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William L Hoover

Forestry and Natural Resources 

  • Professor Emeritus
FORS Room 108
Forestry Building
195 Marsteller Street
West Lafayette, IN 47907

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.

Forest Economics, FNR 407 - Syllabus

Research Group - Natural Resource Social Science, Forest Measurement and Assessment/GIS, Wood Products and Wood products Manufacturing

Areas of Excellence - Partnering for Land Use Sustainability

Facilities - John S. Wright Center

Related Centers - Center for Advanced Manufacturing, Natural Resources Leadership Development Institute


Awards & Honors

(2011) PUCESA Career Award. PUCESA.

(2008) Distinguished Fellow. Pennsylvania State University, Mont Alto Campus.

(2005) Fellow. Society of American Foresters.

Selected Publications

Hoover, W. L. (2013). 2013 Indiana Forest Products Price Report and Trend Analysis, 13.

Greene, J. L., Siegel, W. C., Hoover, W. L., & Koontz, M. (2013). Forest landowners’ guide to the federal income tax (Vol. Ag. Hdbk. 731). Washington, D.C.: USDA Forest Service.

Hoover, W. L. (2013). Investing in Indiana Woodlands, 10.

Hoover, W. L., & Preston, G. (2011). 2011 Indiana Forest Products Price Report and Trend Analysis, 23.

Hoover, W. L., & Preston, G. (2011). 2011 Indiana Forest Products Price Report and Trend Analysis. The Woodland steward, 20(3), 1-10.

Hoover, W. L., & Preston, R. (2010). 2010 Indiana Forest Products Price Report and Trend Analysis, 12.

Hoover, W. L. (2010). Moving Beyond Tradition. Journal of Forestry, 108(2), 100-102.

Hoover, W. L. (2009). 2009 Forest Products Price Report and Trend Analysis, 12. Retrieved from

Hoover, W. L. (2008). Non-timber forest products in the Daniel Boone National Forest region: economic significance, access. In Managiing Non-Timber Forest Products: Global Perspectives (Vol. 1, pp. 173--183). Hyderabad, India -500 082: The Icfai University Press.

Hoover, W. L., & Hembram, D. (2008). Nontimber forest products in Danile Boone National Forest Region—economic significance and potential for sustainability.. Proceedings 16th Central Hardwood Forest Conference, 148-156.