural Resources (FNR) at Purdue University’s College of Agriculture. Bill received his B.S. in Forestry from Pennsylvania State University in 1966, his M.S. in Forestry from Pennsylvania State University in 1972, and his PhD in Forest Economics from Iowa State University in 1976. He has a split appointment in the areas of extension, research and teaching. His primary extension focus is the application of the Internal Revenue Code to owners of forestland and how tax policies affect the decisions of these owners. He is the founder of the National Timber Tax Website and a coauthor of all but the first two editions of the standard reference on the tax treatment of timber published by the USDA Forest Service in cooperation with the IRS. He published with Professor W.L. Mills the first application of portfolio analysis that included forestland. He is currently investigating the application of experimental economics techniques to the modeling of taxpayer behavior of woodland owners. He took over the survey of Indiana log prices and processing costs in 1976 and is currently analyzing 50 years of log and lumber price data. His work with researchers in the FNR Wood Research Laboratory is being refocused on log grade yields in cooperation with the ongoing log scanning project. He collaborates with researchers in agriculture economics, economics, anthropology and sociology, and political science.
Bill has taught a wide range of courses, but now focuses on forest economics and finance, forest watershed management, utilization component of the forestry summer field practicum, and the economics of property rights.